IRIS Accounts Production v24.2.0.383 08767680 Board of Directors 1.1.23 31.12.23 31.12.23 30.9.2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087676802022-12-31087676802023-12-31087676802023-01-012023-12-31087676802021-12-31087676802022-01-012022-12-31087676802022-12-3108767680ns15:EnglandWales2023-01-012023-12-3108767680ns14:PoundSterling2023-01-012023-12-3108767680ns10:Director12023-01-012023-12-3108767680ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108767680ns10:SmallEntities2023-01-012023-12-3108767680ns10:Audited2023-01-012023-12-3108767680ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108767680ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108767680ns10:AbridgedAccounts2023-01-012023-12-3108767680ns10:Director22023-01-012023-12-3108767680ns10:RegisteredOffice2023-01-012023-12-3108767680ns5:CurrentFinancialInstruments2023-12-3108767680ns5:CurrentFinancialInstruments2022-12-3108767680ns5:ShareCapital2023-12-3108767680ns5:ShareCapital2022-12-3108767680ns5:RetainedEarningsAccumulatedLosses2023-12-3108767680ns5:RetainedEarningsAccumulatedLosses2022-12-3108767680ns5:WithinOneYear2023-12-3108767680ns5:WithinOneYear2022-12-3108767680ns5:BetweenOneFiveYears2023-12-3108767680ns5:BetweenOneFiveYears2022-12-3108767680ns5:AllPeriods2023-12-3108767680ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 08767680 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROMEDICA24 UK LIMITED

PROMEDICA24 UK LIMITED (REGISTERED NUMBER: 08767680)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PROMEDICA24 UK LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: K E Twardowska
G Wrzosek





REGISTERED OFFICE: Suite 38 Hardmans Business Centre
New Hall Hey Road
Rawtenstall
Lancashire
BB4 6HH





REGISTERED NUMBER: 08767680 (England and Wales)

PROMEDICA24 UK LIMITED (REGISTERED NUMBER: 08767680)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395 602

CURRENT ASSETS
Debtors 486,268 713,011
Cash at bank 2,621 15,186
488,889 728,197
CREDITORS
Amounts falling due within one year 20,318 136,927
NET CURRENT ASSETS 468,571 591,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,966

591,872

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 268,966 391,872
SHAREHOLDERS' FUNDS 468,966 591,872

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2024 and were signed on its behalf by:





G Wrzosek - Director


PROMEDICA24 UK LIMITED (REGISTERED NUMBER: 08767680)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Promedica24 UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate as the parent company will continue to support the company in the future. As the company has now ceased to trade, and there is significant uncertainty over the recoverability of debtors the company would be unable to continue in existence without the ongoing support of the parent company. It is therefore considered that there is a material uncertainty over whether the going concern basis is appropriate in the long term.

Turnover
Turnover is measured at the fair value of care services provided during the year, net of value added tax and adjusted for accrued and deferred income.

The company provides varying levels of ongoing live-in care services and raises invoices for these services based on pre agreed weekly rates. As such, fair value reflects amounts invoiced during the year plus amounts expected to be recovered from clients in respect of services provided at the balance sheet date which has not yet been invoiced to clients.

Intragroup recharges
Turnover represents the sale of management and advisory services, excluding value added tax, during the year.
Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Improvements to property-20% on cost
Fixtures and fittings -25% on cost

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits

Current tax assets and liabilities are not discounted and are recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

PROMEDICA24 UK LIMITED (REGISTERED NUMBER: 08767680)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 110 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 54,054
Disposals (47,633 )
At 31 December 2023 6,421
DEPRECIATION
At 1 January 2023 53,452
Charge for year 202
Eliminated on disposal (47,628 )
At 31 December 2023 6,026
NET BOOK VALUE
At 31 December 2023 395
At 31 December 2022 602

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 91,727 50,352
Between one and five years 8,029 29,833
99,756 80,185

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We have not been able to obtain sufficient, appropriate evidence to allow us to determine whether or not the debtors are recoverable. As such, we have been unable to determine whether the financial statements show a true and fair view of the company's position.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Katharine Halsall (Senior Statutory Auditor)
for and on behalf of Caldwell Penn Limited, Statutory Auditor

PROMEDICA24 UK LIMITED (REGISTERED NUMBER: 08767680)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


7. RELATED PARTY DISCLOSURES

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.

At the balance sheet date, the amounts due from group companies amounted to £453,922 (2022 - £552,495), and amounts owed to group companies amounted to £40,247 (2022 - £48,516). These amounts are included in 'Amounts due from group undertakings' and 'Amounts due to group undertakings'.

8. ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is PineBridge New Europe Partners II-A, L.P., a company registered in the state of Cayman Islands. The parent's business and mailing address is 399 Park Avenue, 4th Floor, New York, NY, 10022.

9. MATERIAL UNCERTAINTY OVER GOING CONCERN

The company has now ceased to trade, and there is significant uncertainty over the recoverability of the remaining debtors. The company is entirely reliant upon the support of the parent company and other group entities and would be unable to continue in existence without this support. It is therefore considered that there is a material uncertainty over whether the going concern basis is appropriate in the long term.