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REGISTERED NUMBER: 10318138 (England and Wales)















Institute of Healthcare Management Ltd.

Unaudited Financial Statements for the Year Ended 31 August 2024






Institute of Healthcare Management Ltd. (Registered number: 10318138)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Institute of Healthcare Management Ltd.

Company Information
for the Year Ended 31 August 2024







Directors: R Lilley
T R C Lunniss
J Wilks





Registered office: 33 Cathedral Road
Cardiff
CF11 9HB





Registered number: 10318138 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Institute of Healthcare Management Ltd. (Registered number: 10318138)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 2,413 3,620
Tangible assets 5 1,524 2,032
3,937 5,652

Current assets
Debtors 6 1,330 1,295
Cash at bank and in hand 12,801 15,062
14,131 16,357
Creditors
Amounts falling due within one year 7 (13,401 ) (13,528 )
Net current assets 730 2,829
Total assets less current liabilities 4,667 8,481

Capital and reserves
Called up share capital 8 1 1
Retained earnings 4,666 8,480
Shareholders' funds 4,667 8,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 May 2025 and were signed on its behalf by:





J Wilks - Director


Institute of Healthcare Management Ltd. (Registered number: 10318138)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Institute of Healthcare Management 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 directors have reviewed and considered relevant information, including the rolling forecasts and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 25% on reducing balance.

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.

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.

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.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

Institute of Healthcare Management Ltd. (Registered number: 10318138)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 12,065
Amortisation
At 1 September 2023 8,445
Amortisation for year 1,207
At 31 August 2024 9,652
Net book value
At 31 August 2024 2,413
At 31 August 2023 3,620

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 September 2023
and 31 August 2024 4,507
Depreciation
At 1 September 2023 2,475
Charge for year 508
At 31 August 2024 2,983
Net book value
At 31 August 2024 1,524
At 31 August 2023 2,032

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Tax 333 -
Prepayments 997 1,295
1,330 1,295

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 879 879
Social security and other taxes 1,398 1,289
VAT 6,408 8,029
Other creditors 2,000 2,000
Accrued expenses 2,716 1,331
13,401 13,528

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

Institute of Healthcare Management Ltd. (Registered number: 10318138)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. Related party disclosures

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.

During the year the company made purchases to a related party of £60,600 (2023: £61,200) for consultancy services.

10. Ultimate controlling party

The controlling party is IHSCM Ltd.

The company directors, as shareholders of IHSCM Ltd, are the joint ultimate controlling party.