SHPI Holdings Limited
Unaudited Financial Statements
For the period ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 09172256 (England and Wales)
SHPI Holdings Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SHPI Holdings Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
38,554
33,771
Cash at bank and in hand
2,019
6,582
40,573
40,353
Creditors: amounts falling due within one year
4
(26,806)
(22,277)
Net current assets
13,767
18,076
Creditors: amounts falling due after more than one year
5
(13,467)
(19,907)
Net assets/(liabilities)
300
(1,831)
Capital and reserves
Called up share capital
6
300
300
Profit and loss reserves
(2,131)
Total equity
300
(1,831)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the period 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 by the board of directors and authorised for issue on 7 January 2025 and are signed on its behalf by:
J N Cox
Director
Company Registration No. 09172256
SHPI Holdings Limited
Notes to the Financial Statements
For the period ended 31 March 2024
Page 2
1
Accounting policies
Company information
SHPI Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is TTC House, Hadley Park, Telford, Shropshire, United Kingdom, TF1 6QJ.
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 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. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.
1.5
Financial instruments
Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
SHPI Holdings Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2024
1
Accounting policies
(Continued)
Page 3
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.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
12,950
Other debtors
38,554
20,821
38,554
33,771
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,648
10,016
Trade creditors
8,807
7,414
Corporation tax
3,347
2,847
Other taxation and social security
2,004
Accruals and deferred income
2,000
2,000
26,806
22,277
SHPI Holdings Limited
Notes to the Financial Statements (Continued)
For the period ended 31 March 2024
Page 4
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,467
19,907
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
300
300
300
300
7
Related party transactions
The directors are members of Strategic Healthcare Planning LLP. At the balance sheet date Strategic Healthcare Planning LLP owed the company an amount of £38,554 (2023: £19,165). This amount is unsecured and repayable on demand.
8
Controlling party
The company is controlled by the directors.