Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2023-08-01Community pharmacy98truefalse 09298340 2023-08-01 2024-07-31 09298340 2022-08-01 2023-07-31 09298340 2024-07-31 09298340 2023-07-31 09298340 c:Director2 2023-08-01 2024-07-31 09298340 d:MotorVehicles 2023-08-01 2024-07-31 09298340 d:MotorVehicles 2024-07-31 09298340 d:MotorVehicles 2023-07-31 09298340 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09298340 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09298340 d:FurnitureFittings 2023-08-01 2024-07-31 09298340 d:FurnitureFittings 2024-07-31 09298340 d:FurnitureFittings 2023-07-31 09298340 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09298340 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09298340 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09298340 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 09298340 d:Goodwill 2023-08-01 2024-07-31 09298340 d:Goodwill 2024-07-31 09298340 d:Goodwill 2023-07-31 09298340 d:CurrentFinancialInstruments 2024-07-31 09298340 d:CurrentFinancialInstruments 2023-07-31 09298340 d:Non-currentFinancialInstruments 2024-07-31 09298340 d:Non-currentFinancialInstruments 2023-07-31 09298340 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 09298340 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09298340 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 09298340 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09298340 d:UKTax 2023-08-01 2024-07-31 09298340 d:UKTax 2022-08-01 2023-07-31 09298340 d:ShareCapital 2024-07-31 09298340 d:ShareCapital 2023-07-31 09298340 d:RetainedEarningsAccumulatedLosses 2024-07-31 09298340 d:RetainedEarningsAccumulatedLosses 2023-07-31 09298340 c:OrdinaryShareClass1 2023-08-01 2024-07-31 09298340 c:OrdinaryShareClass1 2024-07-31 09298340 c:OrdinaryShareClass1 2023-07-31 09298340 c:OrdinaryShareClass2 2023-08-01 2024-07-31 09298340 c:OrdinaryShareClass2 2024-07-31 09298340 c:OrdinaryShareClass2 2023-07-31 09298340 c:FRS102 2023-08-01 2024-07-31 09298340 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09298340 c:FullAccounts 2023-08-01 2024-07-31 09298340 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09298340 d:CurrentFinancialInstruments 6 2024-07-31 09298340 d:CurrentFinancialInstruments 6 2023-07-31 09298340 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 09298340 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 09298340 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 09298340 f:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09298340










TAW HILL HEALTHCARE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
TAW HILL HEALTHCARE LTD
REGISTERED NUMBER: 09298340

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
81,522
163,046

Tangible assets
 6 
71,017
88,770

  
152,539
251,816

Current assets
  

Stocks
  
34,365
35,885

Debtors: amounts falling due within one year
 7 
156,185
120,442

Cash at bank and in hand
 8 
783,840
684,832

  
974,390
841,159

Creditors: amounts falling due within one year
 9 
(268,309)
(161,754)

Net current assets
  
 
 
706,081
 
 
679,405

Total assets less current liabilities
  
858,620
931,221

Creditors: amounts falling due after more than one year
 10 
(760,936)
(806,092)

Provisions for liabilities
  

Deferred tax
 11 
(17,754)
(683)

  
 
 
(17,754)
 
 
(683)

Net assets
  
79,930
124,446


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
79,830
124,346

  
79,930
124,446


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.
Page 1

 
TAW HILL HEALTHCARE LTD
REGISTERED NUMBER: 09298340
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024


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: 




Mrs Shushu Diao
Director

Date: 28 January 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Taw Hill Healthcare Ltd is a private company, limited by share capital, incorporated in England and Wales, under registration number 09298340. The address of the registered office is Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF.

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.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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 reporting 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 reporting 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 reporting date.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

Page 5

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

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.

 
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.

Page 6

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.13

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 9 (2023 - 8).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
37,743
3,521


37,743
3,521


Total current tax
37,743
3,521

Deferred tax


Origination and reversal of timing differences
17,071
149

Total deferred tax
17,071
149


Tax on profit
54,814
3,670

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 25%).


Page 7

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
815,235



At 31 July 2024

815,235



Amortisation


At 1 August 2023
652,189


Charge for the year on owned assets
81,524



At 31 July 2024

733,713



Net book value



At 31 July 2024
81,522



At 31 July 2023
163,046



Page 8

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
107,547
8,597
116,144



At 31 July 2024

107,547
8,597
116,144



Depreciation


At 1 August 2023
21,509
5,864
27,373


Charge for the year on owned assets
17,207
-
17,207


Charge for the year on financed assets
-
547
547



At 31 July 2024

38,716
6,411
45,127



Net book value



At 31 July 2024
68,831
2,186
71,017



At 31 July 2022
86,037
2,733
88,770


7.


Debtors

2024
2023
£
£


Trade debtors
126,412
95,127

VAT repayable
22,569
17,573

PAYE repayable
-
421

Prepayments
7,204
7,321

156,185
120,442


Page 9

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
783,840
684,832

783,840
684,832



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
202,648
158,028

Corporation tax payable
37,743
3,521

Other taxation and social security
978
-

Pension payable
338
205

Accruals
23,709
-

Other creditors
2,893
-

268,309
161,754




Page 10

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Director loan account
760,936
806,092

760,936
806,092




Page 11

 
TAW HILL HEALTHCARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Deferred taxation




2024


£






At beginning of year
(683)


Charged to profit or loss
(17,071)



At end of year
(17,754)

2024
2023
£
£


Accelerated capital allowances
(17,754)
(683)

(17,754)
(683)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) A Ordinary Shares shares of £1.00 each
50
50
50 (2023 - 50) B Ordinary Shares shares of £1.00 each
50
50

100

100



13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,478 (2023 - £1,193).


14.


Controlling party

The company was under the control of Mr Yujia Wu (50% share) and Mrs Shushu Diao (50%) by virtue of the fact that between them, they own 100% of issued share capital of the company.

 
Page 12