Registration number:
Doctrin Limited
for the Year Ended 31 December 2024
Doctrin Limited
Contents
Company Information |
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Directors' Report |
|
Income statement |
|
Statement of Financial Position |
|
Statement of Changes in Equity |
|
Notes to the Unaudited Financial Statements |
|
Accountants' Report |
Doctrin Limited
Company Information
Directors |
Dr A Bonamy J Eriksson |
Company secretary |
Goodwille Limited |
Registered office |
|
Accountants |
|
Doctrin Limited
Directors' Report for the Year Ended 31 December 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
Principal activity
The principal activity of the company is that of acting as intermediary for the sale of digiphysical healthcare solutions on behalf of the immediate parent undertaking.
Directors of the company
The directors who held office during the year and up to the date of approval of this report were as follows:
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, having considered the availability of financial support from the company's parent undertaking. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
Doctrin Limited is reliant on the support of Doctrin AB as the parent company.
Events after the financial period
There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.
Directors' insurance and indemnities
The directors benefited from qualifying third party indemnity provisions in place during the financial year and at the date of approval of this report.
Small companies provision statement
The directors have taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
The directors' report was approved by the
......................................... |
Doctrin Limited
Income statement
for the Year Ended 31 December 2024
Note |
2024 |
2023 |
|
Revenue |
|
|
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Operating loss |
(18,593) |
(431,109) |
|
Interest payable and similar expenses |
- |
( |
|
Loss before tax |
( |
( |
|
Tax on loss |
- |
- |
|
Loss for the financial year |
( |
( |
Doctrin Limited
(Registration number: 12828169)
Statement of Financial Position as at 31 December 2024
Note |
2024 |
2023 |
|
Current assets |
|||
Receivables |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Payables: Amounts falling due within one year |
( |
( |
|
Net assets |
( |
( |
|
Equity |
|||
Called up share capital |
1,000 |
1,000 |
|
Capital contribution |
1,165,999 |
1,129,999 |
|
Retained earnings |
(1,167,474) |
(1,148,881) |
|
Shareholders' funds |
(475) |
(17,882) |
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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements of Doctrin Limited were approved and authorised for issue by the
.........................................
Director
Doctrin Limited
Statement of Changes in Equity
for the Year Ended 31 December 2024
Share capital |
Capital contribution |
Retained earnings |
Total |
|
At 1 January 2024 |
|
|
( |
( |
Loss for the year |
- |
- |
( |
( |
Total comprehensive income |
- |
- |
( |
( |
Shareholder's contribution |
- |
36,000 |
- |
36,000 |
At 31 December 2024 |
|
|
( |
( |
Share capital |
Capital Contribution |
Retained earnings |
Total |
|
At 1 January 2023 |
|
|
( |
|
Loss for the year |
- |
- |
( |
( |
Shareholder's contribution |
- |
|
- |
|
Total comprehensive income |
- |
|
( |
( |
At 31 December 2023 |
1,000 |
1,129,999 |
(1,148,881) |
(17,882) |
Doctrin Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024
General information |
Doctrin Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
Accounting policies |
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.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, having considered the availability of financial support from the company's parent undertaking. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
Doctrin Limited is reliant on the support of Doctrin AB as the parent company.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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 currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Receivables
Trade and other receivables that are receivable within one year and do not constitute a financing
transaction are recorded at the undiscounted amount expected to be received, net of impairment.
Those that are receivable after more than one year or that constitute a financing transaction are
recorded initially at fair value less transaction costs and subsequently at amortised cost, net of
impairment.
Doctrin Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
2 |
Accounting policies (continued) |
Cash and cash equivalents
Cash and cash equivalents is comprised of bank accounts and petty cash.
Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables 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 and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.
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.
Defined contribution pension obligation
The company operates a defined contribution pension scheme. The assets of the schemes are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.
Share based payments
The company's parent undertaking, Doctrin AB, operates an option rights plan for its key employees which entitles these employees (including the company's employees) to acquire shares in the parent undertaking.
Financial instruments
Staff numbers |
The average number of persons employed by the company during the year, was
Doctrin Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
Taxation |
Tax charged in the income statement
2024 |
2023 |
|
Current taxation |
||
UK Corporation tax |
- |
- |
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2023 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
2024 |
2023 |
|
Loss before tax |
( |
( |
Corporation tax at standard rate |
( |
( |
Effect of expense not deductible in determining taxable loss |
- |
|
Effect of tax losses |
|
|
Total tax charge/(credit) |
- |
- |
Receivables |
2024 |
2023 |
|
Trade receivables |
- |
|
Other receivables |
|
|
Prepayments |
|
|
|
|
Cash and cash equivalents |
2024 |
2023 |
|
Cash at bank |
|
|
Doctrin Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
Payables |
Payables: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Trade payables |
|
|
Amounts due to parent undertaking |
|
|
Social security and other taxes |
- |
|
Outstanding defined contribution pension costs |
- |
|
Accruals |
|
|
|
|
The amounts owed to the parent undertaking disclosed as falling within one year are unsecured, payable on demand and is non-interest bearing.
Share capital and reserves |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
1,000 |
|
1,000 |
The company has one class of share capital which carries no right to fixed income.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
The capital contribution represents funding from the immediate parent that carries no rights to repayment or control over usage. This reserve forms part of the company’s distributable reserves.
Doctrin Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024 (continued)
Pension scheme |
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £nil (2023 - £
Contributions totalling £nil (2023 - £
Related party transactions |
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities the not to disclose transactions with entities that are wholly owned members of the group.
Share based payments |
Scheme details and movements
The company's parent undertaking, Doctrin AB, operates an option rights plan for its key employees which entitles these employees (including the company's employees) to acquire shares in the parent undertaking.
All associated costs of the option rights plan are borne by the parent undertaking and there is no associated cost for the company in the current period.
Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is
.
The ultimate controlling party is
Events after the financial period |
|
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Doctrin Limited
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Doctrin Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising firm of accountants, we are subject to ethical and other professional requirements.
This report is made solely to the Board of Directors of Doctrin Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Doctrin Limited and state those matters that we have agreed to state to the Board of Directors of Doctrin Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Doctrin Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Doctrin Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Doctrin Limited. You consider that Doctrin 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 accounts of Doctrin 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 accounts.
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For and on behalf of
19 Cedar Road
Sutton
Surrey
SM2 5DA