Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.152023-01-01falseNo description of principal activity9truefalse 10271714 2023-01-01 2023-12-31 10271714 2022-01-01 2022-12-31 10271714 2023-12-31 10271714 2022-12-31 10271714 c:Director1 2023-01-01 2023-12-31 10271714 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 10271714 d:Buildings d:ShortLeaseholdAssets 2023-12-31 10271714 d:Buildings d:ShortLeaseholdAssets 2022-12-31 10271714 d:ComputerEquipment 2023-01-01 2023-12-31 10271714 d:ComputerEquipment 2023-12-31 10271714 d:ComputerEquipment 2022-12-31 10271714 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10271714 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10271714 d:CurrentFinancialInstruments 2023-12-31 10271714 d:CurrentFinancialInstruments 2022-12-31 10271714 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10271714 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10271714 d:RetainedEarningsAccumulatedLosses 2023-12-31 10271714 d:RetainedEarningsAccumulatedLosses 2022-12-31 10271714 c:FRS102 2023-01-01 2023-12-31 10271714 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10271714 c:FullAccounts 2023-01-01 2023-12-31 10271714 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 10271714 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10271714 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10271714 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 10271714









OPTIMUM PATIENT CARE LIMITED
(A Company Limited by Guarantee)

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
OPTIMUM PATIENT CARE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 10271714

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
25,271
23,769

  
25,271
23,769

Current assets
  

Debtors: amounts falling due within one year
 6 
414,927
258,737

Cash at bank and in hand
 7 
62,201
311,603

  
477,128
570,340

Creditors: amounts falling due within one year
 8 
(504,130)
(567,076)

Net current (liabilities)/assets
  
 
 
(27,002)
 
 
3,264

Total assets less current liabilities
  
(1,731)
27,033

Provisions for liabilities
  

Deferred tax
 9 
-
(3,560)

  
 
 
-
 
 
(3,560)

Net (liabilities)/assets
  
(1,731)
23,473


Capital and reserves
  

Profit and loss account
  
(1,731)
23,473

  
(1,731)
23,473


Page 1

 
OPTIMUM PATIENT CARE LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 10271714

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 19 September 2024.




Professor D B Price
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

1.


General information

Optimum Patient Care Limited is a private company limited by guarantee of £1 per member. The company was incorporated in England and Wales under the Companies Act in July 2016, with a company registration number of 10271714. The address of the registered office is 5 Coles Lane, Oakington, Cambridge, CB24 3BA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern despite the net current liabilities of £27,002 at 31 December 2023. Due to the continued support of the parent company and directors the financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.
In forming their decision on going concern the directors have considered a period of no less than 12 months from the date of accounts approval and have confirmed they expect the company to return a profit for the next 12 months. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the company's borrowings.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
25 years straight line basis
Computer equipment
-
3 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 5

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 9).


4.


Factors affecting future tax charges

The company has tax losses carried forward of £20,344 (2022 £Nil) availabe for set-off against future trading profits.

Page 6

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

5.


Tangible fixed assets





Short-term leasehold property improvement
Computer equipment
Total

£
£
£



Cost


At 1 January 2023
12,803
50,483
63,286


Additions
-
16,516
16,516


Disposals
-
(3,417)
(3,417)



At 31 December 2023

12,803
63,582
76,385



Depreciation


At 1 January 2023
1,329
38,188
39,517


Charge for the year on owned assets
510
12,225
12,735


Disposals
-
(1,138)
(1,138)



At 31 December 2023

1,839
49,275
51,114



Net book value



At 31 December 2023
10,964
14,307
25,271



At 31 December 2022
11,474
12,295
23,769


6.


Debtors

2023
2022
£
£


Trade debtors
148,807
254,272

Amounts owed by associated companies
262,322
-

Prepayments
2,360
4,465

Tax recoverable
1,438
-

414,927
258,737


Page 7

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
62,201
311,603



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
36,460
23,930

Amounts owed to associated companies
122,217
213,431

Corporation tax
-
1,438

Other taxation and social security
28,563
22,487

Other creditors
312,791
302,801

Accruals
4,099
2,989

504,130
567,076



9.


Deferred taxation




2023


£






At beginning of year
3,560


Charged to profit or loss
(3,560)



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
3,560



10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 8

 
OPTIMUM PATIENT CARE LIMITED

(A Company Limited by Guarantee)
 

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

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,325 (2022 - £3,885). Contributions totalling £1,999 (2022 £989) were payable to the fund at the balance sheet date and are included in creditors.


Page 9