Worcs Healthcare Education Co Ltd - Accounts to registrar (filleted) - small 22.3
Worcs Healthcare Education Co Ltd - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st March 2022 |
| for |
| The Worcestershire Healthcare Education |
| Company Limited |
| The Worcestershire Healthcare Education |
| Company Limited (Registered number: 03885017) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2022 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| The Worcestershire Healthcare Education |
| Company Limited |
| Company Information |
| for the Year Ended 31st March 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| (Statutory Auditor) |
| Thorneloe House |
| 25 Barbourne Road |
| Worcester |
| Worcestershire |
| WR1 1RU |
| The Worcestershire Healthcare Education |
| Company Limited (Registered number: 03885017) |
| Abridged Balance Sheet |
| 31st March 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| The Worcestershire Healthcare Education |
| Company Limited (Registered number: 03885017) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2022 |
| 1. | STATUTORY INFORMATION |
| The Worcestershire Healthcare Education Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. |
| RELATED PARTY EXEMPTION |
| 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. |
| GOING CONCERN |
| In preparing these financial statements, the directors have considered whether the going concern basis of preparation remains appropriate. To make this assessment the directors have considered the current financial position of the company and anticipated future cashflows for a period of at least 12 months from the signing of these financial statements. |
| The company is reliant on the parent charitable company The Charles Hastings Eduction Centre not requiring immediate cash settlement of amounts due to them until there is sufficient cash generated from operations to make such payments. However the directors acknowledge that this support is not legally binding and that the parent charitable company could technically call in the debt at any time, and whilst it is considered unlikely that they should ever do so, if the parent charity did elect to do so the company would then not be able to continue as a going concern. |
| TURNOVER |
| Turnover from the supply of both rental and non-rental services represents the value of services provided to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. |
| LEASING |
| Rentals paid or received under operating leases are charged/ credited to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2021 - NIL). |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| The Worcestershire Healthcare Education |
| Company Limited (Registered number: 03885017) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2022 |
| 6. | RELATED PARTY DISCLOSURES |
| A trustee of The Worcestershire Healthcare Education Company is also Chairman of the Worcester Acute Hospitals Trust. During the year letting income of £272,006 (2021: £305,732) was received from the Worcester Acute Hospitals Trust for rental of the Charles Hastings Education Centre. A further £20,000 (2021: £20,000) was received in relation to room hire. As at 31 March 2022 there was a balance of £98,911.20 (2021: £nil) owing to the company from Worcester Acute Hospitals Trust. |
| 7. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is The Charles Hastings EductionCentre. |
| The registered office of The Charles Hastings Eduction Centre is The Charles Hastings Education Centre |
| Charles Hastings Way, Worcester, Worcestershire, WR5 1DD. |