Company Registration No. 13208350 (England and Wales)
APG Healthcare East Africa Limited
Unaudited accounts
for the year ended 31 December 2023
APG Healthcare East Africa Limited
Unaudited accounts
Contents
APG Healthcare East Africa Limited
Company Information
for the year ended 31 December 2023
Directors
JAIMAL INDER SINGH SHERGILL
NIKHIL RANJAN SENGUPTA
Company Number
13208350 (England and Wales)
Registered Office
311 REGENTS PARK ROAD
LONDON
N3 1DP
ENGLAND
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
APG Healthcare East Africa Limited
Statement of financial position
as at 31 December 2023
Intangible assets
2,169,600
2,169,600
Investments
72,320,687
72,320,000
Cash at bank and in hand
729,046
115
Creditors: amounts falling due within one year
(2,406,259)
(242,728)
Net current assets
71,946,193
72,077,387
Net assets
74,115,793
74,246,987
Called up share capital
74,489,700
74,489,700
Profit and loss account
(373,907)
(242,713)
Shareholders' funds
74,115,793
74,246,987
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by
JAIMAL INDER SINGH SHERGILL
Director
Company Registration No. 13208350
APG Healthcare East Africa Limited
Notes to the Accounts
for the year ended 31 December 2023
APG Healthcare East Africa Limited is a private company, limited by shares, registered in England and Wales, registration number 13208350. The registered office is 311 REGENTS PARK ROAD, LONDON, N3 1DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 January 2023
2,169,600
At 31 December 2023
2,169,600
At 31 December 2023
2,169,600
At 31 December 2022
2,169,600
Amounts falling due within one year
Amounts due from group undertakings etc.
1,302,719
-
APG Healthcare East Africa Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Investments held as current assets
2023
2022
Unlisted investments
72,320,687
72,320,000
The Callable Securities held by APG Healthcare East Africa Limited are liquid investments held in an Open-Ended Fund (Class Series B) with Nextwave Capital Limited (the “Fund”), registered in the Cayman Islands. The underlying investments of the Fund in Class Series B are money-market instruments, and the investment is redeemable in full or in part by APG Healthcare East Africa Limited at the end of every calendar month. A monthly statement of Net Asset Value will be made available from the Fund to APG Healthcare East Africa Limited.
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
204,185
214,670
Amounts owed to group undertakings and other participating interests
2,201,905
27,352
Loans from directors
169
176
8
Transactions with related parties
At the balance sheet date the company owed the director £176 (2022: £14464).
The company also owes £27352 to APG Healthcare Holdings Limited.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).