CLERICAL MEDICAL INVESTMENT FUND MANAGERS LIMITED

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  Accounts not prepared on a going-concern basis

  In preparing these financial statements, the Directors have determined that it is inappropriate to adopt the going concern basis of accounting. This decision has been made in light of the Directors' intention to place the Company into liquidation. Accordingly, the financial statements have been prepared in a basis other than that of going concern.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CLERICAL MEDICAL INVESTMENT FUND MANAGERS LIMITED 2004-02-05 → present
2. HALIFAX UNIT TRUST MANAGEMENT LIMITED 1993-07-01 → 2004-02-05
3. WIDEOVER LIMITED 1993-02-19 → 1993-07-01

Accounting basis

IFRS

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Not a going concern (break-up basis)

“In preparing these financial statements, the Directors have determined that it is inappropriate to adopt the going concern basis of accounting. This decision has been made in light of the Directors' intention to place the Company into liquidation. Accordingly, the financial statements have been prepared in a basis other than that of going concern.”

Significant events

• “The Company's Directors intend to liquidate the Company once the open matters with His Majesty's Revenue and Customs ('HMRC'), as disclosed in note 13 are resolved.”
• “The Group has an open matter in relation to a claim for group relief of losses incurred in its former Irish banking subsidiary, which ceased trading on 31 December 2010. In 2020, HMRC concluded its enquiry into the matter and issued a closure notice denying the group relief claim. The Group appealed to the First Tier Tax Tribunal. The hearing took place in May 2023. In January 2025, the First Tier Tribunal concluded in favour of HMRC. The Group believes it has applied the rules correctly and that the claim for group relief is correct. Having reviewed the Tribunal's conclusions and having taken appropriate advice the Group has appealed to the Upper Tier Tax Tribunal, and does not consider this to be a case where an additional tax liability will ultimately fall due. If the final determination of the matter by the judicial process is that HMRC's position is correct, management believes this would result in an increase in the Company's current tax liabilities of approximately £426k (including interest). The appeal has been listed for hearing in March 2027, however final conclusion of the judicial process may not be for several years.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.