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REGISTERED NUMBER: 11348859 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KLINIK HEALTHCARE SOLUTIONS UK LTD

KLINIK HEALTHCARE SOLUTIONS UK LTD (REGISTERED NUMBER: 11348859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KLINIK HEALTHCARE SOLUTIONS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: B J Wood
P M Hirvonen





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 11348859 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

KLINIK HEALTHCARE SOLUTIONS UK LTD (REGISTERED NUMBER: 11348859)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 107,120 147,744
Tangible assets 5 1,336 1,963
108,456 149,707

CURRENT ASSETS
Debtors 6 79,098 83,074
Cash at bank 72,061 95,308
151,159 178,382
CREDITORS
Amounts falling due within one year 7 1,838,198 1,729,245
NET CURRENT LIABILITIES (1,687,039 ) (1,550,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,578,583

)

(1,401,156

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (1,579,583 ) (1,402,156 )
SHAREHOLDERS' FUNDS (1,578,583 ) (1,401,156 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:




P M Hirvonen - Director


KLINIK HEALTHCARE SOLUTIONS UK LTD (REGISTERED NUMBER: 11348859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Klinik Healthcare Solutions UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis. The company is in a start up phase and has made losses but the parent company will continue to support the company for a period of at least 12 months and 1 day from the date of formal approval of these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company's turnover relates to licence income and is recognised on a straight-line basis over the subscription period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided at the following annual rates in order to write each asset over its estimated useful life.
Development costs - 20% - 33% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% - 33% on cost

All items of plant and machinery are stated at historical costs less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KLINIK HEALTHCARE SOLUTIONS UK LTD (REGISTERED NUMBER: 11348859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 215,534
AMORTISATION
At 1 January 2024 67,790
Charge for year 40,624
At 31 December 2024 108,414
NET BOOK VALUE
At 31 December 2024 107,120
At 31 December 2023 147,744

KLINIK HEALTHCARE SOLUTIONS UK LTD (REGISTERED NUMBER: 11348859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 4,359
Additions 616
At 31 December 2024 4,975
DEPRECIATION
At 1 January 2024 2,396
Charge for year 1,243
At 31 December 2024 3,639
NET BOOK VALUE
At 31 December 2024 1,336
At 31 December 2023 1,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 52,039 60,364
Other debtors 27,059 22,710
79,098 83,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 8,752 25,972
Amounts owed to group undertakings 1,607,339 1,501,721
Taxation and social security 46,334 36,228
Other creditors & accruals 175,773 165,324
1,838,198 1,729,245

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary £0.1 1,000 1,000

9. ULTIMATE PARENT COMPANY

Klinik Healthcare Solutions OY (incorporated in Finland) is regarded as being the company's ultimate parent company.

10. ULTIMATE CONTROLLING PARTY

There is no individual ultimate controlling party.