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Registered number: 13144466


INNOVATE COMPLEX CARE SERVICES LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
INNOVATE COMPLEX CARE SERVICES LIMITED
REGISTERED NUMBER: 13144466

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
47,903
19,515

  
47,903
19,515

Current assets
  

Debtors: amounts falling due within one year
 4 
1,097,224
2,981,316

Cash at bank and in hand
 5 
105,891
130,874

  
1,203,115
3,112,190

Creditors: amounts falling due within one year
 6 
(1,237,703)
(1,250,744)

Net current (liabilities)/assets
  
 
 
(34,588)
 
 
1,861,446

Total assets less current liabilities
  
13,315
1,880,961

Creditors: amounts falling due after more than one year
 7 
(223,488)
-

  

Net (liabilities)/assets
  
(210,173)
1,880,961


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(210,273)
1,880,861

  
(210,173)
1,880,961


Page 1

 
INNOVATE COMPLEX CARE SERVICES LIMITED
REGISTERED NUMBER: 13144466
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 year 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 statement of income and retained earnings 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: 




................................................
Ben Cambage
Director
Date: 12 August 2025

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

Page 2

 
INNOVATE COMPLEX CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Innovate Complex Care Services  Limited  is  a  company  limited  by  shares  that  is  registered  in  England  and  Wales.  The registered  office  is 1 Vincent Square, London, SW1P 2PN  and  the  company  registration  number  is 13144466.

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

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.4

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.

Page 3

 
INNOVATE COMPLEX CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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
-
33%
Office equipment
-
33%

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
INNOVATE COMPLEX CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
-
22,290
22,290


Additions
4,879
41,069
45,948



At 31 December 2024

4,879
63,359
68,238



Depreciation


At 1 January 2024
-
2,774
2,774


Charge for the year on owned assets
1,591
15,970
17,561



At 31 December 2024

1,591
18,744
20,335



Net book value



At 31 December 2024
3,288
44,615
47,903



At 31 December 2023
-
19,515
19,515

Page 5

 
INNOVATE COMPLEX CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
809,079
332,199

Amounts owed by related parties
144,186
2,243,390

Other debtors
60,912
86,926

Prepayments and accrued income
83,047
318,801

1,097,224
2,981,316



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
105,891
130,874

105,891
130,874



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
274,783
101,619

Amounts owed to related parties
-
773,694

Other taxation and social security
116,700
78,597

Other creditors
632,158
50,505

Accruals and deferred income
214,062
246,329

1,237,703
1,250,744



7.


Creditors: Amounts falling due after more than one year

2024
£

Other creditors
223,488

223,488


Page 6

 
INNOVATE COMPLEX CARE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £0.10 each
100
100



9.


Related party transactions

During the year the loan of £48,617 from TFS Healthcare Limited and a loan to of £754 from Candy Healthcare Ltd was written off (exceptional item note 4), these were both companies under the control of Ben Cambage, Mr Cambages' control of TFS Healthcare Limited ceased 12 August 2024. 
Also written off (exceptional item note 4), during the year was a loan of £2,641,310 to Innovate Care Group Ltd and a loan of £29,017 to Complete Life Ltd these are both companies under the control of Mr Ben Cambage. 
Included within creditors are amounts owed of £NIL (2023: £13,919) to Aspect Healthcare Ltd, a company under common control during the year.
Included within debtors are amounts owed to the company of £144,185 (2023: £NIL) from Aspect Healthcare Ltd, a company under common control during the year.


10.


Controlling party

The ultimate controlling party is Innovate Care Group Limited by virtue of its 100% shareholding.


11.


Debentures

Investec Bank PLC hold a fixed and floating charge over the undertaking, encompassing all property and assets (present  and  future),  including  goodwill, intellectual property, uncalled capital, buildings,  fixtures, fixed plant and machinery.

 
Page 7