Marren Healthcare Ltd 13813237 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of referral agent for rehabilitation centres Digita Accounts Production Advanced 6.30.9574.0 true 13813237 2024-01-01 2024-12-31 13813237 2024-12-31 13813237 bus:OrdinaryShareClass1 2024-12-31 13813237 core:CurrentFinancialInstruments 2024-12-31 13813237 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13813237 core:OtherResidualIntangibleAssets 2024-12-31 13813237 core:FurnitureFittingsToolsEquipment 2024-12-31 13813237 bus:SmallEntities 2024-01-01 2024-12-31 13813237 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13813237 bus:FilletedAccounts 2024-01-01 2024-12-31 13813237 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13813237 bus:RegisteredOffice 2024-01-01 2024-12-31 13813237 bus:Director1 2024-01-01 2024-12-31 13813237 bus:Director2 2024-01-01 2024-12-31 13813237 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13813237 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13813237 bus:Agent1 2024-01-01 2024-12-31 13813237 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13813237 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 13813237 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 13813237 core:OfficeEquipment 2024-01-01 2024-12-31 13813237 core:OtherRelatedParties 2024-01-01 2024-12-31 13813237 countries:EnglandWales 2024-01-01 2024-12-31 13813237 2023-12-31 13813237 core:OtherResidualIntangibleAssets 2023-12-31 13813237 core:FurnitureFittingsToolsEquipment 2023-12-31 13813237 2023-01-01 2023-12-31 13813237 2023-12-31 13813237 bus:OrdinaryShareClass1 2023-12-31 13813237 core:CurrentFinancialInstruments 2023-12-31 13813237 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13813237 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 13813237 core:OtherResidualIntangibleAssets 2023-12-31 13813237 core:FurnitureFittingsToolsEquipment 2023-12-31 13813237 core:PreviouslyStatedAmount 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13813237 (England and Wales)

Marren Healthcare Ltd

trading as Compare Rehab

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Marren Healthcare Ltd

trading as Compare Rehab

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Marren Healthcare Ltd

trading as Compare Rehab

Company Information

Directors

Mr Darren Kelly Rolfe

Mr Michael Alfred Garnham

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Accountants

Aventus Partners Limited Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Marren Healthcare Ltd

trading as Compare Rehab

(Registration number: 13813237) (England and Wales)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

56,067

Tangible assets

5

-

969

 

-

57,036

Current assets

 

Debtors

6

-

100

Cash at bank and in hand

 

1,685

1,326

 

1,685

1,426

Creditors: Amounts falling due within one year

7

(97,587)

(98,184)

Net current liabilities

 

(95,902)

(96,758)

Net liabilities

 

(95,902)

(39,722)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(96,002)

(39,822)

Shareholders' deficit

 

(95,902)

(39,722)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Marren Healthcare Ltd

trading as Compare Rehab

(Registration number: 13813237) (England and Wales)
Balance Sheet as at 31 December 2024 (continued)

The financial statements were approved and authorised for issue by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
Mr Michael Alfred Garnham
Director

   
     
 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website delopment

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.


 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 2 (2023: 2).

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Intangible assets

Website development
 £

Cost

At 1 January 2024

77,823

Disposals

(77,823)

At 31 December 2024

-

Amortisation

At 1 January 2024

21,756

Amortisation eliminated on disposals

(21,756)

At 31 December 2024

-

Carrying amount

At 31 December 2024

-

At 31 December 2023

56,067

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 January 2024

1,515

1,515

Disposals

(1,515)

(1,515)

At 31 December 2024

-

-

Depreciation

At 1 January 2024

849

849

Charge for the year

(303)

(303)

Eliminated on disposal

(546)

(546)

At 31 December 2024

-

-

Carrying amount

At 31 December 2024

-

-

At 31 December 2023

969

969

6

Debtors

2024
£

2023
£

Prepayments

-

100

-

100

 

Marren Healthcare Ltd

trading as Compare Rehab

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

-

597

Other creditors

9

52,415

50,415

Directors current account

 

45,172

47,172

 

97,587

98,184

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

Summary of transactions with other related parties


At the balance sheet date the company owed £51,915 (2023: £49,915) to Steps Together Rehab (Leicester) Limited, a company incorporated in England and Wales and in which the director, Mr Mr Darren Kelly Rolfe is also director and shareholder.

At the balance sheet date the company owed £500 (2023: £500) to Lamm Property Holdings limited, a company incorporated in England and Wales and in which the director, Mr Michael Aifred Garnham is also director and shareholder.