Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-012falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04366889 2023-07-01 2024-06-30 04366889 2022-07-01 2023-06-30 04366889 2024-06-30 04366889 2023-06-30 04366889 c:Director1 2023-07-01 2024-06-30 04366889 d:MotorVehicles 2023-07-01 2024-06-30 04366889 d:MotorVehicles 2024-06-30 04366889 d:MotorVehicles 2023-06-30 04366889 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04366889 d:OfficeEquipment 2023-07-01 2024-06-30 04366889 d:OfficeEquipment 2024-06-30 04366889 d:OfficeEquipment 2023-06-30 04366889 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04366889 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04366889 d:CurrentFinancialInstruments 2024-06-30 04366889 d:CurrentFinancialInstruments 2023-06-30 04366889 d:Non-currentFinancialInstruments 2024-06-30 04366889 d:Non-currentFinancialInstruments 2023-06-30 04366889 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04366889 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04366889 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04366889 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04366889 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 04366889 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04366889 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 04366889 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04366889 d:ShareCapital 2024-06-30 04366889 d:ShareCapital 2023-06-30 04366889 d:SharePremium 2024-06-30 04366889 d:SharePremium 2023-06-30 04366889 d:RetainedEarningsAccumulatedLosses 2024-06-30 04366889 d:RetainedEarningsAccumulatedLosses 2023-06-30 04366889 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04366889 c:OrdinaryShareClass1 2024-06-30 04366889 c:OrdinaryShareClass1 2023-06-30 04366889 c:FRS102 2023-07-01 2024-06-30 04366889 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04366889 c:FullAccounts 2023-07-01 2024-06-30 04366889 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04366889 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04366889





 
The Healthcare Property Company Limited          
 
Financial statements          

For the year ended 30 June 2024          

 
The Healthcare Property Company Limited
Registered number:04366889

Balance sheet
As at 30 June 2024


2024

2023 
                                                                                   Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
600
412

Current assets
  

Debtors
 5 
22,973
21,830

  
22,973
21,830

Creditors: amounts falling due within one year
 6 
(544,704)
(433,776)

Net current liabilities
  
 
 
(521,731)
 
 
(411,946)

Total assets less current liabilities
  
(521,131)
(411,534)

Creditors: amounts falling due after more than one year
 7 
(5,443)
(14,541)

  

Net liabilities
  
(526,574)
(426,075)


Capital and reserves
  

Called up share capital 
 9 
904,733
904,733

Share premium account
  
784,248
784,248

Profit and loss account
  
(2,215,555)
(2,115,056)

  
(526,574)
(426,075)


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 7 form part of these financial statements.
Page 1

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

1.


General information

The Healthcare Property Company Limited is a private company limited by shares, incorporated in England and Wales. It's 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

Going concern

These financial statements have been prepared on the going concern basis, on the understanding that the directors and parent company, The Healthcare Property Group Limited, will continue to support the company.

 
2.3

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:

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.

 
2.4

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.

Page 2

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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 at the following rates:

Motor vehicles
-
25%
reducing balance
Office equipment
-
30%
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.

 
2.5

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.

 
2.6

Financial instruments

The company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

 
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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

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.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

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

2.Accounting policies (continued)

 
2.11

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 Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

Taxation

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 balance sheet date in the countries where the company operates and generates income.


3.


Employees

2024
2023
£
£

Wages and salaries
56,000
55,988

Social security costs
400
302

Cost of defined contribution scheme
4,200
4,200

60,600
60,490


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

Page 4

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

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 July 2023

17,667
5,276
22,943


Additions
-
841
841



Depreciation


At 1 July 2023
17,667
4,864
22,531


Charge for the year
-
653
653



At 30 June 2024

17,667
5,517
23,184



Net book value



At 30 June 2024
-
600
600



At 30 June 2023
-
412
412

Page 5

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

5.


Debtors

2024
2023
£
£


Trade debtors
(525)
(525)

Amounts owed by group undertakings
10,703
10,053

Other debtors
4,725
5,009

Prepayments and accrued income
8,070
7,293

22,973
21,830



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
21,856
19,053

Bank loans
4,321
(455)

Trade creditors
16,016
8,655

Amounts owed to group undertakings
1,500
1,500

Other taxation and social security
3,654
3,500

Other creditors
299,976
247,971

Accruals and deferred income
197,381
153,552

544,704
433,776



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bounce back loan
5,443
14,541


Page 6

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

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bounce back loan
4,321
(455)

Amounts falling due 1-2 years

Bounce back loan
4,321
3,966

Amounts falling due 2-5 years

Bounce back loan
1,122
10,575




9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



904,733 (2023 - 904,733) Ordinary shares of £1.00 each
904,733
904,733



10.


Related party transactions

At the year end the company owed £1,500 (2023 - £1,500) to The Healthcare Property Company Wales Limited. 
At the year end, the company was owed £10,703
 (2023 - £10,053) by the parent company, The Healthcare Property Group Limited.


11.


Parent company

The ultimate parent company is The Healthcare Property Group Limited, a company incorporated in England and Wales, and controlled by P Stacey.

 
Page 7