IRIS Accounts Production v24.1.4.33 07443646 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 true false true false false true false Fair value model 205598 205598 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074436462022-11-30074436462023-11-30074436462022-12-012023-11-30074436462021-11-30074436462021-12-012022-11-30074436462022-11-3007443646ns15:EnglandWales2022-12-012023-11-3007443646ns14:PoundSterling2022-12-012023-11-3007443646ns10:Director12022-12-012023-11-3007443646ns10:Director22022-12-012023-11-3007443646ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007443646ns10:SmallEntities2022-12-012023-11-3007443646ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007443646ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007443646ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007443646ns10:FullAccounts2022-12-012023-11-300744364641ns10:Director12022-12-012023-11-300744364641ns10:Director12023-11-3007443646ns10:RegisteredOffice2022-12-012023-11-3007443646ns5:CurrentFinancialInstruments2023-11-3007443646ns5:CurrentFinancialInstruments2022-11-3007443646ns5:ShareCapital2023-11-3007443646ns5:ShareCapital2022-11-3007443646ns5:RetainedEarningsAccumulatedLosses2023-11-3007443646ns5:RetainedEarningsAccumulatedLosses2022-11-3007443646ns5:FurnitureFittings2022-12-012023-11-3007443646ns5:MotorVehicles2022-12-012023-11-3007443646ns5:ComputerEquipment2022-12-012023-11-3007443646ns5:FurnitureFittings2022-11-3007443646ns5:MotorVehicles2022-11-3007443646ns5:ComputerEquipment2022-11-3007443646ns5:FurnitureFittings2023-11-3007443646ns5:MotorVehicles2023-11-3007443646ns5:ComputerEquipment2023-11-3007443646ns5:FurnitureFittings2022-11-3007443646ns5:MotorVehicles2022-11-3007443646ns5:ComputerEquipment2022-11-3007443646ns5:CostValuation2022-11-3007443646ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007443646ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007443646ns10:Director222022-11-3007443646ns10:Director222021-11-3007443646ns10:Director222022-12-012023-11-3007443646ns10:Director222021-12-012022-11-3007443646ns10:Director222023-11-3007443646ns10:Director222022-11-30
REGISTERED NUMBER: 07443646 (England and Wales)

















Medicorum Limited

Financial Statements

for the Year Ended 30 November 2023






Medicorum Limited (Registered number: 07443646)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Medicorum Limited

Company Information
for the year ended 30 November 2023







DIRECTORS: Dr S J Pinches
I R Pinches





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 07443646 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Medicorum Limited (Registered number: 07443646)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 875 2,385
Investments 5 6 6
Investment property 6 1,998,569 1,639,671
1,999,450 1,642,062

CURRENT ASSETS
Debtors 7 353,998 78,815
Cash at bank 76 277,211
354,074 356,026
CREDITORS
Amounts falling due within one year 8 107,405 44,542
NET CURRENT ASSETS 246,669 311,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,246,119

1,953,546

PROVISIONS FOR LIABILITIES 61 404
NET ASSETS 2,246,058 1,953,142

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 2,245,958 1,953,140
SHAREHOLDERS' FUNDS 2,246,058 1,953,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




Dr S J Pinches - Director



I R Pinches - Director


Medicorum Limited (Registered number: 07443646)

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Medicorum Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings, equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Medicorum Limited (Registered number: 07443646)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings, Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 31,436 93,899 10,250 135,585
DEPRECIATION
At 1 December 2022 29,394 93,899 9,907 133,200
Charge for year 1,167 - 343 1,510
At 30 November 2023 30,561 93,899 10,250 134,710
NET BOOK VALUE
At 30 November 2023 875 - - 875
At 30 November 2022 2,042 - 343 2,385

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 6
NET BOOK VALUE
At 30 November 2023 6
At 30 November 2022 6

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,639,671
Additions 358,898
At 30 November 2023 1,998,569
NET BOOK VALUE
At 30 November 2023 1,998,569
At 30 November 2022 1,639,671

In the opinion of the directors, there has been no material increase in the fair value of the company's investment properties since acquisition.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,103 802
Other debtors 326,895 78,013
353,998 78,815

Medicorum Limited (Registered number: 07443646)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,373 -
Trade creditors 57,188 16,767
Taxation and social security 13,344 13,009
Other creditors 34,500 14,766
107,405 44,542

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £47,667.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
I R Pinches and Dr S J Pinches
Balance outstanding at start of year - -
Amounts advanced 205,598 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 205,598 -

The loan to directors was repaid in full on 23 August 2024.