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REGISTERED NUMBER: 09528497 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Context Health Limited

Context Health Limited (Registered number: 09528497)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Context Health Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R Thilagarajah





REGISTERED OFFICE: The Old Chapel
33 Church Street
Coggeshall
Colchester
Essex
CO6 1TX





REGISTERED NUMBER: 09528497 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Context Health Limited (Registered number: 09528497)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,209 7,565
Investments 5 100 100
17,309 7,665

CURRENT ASSETS
Debtors 6 376,751 1,274,587
Cash at bank 6,088 9,274
382,839 1,283,861
CREDITORS
Amounts falling due within one year 7 (1,259,310 ) (1,586,288 )
NET CURRENT LIABILITIES (876,471 ) (302,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(859,162

)

(294,762

)

CAPITAL AND RESERVES
Called up share capital 796 796
Capital redemption reserve 8 629 629
Retained earnings 8 (860,587 ) (296,187 )
SHAREHOLDERS' FUNDS (859,162 ) (294,762 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Context Health Limited (Registered number: 09528497)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2024 and were signed by:





R Thilagarajah - Director


Context Health Limited (Registered number: 09528497)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Context Health 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Context Health Limited (Registered number: 09528497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Context Health Limited (Registered number: 09528497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Dividend
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 14,026
Additions 13,009
At 31 March 2024 27,035
DEPRECIATION
At 1 April 2023 6,461
Charge for year 3,365
At 31 March 2024 9,826
NET BOOK VALUE
At 31 March 2024 17,209
At 31 March 2023 7,565

Context Health Limited (Registered number: 09528497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 11,308 882,176
VAT 15,443 7,411
Prepayments and accrued income 350,000 385,000
376,751 1,274,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 349 287
Amounts owed to group undertakings 17,874 22,641
Taxation and social security 401 401
Other creditors 1,240,686 1,562,959
1,259,310 1,586,288

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 (296,187 ) 629 (295,558 )
Deficit for the year (564,400 ) (564,400 )
At 31 March 2024 (860,587 ) 629 (859,958 )

Context Health Limited (Registered number: 09528497)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. RELATED PARTY DISCLOSURES

As at 31 March 2024, £nil (2023: £878,176) was owed from companies controlled by key management personnel. The loan is interest free, repayable on demand and included in other debtors.

As at 31 March 2024, £1,215,469 (2023: £1,542,509) was owed to companies controlled by key management personnel. The loans are interest free, repayable on demand and included in other creditors.

As at 31 March 2024, £30,000 (2023: £30,000) was owed to individuals connected to key management personnel. The loans are interest free, repayable on demand and included in other creditors.

During the period under review, clinical services totalling £350,000 (2023: £385,000) were charged to a company controlled by key management personnel, which are included within prepayments and accrued income at the period end.