Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activitytruefalse2023-04-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08913129 2023-04-01 2024-03-31 08913129 2022-04-01 2023-03-31 08913129 2024-03-31 08913129 2023-03-31 08913129 c:Director3 2023-04-01 2024-03-31 08913129 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 08913129 d:OfficeEquipment 2023-04-01 2024-03-31 08913129 d:OfficeEquipment 2024-03-31 08913129 d:OfficeEquipment 2023-03-31 08913129 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08913129 d:FreeholdInvestmentProperty 2024-03-31 08913129 d:FreeholdInvestmentProperty 2023-03-31 08913129 d:CurrentFinancialInstruments 2024-03-31 08913129 d:CurrentFinancialInstruments 2023-03-31 08913129 d:Non-currentFinancialInstruments 2024-03-31 08913129 d:Non-currentFinancialInstruments 2023-03-31 08913129 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08913129 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08913129 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08913129 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08913129 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08913129 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08913129 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08913129 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08913129 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 08913129 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 08913129 d:ShareCapital 2024-03-31 08913129 d:ShareCapital 2023-03-31 08913129 d:RetainedEarningsAccumulatedLosses 2024-03-31 08913129 d:RetainedEarningsAccumulatedLosses 2023-03-31 08913129 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08913129 c:OrdinaryShareClass1 2024-03-31 08913129 c:OrdinaryShareClass1 2023-03-31 08913129 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08913129 c:OrdinaryShareClass2 2024-03-31 08913129 c:OrdinaryShareClass2 2023-03-31 08913129 c:OrdinaryShareClass3 2023-04-01 2024-03-31 08913129 c:OrdinaryShareClass3 2024-03-31 08913129 c:OrdinaryShareClass3 2023-03-31 08913129 c:OrdinaryShareClass4 2023-04-01 2024-03-31 08913129 c:OrdinaryShareClass4 2024-03-31 08913129 c:OrdinaryShareClass4 2023-03-31 08913129 c:FRS102 2023-04-01 2024-03-31 08913129 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08913129 c:FullAccounts 2023-04-01 2024-03-31 08913129 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08913129 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08913129 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08913129 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 08913129 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08913129 d:OtherDeferredTax 2024-03-31 08913129 d:OtherDeferredTax 2023-03-31 08913129 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08913129









RUBRIC HEALTH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
RUBRIC HEALTH LIMITED
REGISTERED NUMBER: 08913129

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
142
214

Investment property
 5 
1,428,565
1,428,565

  
1,428,707
1,428,779

Current assets
  

Debtors: amounts falling due within one year
 6 
62,395
108,395

Cash at bank and in hand
  
104,470
78,217

  
166,865
186,612

Creditors: amounts falling due within one year
 7 
(398,225)
(390,801)

Net current liabilities
  
 
 
(231,360)
 
 
(204,189)

Total assets less current liabilities
  
1,197,347
1,224,590

Creditors: amounts falling due after more than one year
 8 
(675,687)
(695,939)

Provisions for liabilities
  

Deferred tax
 10 
(98,561)
(99,813)

  
 
 
(98,561)
 
 
(99,813)

Net assets
  
423,099
428,838


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
422,999
428,738

  
423,099
428,838


Page 1

 
RUBRIC HEALTH LIMITED
REGISTERED NUMBER: 08913129
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 income and retained earnings 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 on 6 January 2025.




Rahul Sahay
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 08913129.  The Company's registered office is Yew Tree House, 37 Charlemont Road, Walsall,West Midlands, United Kingdom, WS5 3NQ.              
                                       
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Office equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

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 4 (2023 - 4).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
356



At 31 March 2024

356



Depreciation


At 1 April 2023
143


Charge for the year on owned assets
71



At 31 March 2024

214



Net book value



At 31 March 2024
142



At 31 March 2023
214

Page 6

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,428,565



At 31 March 2024
1,428,565

The 2024 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Other debtors
62,395
108,395

62,395
108,395



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,402
28,402

Corporation tax
-
10,269

Other creditors
368,209
348,956

Accruals and deferred income
1,614
3,174

398,225
390,801


Page 7

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
675,687
695,939

675,687
695,939


The following liabilities were secured:

2024
2023
£
£



Bank loans
673,653
689,381

673,653
689,381

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed and floating charges.

Page 8

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
28,402
28,402


28,402
28,402

Amounts falling due 1-2 years

Other loans
28,402
28,402


28,402
28,402

Amounts falling due 2-5 years

Other loans
85,207
85,207


85,207
85,207

Amounts falling due after more than 5 years

Other loans
562,078
582,330

562,078
582,330

704,089
724,341



10.


Deferred taxation




2024


£






At beginning of year
(99,813)


Charged to profit or loss
1,252



At end of year
(98,561)

Page 9

 
RUBRIC HEALTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(27)
(41)

Tax losses carried forward
1,238
-

Fair value movements
(99,773)
(99,772)

(98,562)
(99,813)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary A Shares share of £25.00
25
25
1 (2023 - 1) Ordinary B Shares share of £25.00
25
25
1 (2023 - 1) Ordinary C Shares share of £25.00
25
25
1 (2023 - 1) Ordinary D Shares share of £25.00
25
25

100

100



12.


Related party transactions

As at the balance sheet date £276,833 (2023: £277,579) was due to the directors. The loans are interest free and repayable on demand.

 
Page 10