BASIL STREET PRACTICE LIMITED

Company number

08599698

Status

Active

Incorporation

2013-07-05

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

86210

Hubs

UK Healthcare

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis and no material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. HCA UK Holdings Limited ('HCA UK') as an organisation manages its cash position centrally, providing access to funding for all its subsidiaries as and when required. Basil Street Practice Limited is a subsidiary within the HCA UK group. As cash is managed centrally, the directors have considered the going concern assessment for the HCA UK group of entities collectively. HCA UK group has seen very strong cash flow throughout 2024 and has no external debt within the UK group, with a cash balance of £66m at the end of December 2024. In addition to this, HCA Healthcare Inc., the ultimate parent company, have confirmed, via a letter of support their intention to provide financial support, if necessary, to the HCA UK Group until 31 December 2026. In turn, the company has received assurances, in the form of a letter of support, that HCA UK will continue to provide sufficient cash resources to meet liabilities as they fall due from the date of signing these financial statements to 31 December 2026. The management of Basil Street Practice Limited have assessed HCA UK's assessment of the group's financial position and their commitment to provide financial support if and when needed to Basil Street Practice Limited, the directors therefore have a reasonable expectation that the entity will be able to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “The investment property value increased to £2,400,000 from £2,250,000 in 2023 as at the statement of financial position date, following a valuation based upon existing use value.”
• “The company has mitigated this risk through terms of agreement with the tenants which represent a 10 year period expiring in 2025.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers