Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31trueNo description of principal activitytruetruetruetruetruetruetruetruetruetruetruetruetruetruefalse2024-01-017386truefalse 05645599 2024-01-01 2024-12-31 05645599 2023-01-01 2023-12-31 05645599 2024-12-31 05645599 2023-12-31 05645599 2023-01-01 05645599 c:Director1 2024-01-01 2024-12-31 05645599 c:Director3 2024-01-01 2024-12-31 05645599 c:Director4 2024-01-01 2024-12-31 05645599 c:Director4 2024-12-31 05645599 c:Director5 2024-01-01 2024-12-31 05645599 c:Director6 2024-01-01 2024-12-31 05645599 c:Director7 2024-01-01 2024-12-31 05645599 c:Director7 2024-12-31 05645599 c:RegisteredOffice 2024-01-01 2024-12-31 05645599 d:MotorVehicles 2024-01-01 2024-12-31 05645599 d:MotorVehicles 2024-12-31 05645599 d:MotorVehicles 2023-12-31 05645599 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05645599 d:ComputerEquipment 2024-01-01 2024-12-31 05645599 d:ComputerEquipment 2024-12-31 05645599 d:ComputerEquipment 2023-12-31 05645599 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05645599 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 05645599 d:OtherPropertyPlantEquipment 2024-12-31 05645599 d:OtherPropertyPlantEquipment 2023-12-31 05645599 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05645599 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05645599 d:CurrentFinancialInstruments 2024-12-31 05645599 d:CurrentFinancialInstruments 2023-12-31 05645599 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05645599 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05645599 d:ShareCapital 2024-12-31 05645599 d:ShareCapital 2023-12-31 05645599 d:ShareCapital 2023-01-01 05645599 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05645599 d:RetainedEarningsAccumulatedLosses 2024-12-31 05645599 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05645599 d:RetainedEarningsAccumulatedLosses 2023-12-31 05645599 d:RetainedEarningsAccumulatedLosses 2023-01-01 05645599 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05645599 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05645599 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 05645599 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 05645599 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05645599 c:OrdinaryShareClass1 2024-12-31 05645599 c:OrdinaryShareClass1 2023-12-31 05645599 c:OrdinaryShareClass2 2024-01-01 2024-12-31 05645599 c:OrdinaryShareClass2 2024-12-31 05645599 c:OrdinaryShareClass2 2023-12-31 05645599 c:FRS101 2024-01-01 2024-12-31 05645599 c:Audited 2024-01-01 2024-12-31 05645599 c:FullAccounts 2024-01-01 2024-12-31 05645599 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05645599 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05645599 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 05645599







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


CARE NETWORK SOLUTIONS LIMITED






































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CARE NETWORK SOLUTIONS LIMITED
 


 
COMPANY INFORMATION


Directors
A C De Changy 
M Lefebvre 
H K Arora (resigned 31 January 2025)
S T Foxall-Smith 
M Heginbotham 
J K Dinwoodie (appointed 24 February 2025, resigned 17 June 2025)




Registered number
05645599



Registered office
1st Floor
1 Lakeside Headlands Business Park

Salisbury Road

Blashford Ringwood

United Kingdom

BH24 3PB




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


CARE NETWORK SOLUTIONS LIMITED
REGISTERED NUMBER:05645599



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
420,280
377,322

  
420,280
377,322

Current assets
  

Debtors: amounts falling due within one year
 5 
2,120,229
2,615,025

Cash at bank and in hand
  
769,807
486,907

  
2,890,036
3,101,932

Creditors: amounts falling due within one year
 6 
(481,347)
(202,961)

Net current assets
  
 
 
2,408,689
 
 
2,898,971

Total assets less current liabilities
  
2,828,969
3,276,293

Provisions for liabilities
  

Deferred tax
  
(23,815)
-

  
 
 
(23,815)
 
 
-

Net assets
  
2,805,154
3,276,293


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
 9 
2,804,954
3,276,093

  
2,805,154
3,276,293


The company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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 statement of comprehensive income 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 by: 




................................................
M Heginbotham
Director

Date: 24 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 1

 


CARE NETWORK SOLUTIONS LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
200
3,410,036
3,410,236


Comprehensive income for the year

Loss for the year
-
(133,943)
(133,943)



At 1 January 2024
200
3,276,093
3,276,293


Comprehensive income for the year

Loss for the year
-
(471,139)
(471,139)


At 31 December 2024
200
2,804,954
2,805,154


The notes on pages 3 to 11 form part of these financial statements.

Page 2

 


CARE NETWORK SOLUTIONS LIMITED
 


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

1.


General information

Care Network Solutions Limited 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.
The presentational & functional currency of the financial statements is the Pound Sterling (£).
The financial statements reflect a 12 month reporting period for the current and prior year.

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 Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of paragraphs 45(b) and 46-52 of IFRS 2 Share-based payment
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held For Sale and Discontinued Operations
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases. The requirements of paragraph 58 of IFRS 16, provided that the disclosure of details in indebtedness relating to amounts payable after 5 years required by company law is presented separately for lease liabilities and other liabilities, and in total
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
 - paragraph 73(e) of IAS 16 Property, Plant and Equipment;
 - paragraph 118(e) of IAS 38 Intangible Assets;
 - paragraphs 76 and 79(d) of IAS 40 Investment Property; and
 - paragraph 50 of IAS 41 Agriculture
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 74A(b) of IAS 16
Page 3

 


CARE NETWORK SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)


2.2
Financial Reporting Standard 101 - reduced disclosure exemptions (continued)

the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
the requirements of paragraphs 130(f)(ii), 130(f)(iii), 134(d)-134(f) and 135(c)-135(e) of IAS 36 Impairment of Assets.

This information is included in the consolidated financial statements of Care Tree Holding Ltd as at 31 December 2024 and these financial statements may be obtained from Companies House.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

The company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the company does not adjust any of the transaction prices for the time value of money.

A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

Rendering of services

Turnover from providing services is recognised in the accounting period in which the services are rendered.

For fixed-price contracts, turnover is recognised based on the actual service provided to the end of the reporting period as a proportion of the total services to be provided because the customer receives and uses the benefits simultaneously.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired
Page 4

 


CARE NETWORK SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)


2.4
Current and deferred taxation (continued)

and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

Leases

Amounts designated as rents paid in the statement of comprehensive income represent amounts payable to the ultimate holding company who own the properties used for trading purposes. The payments are not subject to a formal lease agreement but have been calculated making reference to a long term loan facility to represent the amounts required to service the loan facility and associated interest charges of the ultimate holding company. The amounts payable therefore do not represent a right to use asset under the definitions of IFRS 16. 

 
2.6

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:

Motor vehicles
-
25%
reducing balance
Computer equipment
-
33%
straight line
Improvements to property
-
20%
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.

Page 5

 


CARE NETWORK SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)

  
2.7

Financial Instruments

The company recognises financial instruments when it becomes a party to the contractual arrangements of the
instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms
expire. The company's accounting policies in respect of financial instruments transactions are explained below:
Financial assets and financial liabilities are initially measured at fair value.
Financial assets
All recognised financial assets are subsequently measured in their entirety at either fair value or amortised
cost, depending on the classification of the financial assets.
Debt instruments at amortised cost
Debt instruments are subsequently measured at amortised cost where they are financial assets held within a
business model whose objective is to hold financial assets in order to collect contractual cash flows and selling
the financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows
that are solely payments of principal and interest on the principal amount outstanding. Amortised cost is
calculated using the effective interest method and represents the amount measured at initial recognition less
repayments of principal plus the cumulative amortisation using the effective interest method of any difference
between the initial amount and the maturity amount, adjusted for any loss allowance.
The company recognises a loss allowance for expected credit losses on investments in debt instruments that
are measured at amortised or at FVOCI. The amount of expected credit losses is updated at each reporting
date to reflect changes in credit risk since initial recognition of the respective financial instrument.
Financial liabilities
Fair value through profit and loss
Financial liabilities are classified as at fair value through profit or loss, when the financial liability is held for
trading, or is designated as at fair value through profit or loss. This designation may be made if such
designation eliminates or significantly reduces a measurement or recognition inconsistency that would
otherwise arise, or the financial liability forms part of a group of financial instruments which is managed and its
performance is evaluated on a fair value basis, or the financial liability forms part of a contract containing one
or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at fair
value through profit or loss. Any gains or losses arising on changes in fair value are recognised in profit or loss
to the extent that they are not part of a designated hedging relationship.
At amortised cost
Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for
trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost
using the effective interest method. This is a method of calculating the amortised cost of a financial liability and
of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly
discounts estimated future cash payments through the expected life of the financial liability, or where
appropriate a shorter period, to the amortised cost of a financial liability.
Financial assets and liabilities are made up of normal trading balances.

Page 6

 


CARE NETWORK SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

2024
2023
£
£

Wages and salaries
1,831,040
2,183,767

Social security costs
167,333
187,142

Cost of defined contribution scheme
38,699
40,723

2,037,072
2,411,632


The Directors do not receive remuneration from the Company.

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
73
86

Page 7

 


CARE NETWORK SOLUTIONS LIMITED
 


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

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2024
58,850
1,392
1,794,949
1,855,191


Additions
-
-
274,963
274,963


Disposals
-
-
(1,008,220)
(1,008,220)



At 31 December 2024

58,850
1,392
1,061,692
1,121,934



Depreciation


At 1 January 2024
37,419
1,392
1,439,058
1,477,869


Charge for the year on owned assets
5,358
-
155,856
161,214


Disposals
-
-
(937,429)
(937,429)



At 31 December 2024

42,777
1,392
657,485
701,654



Net book value



At 31 December 2024
16,073
-
404,207
420,280



At 31 December 2023
21,431
-
355,891
377,322

Page 8

 


CARE NETWORK SOLUTIONS LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
237,284
48,136

Amounts owed by group undertakings
1,860,037
2,561,575

Other debtors
5,565
4,350

Prepayments and accrued income
17,343
964

2,120,229
2,615,025


Balances with group undertakings carry no interest and are repayable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
81,788
35,580

Amounts owed to group undertakings
-
1

Corporation tax
111
-

Other taxation and social security
33,410
41,496

Other creditors
199,418
118,212

Accruals and deferred income
166,620
7,672

481,347
202,961


Balances with group undertakings carry no interest and are repayable on demand.


7.


Deferred taxation




2024


£






Charged to profit or loss
(23,815)



At end of year
(23,815)

Page 9

 


CARE NETWORK SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
7.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(24,642)
-

Short term timing differences
827
-

(23,815)
-


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



190 (2023 - 190) Ordinary share - class A shares of £1.00 each
190
190
10 (2023 - 10) Ordinary share - class B shares of £1.00 each
10
10

200

200


The company has two classes of ordinary shares, which carry no right to fixed income. 



9.


Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses. 


10.


Pension commitments

The company operates a defined contribution scheme. The pension charge for the period represents contributions payable by the company to the scheme and amounted to £38,699 (2023 - £40,723). At the balance sheet date there were contributions outstanding of £7,140 (2023 - £8,573).


11.


Controlling party

The company's immediate parent undertaking is Milewood (Holdings) Ltd.
The company's ultimate parent undertaking is Care Tree Holding Ltd, a company incorporated in England and Wales and whose registered office is 1st Floor, 1 Lakeside Headlands Business Park, Salisbury Road, Blashford Ringwood, United Kingdom, BH24 3PB. Copies of group financial statements may be obtained from the Registrar of Companies for England & Wales.

Page 10

 


CARE NETWORK SOLUTIONS LIMITED
 


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

12.


Contingent liabilities

The company has given a cross guarantee with other group members, Milewood Healthcare Ltd, Milewood (Holdings) Ltd, Care Tree Invest Ltd and Care Tree Holding Ltd over all the assets of the respective companies.


13.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 25 June 2025 by Andrew Galliers FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 11