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Registration number: 11451772

Medshare Ltd



Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Medshare Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Medshare Ltd

Company Information

Directors

Dr Thomas James Rourke

Mrs Jennifer Marion Rourke

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Medshare Ltd

(Registration number: 11451772)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2

216

331

Investment property

3

11,903,741

6,959,224

Investments

4

338,893

145,005

 

12,242,850

7,104,560

Current assets

 

Debtors

5

52,463

10,309

Cash at bank and in hand

 

455,261

280,983

 

507,724

291,292

Creditors: Amounts falling due within one year

6

(2,346,939)

(1,761,689)

Net current liabilities

 

(1,839,215)

(1,470,397)

Total assets less current liabilities

 

10,403,635

5,634,163

Creditors: Amounts falling due after more than one year

6

(7,710,052)

(4,018,565)

Provisions for liabilities

(610,878)

(374,123)

Net assets

 

2,082,705

1,241,475

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

2,773,715

1,739,946

Retained earnings

(691,110)

(498,571)

Shareholders' funds

 

2,082,705

1,241,475

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 

 

Medshare Ltd

(Registration number: 11451772)
Balance Sheet as at 31 July 2024 (continued)

.........................................
Dr Thomas James Rourke
Director

 

Medshare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

1,543

1,543

Additions

45

45

At 31 July 2024

1,588

1,588

Depreciation

At 1 August 2023

1,212

1,212

Charge for the year

160

160

At 31 July 2024

1,372

1,372

Carrying amount

At 31 July 2024

216

216

At 31 July 2023

331

331

3

Investment properties

2024
£

At 1 August

6,959,224

Additions

3,698,437

Fair value adjustments

1,246,080

At 31 July

11,903,741

The fair value of the properties at the year end have been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuations were arrived at by reference to the market evidence of transaction prices for similar properties in the location the properties are situated.

 

Medshare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Investments

2024
£

2023
£

Investments in subsidiaries

5

5

Investments in associates

338,888

145,000

338,893

145,005

Subsidiaries

£

Cost or valuation

At 1 August 2023

5

Provision

Carrying amount

At 31 July 2024

5

At 31 July 2023

5

Associates

£

Cost

At 1 August 2023

145,000

Revaluation

24,444

Additions

169,444

At 31 July 2024

338,888

Provision

Carrying amount

At 31 July 2024

338,888

At 31 July 2023

145,000

5

Debtors

 

Medshare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Debtors (continued)

Current

Note

2024
£

2023
£

Trade debtors

 

5,886

-

Amounts owed by related parties

6,914

-

Prepayments

 

3,968

8,109

Other debtors

 

35,695

2,200

   

52,463

10,309

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,329,485

1,739,170

Trade creditors

 

6,298

6,893

Taxation and social security

 

2,316

-

Other creditors

 

8,840

15,626

 

2,346,939

1,761,689

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7,118,856

3,585,596

Other non-current financial liabilities

 

591,196

432,969

 

7,710,052

4,018,565