Company registration number 12077569 (England and Wales)
CURIS HEALTHCARE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CURIS HEALTHCARE INVESTMENTS LIMITED
COMPANY INFORMATION
Director
M Lester
Secretary
M Lester
Company number
12077569
Registered office
71-75 Shelton Street
London
WC2H 9JQ
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
CURIS HEALTHCARE INVESTMENTS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
CURIS HEALTHCARE INVESTMENTS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CURIS HEALTHCARE INVESTMENTS LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Curis Healthcare Investments Limited for the year ended 31 December 2023 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Curis Healthcare Investments Limited, as a body, in accordance with the terms of our engagement letter dated 16 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Curis Healthcare Investments Limited and state those matters that we have agreed to state to the board of directors of Curis Healthcare Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Curis Healthcare Investments Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Curis Healthcare Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Curis Healthcare Investments Limited. You consider that Curis Healthcare Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Curis Healthcare Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
19 December 2024
CURIS HEALTHCARE INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
218,643
229,326
Current assets
Stocks
4
230,489
230,489
Debtors
5
214,785
119,787
Cash at bank and in hand
2,124
18,211
447,398
368,487
Creditors: amounts falling due within one year
6
(1,235,999)
(893,014)
Net current liabilities
(788,601)
(524,527)
Net liabilities
(569,958)
(295,201)
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
(570,958)
(296,201)
Total equity
(569,958)
(295,201)
CURIS HEALTHCARE INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 December 2024
M Lester
Director
Company registration number 12077569 (England and Wales)
CURIS HEALTHCARE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information
Curis Healthcare Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate support from it's subsidiary companies to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Improvements to property
25% on cost
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
CURIS HEALTHCARE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
3
Tangible fixed assets
Improvements to property
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2023
249,023
3,487
507
253,017
Additions
7,412
7,412
At 31 December 2023
256,435
3,487
507
260,429
Depreciation and impairment
At 1 January 2023
22,136
1,301
254
23,691
Depreciation charged in the year
17,096
872
127
18,095
At 31 December 2023
39,232
2,173
381
41,786
Carrying amount
At 31 December 2023
217,203
1,314
126
218,643
At 31 December 2022
226,887
2,186
253
229,326
CURIS HEALTHCARE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
4
Inventories
2023
2022
£
£
Stocks
230,489
230,489
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
23,721
18,723
Amounts owed by group undertakings
70,000
Other debtors
24,905
24,051
Prepayments and accrued income
96,159
77,013
214,785
119,787
Amounts owed by group undertakings do not bear any interest, are unsecured and are repayable on demand.
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
176,708
130,236
Amounts owed to group undertakings
1,057,541
760,578
Accruals and deferred income
1,750
2,200
1,235,999
893,014
Amounts owed to related parties do not bear interest, are unsecured and are repayable on demand.
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000