Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2022 1 January 2022 false 12 November 2024 1 January 2023 31 December 2023 31 December 2023 04021383 Mr Giulio Amore Mr Michael Clayton Mr Neil Harris Mr Julio Espinoza Mr Kevan Gogay true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04021383 2022-12-31 04021383 2023-12-31 04021383 2023-01-01 2023-12-31 04021383 frs-core:CurrentFinancialInstruments 2023-12-31 04021383 frs-core:ShareCapital 2023-12-31 04021383 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04021383 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04021383 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04021383 frs-bus:SmallEntities 2023-01-01 2023-12-31 04021383 frs-bus:Audited 2023-01-01 2023-12-31 04021383 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04021383 1 2023-01-01 2023-12-31 04021383 frs-bus:Director1 2023-01-01 2023-12-31 04021383 frs-bus:Director2 2023-01-01 2023-12-31 04021383 frs-bus:Director3 2023-01-01 2023-12-31 04021383 frs-bus:Director4 2023-01-01 2023-12-31 04021383 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04021383 frs-countries:EnglandWales 2023-01-01 2023-12-31 04021383 2021-12-31 04021383 2022-12-31 04021383 2022-01-01 2022-12-31 04021383 frs-core:CurrentFinancialInstruments 2022-12-31 04021383 frs-core:ShareCapital 2022-12-31 04021383 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04021383
Gynocare Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04021383
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 208 208
Cash at bank and in hand 100,067 114,922
100,275 115,130
Creditors: Amounts Falling Due Within One Year 5 (10,300 ) (9,630 )
NET CURRENT ASSETS (LIABILITIES) 89,975 105,500
TOTAL ASSETS LESS CURRENT LIABILITIES 89,975 105,500
NET ASSETS 89,975 105,500
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 89,973 105,498
SHAREHOLDERS' FUNDS 89,975 105,500
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Julio Espinoza
Director
11th November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gynocare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04021383 . The registered office is Abbott Uk Abbott House , Vanwall Business Park, Vanwall Road, Maidenhead , Berkshire, SL6 4XE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Although the company has a positive balance sheet and a net cumulative profit and loss reserves carried forward, the company did not trade in the current as well in the previous financial year.
In April 2023, the ultimate controlling party proposed to liquidate the company and the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements in the foreseeable future. The financial statements have therefore been prepared on a ''break-up basis'' which resulted in no material difference.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into the sterling at the rate ruling on the date of the transaction and are rounded to the nearest sterling amount. Exchange differences are taken into account in arriving at the operating profit.
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 208 208
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 10,300 9,630
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 2
Page 3
7. Related Party Transactions
At 31 December 2023 an amount of £208 (2022: £208) was receivable from the former principal,now part of Abbott Operations Uruguay S.R.L.
As per the forgiveness agreement between Abbott Operations Uruguay S.R.L and Gynocare Limited dated 24 October 2022, all previous amounts due  between the two parties, other than the current balance as per above,  were extinguished
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
9. Ultimate Controlling Party
Gynocare Limited is wholly owned by Abbott Laboratories (Chile) Holdco SpA, a company registered in Chile. The company's ultimate controlling party is Abbott Laboratories, a company registered in Illinois in USA whose address is 100 Abbott Park Road, Abbott Road,Illinois, 60064, USA.
10. Audit Information
The auditors report on the account of Gynocare Limited for the year ended 31 December 2023 was unqualified
The auditors emphasised the following matter without qualifying their report:
We draw your attention to note 2.2 of the financial statements relating to the going concern disclosure which is explained by the proposal in April 2023 by the Ultimate Controlling Party to liquidate the company as it is inactive and the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements in the foreseeable future. Accordingly, the financial statements have been prepared on a basis other than the going concern. Our opinion is not modified in respect of this matter.  
The auditor's report was signed by M.E Amiraly FCCA ACA (Senior Statutory Auditor) for and on behalf of Craymers, Chartered Certified Accountants and Statutory Auditors , Statutory Auditor
Craymers, Chartered Certified Accountants and Statutory Auditors
Olympic House
28-42 Clements Road
Ilford
Essex
IG1 1BA
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