REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
PRACTICE PARTNERS HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
PRACTICE PARTNERS HOLDINGS LIMITED |
PRACTICE PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 07067765) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
PRACTICE PARTNERS HOLDINGS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
PRACTICE PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 07067765) |
STATEMENT OF FINANCIAL POSITION |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Retained earnings | 4 |
SHAREHOLDER FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PRACTICE PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 07067765) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
1. | ACCOUNTING POLICIES |
General information and basis of accounting |
Practice Partners Holdings Limited is a company limited by shares and is incorporated in the United Kingdom. The address of the registered office is 5 The Triangle, Wildwood Drive, Worcester, Worcestershire, WR5 2QX. The nature of the company's operations and its principal activity was that of a holding company for the Prime Group (headed by Prime (GB) Holdings Limited). |
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 and on a going concern basis. |
The financial statements comprise the audited financial statements of the company up to 31 December each year, and are stated in pounds sterling, the company's functional and presentational currency. |
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. |
The company was dormant throughout the current year and previous year. |
Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence. For this reason they continue to adopt the going concern basis in preparing the financial statements. The assessment of going concern for the group as a whole, is summarised in the Annual Report and financial statements of Prime (GB) Holdings Limited. |
Exemptions |
In accordance with the small companies regime, no cashflow statement is required to be presented, as the company qualifies as a small entity as defined in the Companies Act 2006. |
Critical accounting judgements and estimates |
In preparing the financial statements the directors are required to make a number of accounting judgements and make estimates and assumptions concerning the future. There are no judgements or estimates that are deemed significant in the context of these financial statements. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
4. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2023 |
Profit for the year |
At 31 December 2023 |
PRACTICE PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 07067765) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2023 |
5. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under Section 33 of FRS 102, not to disclose related party transactions with wholly owned subsidiaries within the group. |
6. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is Prime (UK) Investments Limited. There is no ultimate controlling party. The largest group of undertakings for which group accounts are drawn up is that headed by Prime (GB) Holdings Limited, the ultimate parent company. The smallest group of undertakings for which group accounts are drawn up is that headed by Prime Plc. Group accounts are available from Companies House, Crown Way, Cardiff CF14 3UZ. |
There is no ultimate controlling party. |