Primary Health Care Centres (Developments) Limited 04460047 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is property consultants and developers, holding company of a group and associated services. Digita Accounts Production Advanced 6.30.9574.0 true false 04460047 2022-03-01 2023-02-28 04460047 2023-02-28 04460047 core:RetainedEarningsAccumulatedLosses 2023-02-28 04460047 core:ShareCapital 2023-02-28 04460047 core:CurrentFinancialInstruments 2023-02-28 04460047 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 04460047 core:CostValuation 2023-02-28 04460047 core:DisposalsDecreaseInInvestments 2023-02-28 04460047 bus:SmallEntities 2022-03-01 2023-02-28 04460047 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04460047 bus:FullAccounts 2022-03-01 2023-02-28 04460047 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 04460047 bus:RegisteredOffice 2022-03-01 2023-02-28 04460047 bus:CompanySecretary1 2022-03-01 2023-02-28 04460047 bus:Director1 2022-03-01 2023-02-28 04460047 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04460047 countries:England 2022-03-01 2023-02-28 04460047 core:CostValuation 2022-02-28 04460047 2021-03-01 2022-02-28 04460047 2022-02-28 04460047 core:RetainedEarningsAccumulatedLosses 2022-02-28 04460047 core:ShareCapital 2022-02-28 04460047 core:CurrentFinancialInstruments 2022-02-28 04460047 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 04460047

Primary Health Care Centres (Developments) Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Primary Health Care Centres (Developments) Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Primary Health Care Centres (Developments) Limited

Company Information

Director

Ms C Neve

Company secretary

Mrs D A Chisholm

Registered office

25 Lamonby Way
Cramlington
Northumberland
NE23 7XW

Accountants

Azets
1 Massey Road
Thornaby
Stockton-on-Tees
TS17 6DY

 

Primary Health Care Centres (Developments) Limited

(Registration number: 04460047)
Statement of Financial Position as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1

2

Current assets

 

Debtors

5

165,268

135,454

Cash at bank and in hand

 

5,066

15,202

 

170,334

150,656

Creditors: Amounts falling due within one year

6

(68,481)

(63,148)

Net current assets

 

101,853

87,508

Net assets

 

101,854

87,510

Capital and reserves

 

Called up share capital

310

310

Profit and loss account

101,544

87,200

Total equity

 

101,854

87,510

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised for issue by the director on 28 November 2023
 

.........................................
Ms C Neve
Director

 

Primary Health Care Centres (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is 25 Lamonby Way, Cramlington, Northumberland, NE23 7XW.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Primary Health Care Centres (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Primary Health Care Centres (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

4

Investments

2023
£

2022
£

Investments in subsidiaries

1

2

Subsidiaries

£

Cost or valuation

At 1 March 2022

2

Disposals

(1)

At 28 February 2023

1

Carrying amount

At 28 February 2023

1

At 28 February 2022

2

5

Debtors

2023
£

2022
£

Amounts owed by group undertakings

93,268

62,868

Prepayments

 

72,000

72,000

Other debtors

 

-

586

 

165,268

135,454

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

655

-

Taxation and social security

14,249

14,374

Accruals and deferred income

829

740

Corporation tax liability

12,748

11,034

Director's loan account

40,000

37,000

68,481

63,148