ACCOUNTS - Final Accounts preparation

Registered number: NI650450

Homecare Software Solutions Limited

Financial statements

Information for filing with the registrar

For the Period Ended 30 June 2024

Homecare Software Solutions Limited

Registered number: NI650450

Balance Sheet

As at 30 June 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	6	1		404,111
Cash at bank and in hand	7	74,632		20,241
		74,633		424,352
Creditors: amounts falling due within one year	8	(60,393)		(58,224)
Net current assets			14,240		366,128
Total assets less current liabilities			14,240		366,128

Net assets			14,240		366,128

Capital and reserves
Called up share capital	9	1	1
Profit and loss account	10	14,239	366,127
		14,240	366,128

The Company's financial statements have been prepared in accordance with the provisions applicable to companies 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 on 6 November 2025.

Jack Downing

Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

Homecare Software Solutions Limited

Notes to the Financial Statements

For the Period Ended 30 June 2024

1.	General information

Homecare Software Solutions Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.
The presentation currency is that of Sterling (£).

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 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Non-Going concern

These financial statements have not been prepared on a going concern basis. The company ceased trading during the financial year ending 30th June 2024 , and the directors have resolved to wind up the company. As a result, the financial statements have been prepared on a break-up basis. Under this basis, assets are stated at their estimated realisable values and liabilities are stated at the amounts expected to be settled.
The decision to cease trading and wind up the company was made due to declining market conditions. The directors have assessed that there is no realistic alternative to liquidation.

2.3

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

Homecare Software Solutions Limited

Notes to the Financial Statements

For the Period Ended 30 June 2024

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

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.

2.8

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.

2.9

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

Homecare Software Solutions Limited

Notes to the Financial Statements

For the Period Ended 30 June 2024

2.Accounting policies (continued)

2.9

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:

Computer equipment

33%

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.

2.10

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.

2.11

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.

2.12

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.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company’s accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the financial year.

Page 4

Homecare Software Solutions Limited

Notes to the Financial Statements

For the Period Ended 30 June 2024

Employees

The average monthly number of employees, including the director, during the period was as follows:

	30 June	18 months ended 30 June
	2024	2023
	No.	No.

Employees	1	7

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 July 2023	60,120
	At 30 June 2024	60,120
	Depreciation
	At 1 July 2023	60,120
	At 30 June 2024	60,120
	Net book value
	At 30 June 2024	-
	At 30 June 2023	-

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	1	353,194
Other debtors	-	50,917
	1	404,111

Page 5

Homecare Software Solutions Limited

Notes to the Financial Statements

For the Period Ended 30 June 2024

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	74,632	20,241
	74,632	20,241

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

Trade creditors	7,321	6,788
Accruals and deferred income	53,072	51,436
	60,393	58,224

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023: 1) Ordinary share of £1.00	1	1

10.

Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

11.	Related party transactions
	The company has taken advantage of the exemption contained in FRS 102 section 33 “Related Party Disclosures” from disclosing transactions with entities which are a wholly owned part of the group.

12.	Controlling party

The smallest group for which consolidated financial statements are drawn up is headed by Homecare Software Solutions LLC whose registered office is 1 Court Square, 44th Floor, Long Island City, NY 11120, USA.

Page 6

Homecare Software Solutions Limited

Notes to the Financial Statements

For the Period Ended 30 June 2024

13.	Auditors' information

The auditors' report on the financial statements for the period ended 30 June 2024 was unqualified.

The audit report was signed on 6 November 2025 by Adrian Patton (Senior Statutory Auditor) on behalf of Sumer AuditCo NI Limited.

Page 7