ACCOUNTS - Final Accounts

Registered number: 06519396 (England and Wales)

DOCSCORP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


DOCSCORP LIMITED

COMPANY INFORMATION

Directors	K J Milliner
	L R O'Brien
	A Marwaha
	P Singh


Registered number	06519396


Registered office	1 Princeton Mews
	167-169 London Road
	Kingston Upon Thames
	Surrey
	United Kingdom
	KT2 6PT


Independent auditors	ZEDRA Corporate Reporting Services (UK) Limited


DOCSCORP LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5


DOCSCORP LIMITED REGISTERED NUMBER:06519396

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors due within one year	4	2,269,429		2,433,311
		2,269,429		2,433,311
Creditors: amounts falling due within one year	5	(182,777)		(330,203)
Net current assets			2,086,652		2,103,108
Total assets less current liabilities			2,086,652		2,103,108

Net assets			2,086,652		2,103,108

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	2,085,652	2,102,108
	2,086,652	2,103,108

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 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:

P Singh

Director

Date: 24 September 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


DOCSCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

1.1

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:

1.2

Going concern

The directors have considered the strategic importance of the Company and as such are currently undertaking a restructuring process for the wider group. They expect to voluntarily dissolve the Company in the near future.
For this reason, the financial statements are prepared on a basis other than going concern.

1.3

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.

1.4

Intercompany recharges

The Company recharges an amount to the parent company in accordance with an intercompany sales and marketing service agreement. This amount is determined based on the Company achieving an operating profit margin of 4% on an annual basis. The amount is charged or credited to the statement of comprehensive income in the year which it relates to.

Page 2


DOCSCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

1.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.7

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

1.9

Creditors

Short-term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.

Page 3


DOCSCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
In their report, the auditors emphasised the following matter without qualifying their report:
We draw attention to note 1.2 of the financial statements which explains that the directors are undertaking a group restructuring process and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 25 September 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.

3.	Employees
	The Company has no employees (2023 - 0).

Debtors

					2024	2023
					£	£



Amounts owed by group undertakings	2,269,431	2,432,864
Other debtors	-	447
	2,269,431	2,433,311

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	48,666
Amounts owed to group undertakings	148,857	-
Corporation tax	-	128,577
Other taxation and social security	-	11,478
Other creditors	15,733	15,756
Accruals and deferred income	18,187	125,726
	182,777	330,203

Page 4


DOCSCORP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Controlling party

Docscorp Group Pty Ltd is the parent of the smallest group for which consolidated financial statement are drawn up of which the Company is a member. The registered office of the parent company is 66 Clarence Street, Sydney, NSW 2000, Australia.

7.	Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and the date these financial statements were approved.

Page 5