Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-07-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11164569 2023-07-01 2024-06-30 11164569 2022-07-01 2023-06-30 11164569 2024-06-30 11164569 2023-06-30 11164569 c:Director1 2023-07-01 2024-06-30 11164569 d:CurrentFinancialInstruments 2024-06-30 11164569 d:CurrentFinancialInstruments 2023-06-30 11164569 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11164569 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11164569 d:ShareCapital 2024-06-30 11164569 d:ShareCapital 2023-06-30 11164569 d:RetainedEarningsAccumulatedLosses 2024-06-30 11164569 d:RetainedEarningsAccumulatedLosses 2023-06-30 11164569 c:FRS102 2023-07-01 2024-06-30 11164569 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11164569 c:FullAccounts 2023-07-01 2024-06-30 11164569 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11164569 d:Subsidiary2 2023-07-01 2024-06-30 11164569 d:Subsidiary2 1 2023-07-01 2024-06-30 11164569 d:Subsidiary5 2023-07-01 2024-06-30 11164569 d:Subsidiary5 1 2023-07-01 2024-06-30 11164569 d:Subsidiary6 2023-07-01 2024-06-30 11164569 d:Subsidiary6 1 2023-07-01 2024-06-30 11164569 2 2023-07-01 2024-06-30 11164569 4 2023-07-01 2024-06-30 11164569 6 2023-07-01 2024-06-30 11164569 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 11164569





 
The Healthcare Property Group Limited          
 
Financial statements          

For the year ended 30 June 2024          

 
The Healthcare Property Group Limited
Registered number:11164569

Balance sheet
As at 30 June 2024


2024

2023 
                                                                                   Note
£
£
£
£

Fixed assets
  

Investments in subsidiary companies
 4 
904,833
904,833

Current assets
  

Debtors
 5 
3,609
1,561

Cash at bank and in hand
 6 
518
295

  
4,127
1,856

Creditors: amounts falling due within one year
 7 
(176,803)
(167,753)

Net current liabilities
  
 
 
(172,676)
 
 
(165,897)

  

Net assets
  
732,157
738,936


Capital and reserves
  

Called up share capital 
  
500
500

Profit and loss account
  
731,657
738,436

  
732,157
738,936


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 company has opted not to file the statement of income and retained earnings 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 on 17 March 2025.




P Stacey
Director



The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
The Healthcare Property Group Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The Healthcare Property Group Limited is a limited company incorporated in England and Wales. Its registered office is South House Farm, Mundon Road, Maldon, Essex, CM9 6PP.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
 

Page 2

 
The Healthcare Property Group Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 3

 
The Healthcare Property Group Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
The Healthcare Property Group Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 July 2023
904,833



At 30 June 2024
904,833





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

The Healthcare Property Company Limited
England and Wales
Ordinary
100%
The Healthcare Property Company (Wales) Limited
England and Wales
Ordinary
100%
HPC (Glynneath) Limited
England and Wales
Ordinary
100%

The aggregate of the share capital and reserves as at 30 June 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(loss)
£
£

The Healthcare Property Company Limited
(526,574)
(100,499)

The Healthcare Property Company (Wales) Limited
35,290
-

HPC (Glynneath) Limited
12,550
(151)


5.


Debtors

2024
2023
£
£


Other debtors
1,784
500

Prepayments and accrued income
1,825
1,061

3,609
1,561


Page 5

 
The Healthcare Property Group Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
518
295



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,000
-

Amounts owed to group undertakings
15,903
15,253

Other creditors
156,400
150,000

Accruals and deferred income
2,500
2,500

176,803
167,753



8.


Related party transactions

At the year end £156,400 (2023 - £150,000) was owed to P Stacey, a director of the company. No interest was charged on this loan.


9.


Controlling party

The company is controlled by Paul Stacey.

 
Page 6