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Registered number: 09042695










ASSURE CONSULTING (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ASSURE CONSULTING (HOLDINGS) LIMITED
REGISTERED NUMBER: 09042695

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
116
60,100

Current assets
  

Debtors: amounts falling due within one year
 5 
37,401
1,382,874

Cash at bank and in hand
 6 
1,479
3,679,255

  
38,880
5,062,129

Creditors: amounts falling due within one year
 7 
(8,030)
(8,266)

Net current assets
  
 
 
30,850
 
 
5,053,863

  

Net assets
  
30,966
5,113,963


Capital and reserves
  

Called up share capital 
 8 
335
100

Profit and loss account
  
30,631
5,113,863

  
30,966
5,113,963


Page 1

 
ASSURE CONSULTING (HOLDINGS) LIMITED
REGISTERED NUMBER: 09042695
    
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 statement of comprehensive income 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 by: 




................................................
Lee Mason
Director

Date: 7 November 2024


The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
ASSURE CONSULTING (HOLDINGS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
5,173,129
5,173,229


Comprehensive income for the year

Profit for the year
-
458,734
458,734


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
458,734
458,734


Contributions by and distributions to owners

Dividends: Equity capital
-
(518,000)
(518,000)


Total transactions with owners
-
(518,000)
(518,000)



At 1 January 2023
100
5,113,863
5,113,963


Comprehensive income for the year

Loss for the year
-
(42,633)
(42,633)
Total comprehensive income for the year
-
(42,633)
(42,633)


Contributions to Employee Ownership Trust

Contributions paid to Employee Ownership Trust
-
(5,040,599)
(5,040,599)

Shares issued during the year
235
-
235


Total transactions with owners
235
(5,040,599)
(5,040,364)


At 31 December 2023
335
30,631
30,966


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ASSURE CONSULTING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Assure Consulting (Holdings) Limited is a private limited company, incorporated in England and Wales.
The registered office is Moorgate House, Silbury Boulevard, Milton Keynes, MK9 1LZ.
The principal place of business is Princeton Court, The Pilgrim Centre, Brickhill Drive, Bedford, 
MK41 7PZ.
 

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

Turnover

The turnover shown in the Statement of Income and Retained Earnings represents amounts due in respect of management charges during the year, exclusive of Value Added Tax.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP rounded to the nearest £1.

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
ASSURE CONSULTING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
ASSURE CONSULTING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
100
60,000
60,100


Additions
16
5,230
5,246


Disposals
-
(25,000)
(25,000)



At 31 December 2023

116
40,230
40,346



Impairment


Charge for the period
-
40,230
40,230



At 31 December 2023

-
40,230
40,230



Net book value



At 31 December 2023
116
-
116



At 31 December 2022
100
60,000
60,100


5.


Debtors

2023
2022
£
£


Amounts owed by group companies
-
2,704

Other debtors
37,401
1,380,170

37,401
1,382,874



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,479
3,679,255


Page 6

 
ASSURE CONSULTING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
6,030
-

Corporation tax
-
6,506

Accruals and deferred income
2,000
1,760

8,030
8,266


Page 7

 
ASSURE CONSULTING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100
5 (2022 - ) Ordinary C shares of £1.00 each
5
-
200 (2022 - ) Ordinary B shares of £1.00 each
200
-
30 (2022 - ) Ordinary P shares of £1.00 each
30
-

335

100


On 28 February 2023 an ordinary resolution was passed to authorise to allot shares in the Company up to an aggregate nominal amount of £235. The new allotment will be 5 C ordinary shares, 200 B Ordinary shares and 30 P Ordinary shares of £1 each.


9.


Related party transactions

During the year dividends totalling £- (2022 - £518,000) were paid to the Directors.
At the year end there was an intercompany balance outstanding to Assure Consulting (Bedford) Limited, the subsidiary company of £6,030 (2022 -  £2,704 owing from).
Dividends received from the subsidiary company Assure Consulting (Bedford) Limited amounted to £- (2022 - £431,000).
Intercompany management charges of £- (2022 - £35,000) were receivable from Assure Consulting (Bedford) Limited during the year. 
At the year end there was a balance of £- (2022 - £1,325,000) due from Mason Enterprises Limited, a company under common control.
At the year end there was a balance of £37,401 (2022 - £54,000) due from from the Directors. Total accrued interest on this balance at 31 December 2023 amounted to £nil (2022 - £1,170).
During the year the company made contributions totalling £5,040,599 to Assure Consulting EOT Limited.

 
Page 8