Registered number: 09042695
ASSURE CONSULTING (HOLDINGS) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023
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ASSURE CONSULTING (HOLDINGS) LIMITED
REGISTERED NUMBER: 09042695
BALANCE SHEET
AS AT 31 DECEMBER 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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:
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Lee Mason
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The notes on pages 4 to 8 form part of these financial statements.
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ASSURE CONSULTING (HOLDINGS) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
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Comprehensive income for the year
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Other comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Dividends: Equity capital
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Total transactions with owners
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions to Employee Ownership Trust
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Contributions paid to Employee Ownership Trust
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Shares issued during the year
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Total transactions with owners
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The notes on pages 4 to 8 form part of these financial statements.
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ASSURE CONSULTING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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
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Basis of preparation of financial statements
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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:
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.
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Foreign currency translation
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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.
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.
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ASSURE CONSULTING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.Accounting policies (continued)
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.
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Cash and cash equivalents
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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.
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.
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.
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.
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The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
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ASSURE CONSULTING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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Investments in subsidiary companies
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Amounts owed by group companies
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Cash and cash equivalents
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ASSURE CONSULTING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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ASSURE CONSULTING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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Allotted, called up and fully paid
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100 (2022 - 100) Ordinary shares of £1.00 each
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5 (2022 - ) Ordinary C shares of £1.00 each
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200 (2022 - ) Ordinary B shares of £1.00 each
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30 (2022 - ) Ordinary P shares of £1.00 each
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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.
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Related party transactions
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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.
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