Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-08-01falseGeneral medical practice activities1112falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14264291 2023-08-01 2024-03-31 14264291 2022-07-29 2023-07-31 14264291 2024-03-31 14264291 2023-07-31 14264291 c:Director2 2023-08-01 2024-03-31 14264291 d:FurnitureFittings 2023-08-01 2024-03-31 14264291 d:FurnitureFittings 2024-03-31 14264291 d:FurnitureFittings 2023-07-31 14264291 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 14264291 d:ComputerEquipment 2023-08-01 2024-03-31 14264291 d:ComputerEquipment 2024-03-31 14264291 d:ComputerEquipment 2023-07-31 14264291 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 14264291 d:OwnedOrFreeholdAssets 2023-08-01 2024-03-31 14264291 d:CurrentFinancialInstruments 2024-03-31 14264291 d:CurrentFinancialInstruments 2023-07-31 14264291 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14264291 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14264291 d:ShareCapital 2024-03-31 14264291 d:ShareCapital 2023-07-31 14264291 d:RetainedEarningsAccumulatedLosses 2024-03-31 14264291 d:RetainedEarningsAccumulatedLosses 2023-07-31 14264291 c:OrdinaryShareClass1 2023-08-01 2024-03-31 14264291 c:OrdinaryShareClass1 2024-03-31 14264291 c:OrdinaryShareClass1 2023-07-31 14264291 c:FRS102 2023-08-01 2024-03-31 14264291 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 14264291 c:FullAccounts 2023-08-01 2024-03-31 14264291 c:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31 14264291 e:PoundSterling 2023-08-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14264291









RANWORTH PARTNERSHIP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
RANWORTH PARTNERSHIP LIMITED
REGISTERED NUMBER: 14264291

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 July
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
8,003
-

  
8,003
-

Current assets
  

Stocks
  
15,978
-

Debtors and prepayments
  
373,927
-

Cash and cash equivalents
 6 
132,781
12,395

  
522,686
12,395

Creditors: amounts falling due within one year
 7 
(239,870)
(21,438)

Net current assets/(liabilities)
  
 
 
282,816
 
 
(9,043)

Total assets less current liabilities
  
290,819
(9,043)

  

Net assets/(liabilities)
  
290,819
(9,043)


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
290,817
(9,045)

  
290,819
(9,043)


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 period 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement 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 4 March 2025.

Page 1

 
RANWORTH PARTNERSHIP LIMITED
REGISTERED NUMBER: 14264291
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024




Dr Farrukh Shamshad
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RANWORTH PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Ranworth Partnership Limited is a private company limited by shares and incorporated on 29 July 2022 in England and Wales, registration number 14264291. The registered office is 103 Pier Avenue, Clacton On Sea, Essex, United Kingdom, C015 1NJ.        
                                                                                        
The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated. 

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

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.

 
2.3

Borrowing costs

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

Page 3

 
RANWORTH PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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 reporting date in the countries where the Company operates and generates income.


 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line
Computer equipment
-
25%
Straight line

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

Page 4

 
RANWORTH PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 111 (2023 - 2).


4.


Tangible fixed assets







Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


Additions
8,180
4,473
12,653



At 31 March 2024

8,180
4,473
12,653



Depreciation


Charge for the period on owned assets
3,532
1,118
4,650



At 31 March 2024

3,532
1,118
4,650



Net book value



At 31 March 2024
4,648
3,355
8,003



At 31 July 2023
-
-
-

Page 5

 
RANWORTH PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
31 July
2024
2023
£
£


NHS Debtors
334,041
-

Prepayments
39,886
-

373,927
-









6.


Cash and cash equivalents

31 March
31 July
2024
2023
£
£

Cash at bank and in hand
132,781
12,395

132,781
12,395



7.


Creditors: Amounts falling due within one year

31 March
31 July
2024
2023
£
£

Ranworth partnership loan account
(577,733)
-

Directors loan account - Dr Qurban
19,998
-

Corporation tax
99,355
-

Other creditors
-
19,998

Accruals and deferred income
698,250
1,440

239,870
21,438



8.


Share capital

31 March
31 July
2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2
Page 6

 
RANWORTH PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.Share capital (continued)



 
Page 7