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REGISTERED NUMBER: 09167963 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROMEDICA24 (LANCASHIRE) LIMITED

PROMEDICA24 (LANCASHIRE) LIMITED (REGISTERED NUMBER: 09167963)

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 (LANCASHIRE) 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: 09167963 (England and Wales)

PROMEDICA24 (LANCASHIRE) LIMITED (REGISTERED NUMBER: 09167963)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,067 -

CURRENT ASSETS
Debtors 993,801 1,191,620
Cash at bank 246,914 276,318
1,240,715 1,467,938
CREDITORS
Amounts falling due within one year 1,326,792 1,472,594
NET CURRENT LIABILITIES (86,077 ) (4,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(85,010

)

(4,656

)

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings (90,010 ) (9,656 )
SHAREHOLDERS' FUNDS (85,010 ) (4,656 )

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 (LANCASHIRE) LIMITED (REGISTERED NUMBER: 09167963)

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


1. STATUTORY INFORMATION

Promedica24 (Lancashire) 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller 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.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as the parent undertaking has agreed to provided the necessary finance to enable the company to meet its liabilities as they fall due.

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
Costs incurred by UK based group companies which relate to the UK based operation are shared among all UK based trading companies by way of a monthly recharge. These are split between 'Cost of sales' and 'Administrative expenses' depending on the nature of the cost recharged.

The recharges are calculated based on the turnover of each individual company as a percentage of the total turnover of all UK trading companies, in line with a formula which is defined in the intercompany agreement. At the end of the year, Management reserve the right to make an adjustment to the recharge to ensure that the costs in each company are in line with its turnover.

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.

Fixtures and fittings -20% 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 profit or loss on a straight line basis over the period of the lease.

PROMEDICA24 (LANCASHIRE) LIMITED (REGISTERED NUMBER: 09167963)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 154 (2022 - 51 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,256
At 31 December 2023 1,256
DEPRECIATION
Charge for year 189
At 31 December 2023 189
NET BOOK VALUE
At 31 December 2023 1,067

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

The Report of the Auditors was unqualified.

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

6. 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 owed to group to group companies amounted to £795,279 (2022 - 965,698). This amount is included in 'Amounts owed to group undertakings'.

7. 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.