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Company registration number: 13470525







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


PHR TOPCO LIMITED






































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PHR TOPCO LIMITED
REGISTERED NUMBER:13470525



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4,814,149
4,814,149

  
4,814,149
4,814,149

Current assets
  

Debtors: amounts falling due within one year
 5 
17,006
5,586

  
17,006
5,586

Creditors: amounts falling due within one year
 6 
(1,338,745)
(16,075)

Net current liabilities
  
 
 
(1,321,739)
 
 
(10,489)

Total assets less current liabilities
  
3,492,410
4,803,660

Creditors: amounts falling due after more than one year
 7 
(5,677,546)
(5,162,088)

  

Net liabilities
  
(2,185,136)
(358,428)


Capital and reserves
  

Called up share capital 
  
297,932
301,849

Profit and loss account
  
(2,483,068)
(660,277)

  
(2,185,136)
(358,428)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2024.




Graham Russell Park
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 


PHR TOPCO LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022 (as previously stated)
291,000
(5,178)
285,822

Prior year adjustment - correction of error
-
(224,059)
(224,059)


At 1 January 2022 (as restated)
291,000
(229,237)
61,763


Comprehensive income for the year

Loss for the year

-
(489,790)
(489,790)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(489,790)
(489,790)


Contributions by and distributions to owners

Shares issued during the year
10,849
-
10,849

Share based payment
-
58,750
58,750


Total transactions with owners
10,849
58,750
69,599



At 1 January 2023
301,849
(660,277)
(358,428)


Comprehensive income for the year

Loss for the year

-
(1,822,791)
(1,822,791)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(1,822,791)
(1,822,791)


Contributions by and distributions to owners

Shares redeemed during the year
(3,917)
-
(3,917)


Total transactions with owners
(3,917)
-
(3,917)


At 31 December 2023
297,932
(2,483,068)
(2,185,136)


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


PHR TOPCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

PHR Topco Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address is on the information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group and company has adequate resources to continue in operational existence for the foreseeable future.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 3

 


PHR TOPCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
4,814,149



At 31 December 2023
4,814,149





5.


Debtors

2023
2022
£
£


Prepayments and accrued income
17,006
5,586

17,006
5,586



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,338,745
16,075

1,338,745
16,075



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Accruals and deferred income
1,208,797
693,339

Share capital treated as debt
4,468,749
4,468,749

5,677,546
5,162,088



8.


Related party transactions

The company has taken advantage of the exemption in FRS 102 33.1A not to disclose transactions entered into between two, or more, members of the group where subsidiaries party to the transaction are wholly owned members of the group. The balances outstanding with the company are shown in aggregate in debtors and creditors under amounts owned by and to group undertakings respectively.

Page 4

 


PHR TOPCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Controlling party

The immediate parent company is IQVIA Limited, a company incorporated in United Kingdom. 
The ultimate controling party is IQVIA Holdings Inc, a company incorporated in the United States of America.
IQVIA Holdings Inc., registered at 4820 Emperor Road, Duham, North Carolina 27703, United States, is the parent undertaking the smallest and largest group of undertakings to consolidate these financial statements at 31 December 2023. The consolidated financial statements of IQVIA Holdings Inc. may be obtained from the company's website www.iqvia.com.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 12 August 2024 by Ralph Mitchison (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5