Marren Healthcare Ltd 13813237 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of referral agent for rehabilitation centres Digita Accounts Production Advanced 6.30.9574.0 true true 13813237 2023-01-01 2023-12-31 13813237 2023-12-31 13813237 bus:OrdinaryShareClass1 2023-12-31 13813237 core:RetainedEarningsAccumulatedLosses 2023-12-31 13813237 core:ShareCapital 2023-12-31 13813237 core:CurrentFinancialInstruments 2023-12-31 13813237 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13813237 core:OtherResidualIntangibleAssets 2023-12-31 13813237 core:FurnitureFittingsToolsEquipment 2023-12-31 13813237 bus:SmallEntities 2023-01-01 2023-12-31 13813237 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13813237 bus:FullAccounts 2023-01-01 2023-12-31 13813237 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13813237 bus:RegisteredOffice 2023-01-01 2023-12-31 13813237 bus:Director1 2023-01-01 2023-12-31 13813237 bus:Director2 2023-01-01 2023-12-31 13813237 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13813237 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13813237 bus:Agent1 2023-01-01 2023-12-31 13813237 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13813237 core:ShareCapital 2023-01-01 2023-12-31 13813237 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 13813237 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 13813237 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13813237 core:OfficeEquipment 2023-01-01 2023-12-31 13813237 core:OtherRelatedParties 2023-01-01 2023-12-31 13813237 countries:EnglandWales 2023-01-01 2023-12-31 13813237 dpl:AdministrativeExpenses 2023-01-01 2023-12-31 13813237 2022-12-31 13813237 core:RetainedEarningsAccumulatedLosses 2022-12-31 13813237 core:ShareCapital 2022-12-31 13813237 core:OtherResidualIntangibleAssets 2022-12-31 13813237 core:FurnitureFittingsToolsEquipment 2022-12-31 13813237 2021-12-22 2022-12-31 13813237 2022-12-31 13813237 bus:OrdinaryShareClass1 2022-12-31 13813237 core:CurrentFinancialInstruments 2022-12-31 13813237 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13813237 core:OtherResidualIntangibleAssets 2022-12-31 13813237 core:FurnitureFittingsToolsEquipment 2022-12-31 13813237 core:RetainedEarningsAccumulatedLosses 2021-12-22 2022-12-31 13813237 core:ShareCapital 2021-12-22 2022-12-31 13813237 core:PreviouslyStatedAmount 2021-12-22 2022-12-31 13813237 dpl:AdministrativeExpenses 2021-12-22 2022-12-31 13813237 2021-12-21 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13813237

Marren Healthcare Ltd

trading as Compare Rehab

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Marren Healthcare Ltd

trading as Compare Rehab

Contents

Company Information

1

Directors' Report

2

Statement of Directors' Responsibilities

3

Accountants' Report

4

Profit and Loss Account

5

Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Financial Statements

9 to 15

iXBRL Detailed Profit and Loss Account

16

 

Marren Healthcare Ltd

trading as Compare Rehab

Company Information

Directors

Mr Darren Kelly Rolfe

Mr Michael Alfred Garnham

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Accountants

Aventus Partners Limited
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Marren Healthcare Ltd

trading as Compare Rehab

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Darren Kelly Rolfe

Mr Michael Alfred Garnham

Principal activity

The principal activity of the company is that of referral agent for rehabilitation centres

Going concern

The company is dependent on continuing finance being made available from the directors to enable it to continue operating and to meet its debts as they fall due. The directors believes it is therefore appropriate to prepare the financial statements on a going concern

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the Board on 28 September 2024 and signed on its behalf by:

.........................................
Mr Michael Alfred Garnham
Director

 

Marren Healthcare Ltd

trading as Compare Rehab

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Marren Healthcare Ltd

trading as Compare Rehab
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marren Healthcare Ltd for the year ended 31 December 2023 as set out on pages 5 to 15 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Marren Healthcare Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marren Healthcare Ltd and state those matters that we have agreed to state to the Board of Directors of Marren Healthcare Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marren Healthcare Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marren Healthcare Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Marren Healthcare Ltd. You consider that Marren Healthcare Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Marren Healthcare Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

............................................................................

Aventus Partners Limited
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

28 September 2024

 

Marren Healthcare Ltd

trading as Compare Rehab

Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Turnover

 

12,516

6,562

Administrative expenses

 

(31,324)

(27,576)

Operating loss

 

(18,808)

(21,014)

Loss before tax

4

(18,808)

(21,014)

Loss for the financial year

 

(18,808)

(21,014)

 

Marren Healthcare Ltd

trading as Compare Rehab

(Registration number: 13813237)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

56,067

70,004

Tangible assets

6

969

1,272

 

57,036

71,276

Current assets

 

Debtors

7

100

-

Cash at bank and in hand

 

1,326

338

 

1,426

338

Creditors: Amounts falling due within one year

8

(98,184)

(92,528)

Net current liabilities

 

(96,758)

(92,190)

Net liabilities

 

(39,722)

(20,914)

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

(39,822)

(21,014)

Shareholders' deficit

 

(39,722)

(20,914)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Marren Healthcare Ltd

trading as Compare Rehab

(Registration number: 13813237)
Balance Sheet as at 31 December 2023 (continued)

The financial statements were approved and authorised for issue by the Board on 28 September 2024 and signed on its behalf by:
 

.........................................
Mr Michael Alfred Garnham
Director

   
     
 

Marren Healthcare Ltd

trading as Compare Rehab

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

Loss for the year

-

(21,014)

(21,014)

New share capital subscribed

100

-

100

At 31 December 2022

100

(21,014)

(20,914)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

100

(21,014)

(20,914)

Loss for the year

-

(18,808)

(18,808)

At 31 December 2023

100

(39,822)

(39,722)

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the Board on 28 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

The company is dependent on continuing finance being made available from the directors to enable it to continue operating and to meet its debts as they fall due. The directors believes it is therefore appropriate to prepare the financial statements on a going concern

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website delopment

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.


 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 2 (2022: 2).

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

303

243

Amortisation expense

15,538

6,219

5

Intangible assets

Website development
 £

Cost

At 1 January 2023

76,223

Additions acquired separately

1,600

At 31 December 2023

77,823

Amortisation

At 1 January 2023

6,219

Amortisation charge

15,537

At 31 December 2023

21,756

Carrying amount

At 31 December 2023

56,067

At 31 December 2022

70,004

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 January 2023

1,515

1,515

At 31 December 2023

1,515

1,515

Depreciation

At 1 January 2023

243

243

Charge for the year

303

303

At 31 December 2023

546

546

Carrying amount

At 31 December 2023

969

969

At 31 December 2022

1,272

1,272

7

Debtors

2023
£

2022
£

Prepayments

100

-

100

-

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

42

Taxation and social security

 

597

259

Accruals and deferred income

 

-

1,325

Other creditors

10

50,415

45,916

Directors current account

 

47,172

44,986

 

98,184

92,528

9

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Related party transactions

Summary of transactions with other related parties


At the balance sheet date the company owed £49,915.26 (2022: £45,916) to Steps Together Rehab (Leicester) Limited, a company incorporated in England and Wales and in which the director, Mr Mr Darren Kelly Rolfe is also director and shareholder.

At the balance sheet date the company owed £500 (2022: £Nil) to Lamm Property Holdings limited, a company incorporated in England and Wales and in which the director, Mr Michael Aifred Garnham is also director and shareholder.

 

 

Marren Healthcare Ltd

trading as Compare Rehab

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

2022
£

Turnover/revenue

12,516

6,562

Cost of sales

Opening stock/inventories

-

-

Closing stock/inventories

-

-

Gross profit

12,516

6,562

Distribution costs

Administrative expenses

Audit and accountancy other services

(1,500)

(3,473)

Advertising, promotions and marketing costs

(7,200)

(199)

Rent, rates and services costs

(190)

-

Depreciation of Fixed assets

(303)

(243)

Amortisation of intangible assets

(15,538)

(6,219)

Consultancy costs

(1,712)

(14,642)

Travel and subsistence

(50)

(45)

Legal and professional costs

(1,496)

(870)

Bank charges

(68)

-

IT and computing

(845)

(555)

Telecommunications

(501)

(417)

Subscriptions

(1,921)

(913)

Other operating income

Other items

Loss for the financial year

(18,808)

(21,014)