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REGISTERED NUMBER: 05506954 (England and Wales)












Financial Statements

For The Year Ended 31 December 2023

for

HIMSS UK LTD

HIMSS UK LTD (Registered number: 05506954)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HIMSS UK LTD

Company Information
For The Year Ended 31 December 2023







DIRECTORS: Healthcare Information and Management Systems Society
H Wolf



REGISTERED OFFICE: 6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED



REGISTERED NUMBER: 05506954 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Christopher Holder BA BFF FCA



AUDITORS: Xeinadin Audit Limited
I2 Mansfield Office Suite 0.3
Hamilton Court
Mansfield
Nottinghamshire
NG18 5FB

HIMSS UK LTD (Registered number: 05506954)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,206 21,019

CURRENT ASSETS
Debtors 5 646,543 822,194
Cash at bank and in hand 15,524 15,888
662,067 838,082
CREDITORS
Amounts falling due within one year 103,721 435,592
NET CURRENT ASSETS 558,346 402,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,552

423,509

CREDITORS
Amounts falling due after more than one
year

(2,051,016

)

(1,880,333

)

PROVISIONS FOR LIABILITIES (5,247 ) (4,883 )
NET LIABILITIES (1,475,711 ) (1,461,707 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,475,811 ) (1,461,807 )
SHAREHOLDERS' FUNDS (1,475,711 ) (1,461,707 )

HIMSS UK LTD (Registered number: 05506954)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





H Wolf - Director


HIMSS UK LTD (Registered number: 05506954)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

HIMSS UK LTD 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 accounts have been prepared on the going concern basis of accounting. The company is considered to be a going concern with the support of its parent, Healthcare Information and Management Systems Society.

Turnover
Turnover represents amounts receivable for services performed and products sold in the period, net of value added tax.

Consultancy recharges
Included within other operating income is consultancy recharge income. This is a recharge, on a cost plus 2% basis, of all costs incurred except amortisation and those directly attributed to event sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 25% on reducing balance

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.


HIMSS UK LTD (Registered number: 05506954)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 12 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 83,067
Additions 8,588
At 31 December 2023 91,655
DEPRECIATION
At 1 January 2023 62,048
Charge for year 7,401
At 31 December 2023 69,449
NET BOOK VALUE
At 31 December 2023 22,206
At 31 December 2022 21,019

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 630,979 726,002

HIMSS UK LTD (Registered number: 05506954)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Holder BA BFF FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

7. OTHER FINANCIAL COMMITMENTS

At 31 December 2023 the company has outstanding commitments under operating leases of Nil (2022 - £23,484).

8. GOING CONCERN : MATERIAL UNCERTAINTY

The company is reporting net liabilities of £1,475,711 on its balance sheet as at 31 December 2023.

The company is able to continue trading with the support of its parent organization HIMSS, which is based in the USA. HIMSS has continued to provide financial support to the company since the end of the financial period and has indicated its willingness to continue to do so going forward.

The issue causing uncertainty is the ability of HIMSS to carry out this required support. HIMSS had reported significant losses for 31 December 2021 which was borne out of covid-19 hugely affecting operations. The company is yet to sign off its 31 December 2022 and 2023 accounts, but draft figures show an improved position from that of 31 December 2021.

In undertaking their going concern review, the director has considered both the impact of future profitability of the company and the ability of the parent organization to offer support. The company is an integral part of the group, and its current business model will ensure that it will always be around a breakeven profit position each year, but this will not be sufficient to clear the net liabilities on its balance sheet in the short term, so continued support will be required. The financial position of the parent organization, as noted above is what is causing the uncertainty.

In August 2023, HIMMS entered into a partnership with Informa Markets in respect of its Global Health Conference and Exhibition business. This greatly improved the financial position of the organization. This, along with the companies post 31 December 2023 trade position has led the board of directors of HIMSS to conclude that they have adequate resources to continue to support the company for at least 12 months from the date of approval of the annual report and accounts. On this basis, the director of the company continues to adopt the going concern basis in preparing these accounts. Accordingly, these accounts do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company was unable to continue as a going concern.

9. PARENT COMPANY

The parent company of the smallest group that draws up consolidated financial statements which include the results for HIMSS UK Limited is HIMSS - Healthcare Information and Management Systems Society, whose registered office is at 801 Adlai Stevenson Drive, Springfield, Illinois , 62703-4261, Sangamon, USA.