Company registration number 07711721 (England and Wales)
HADRIAN PRIMARY CARE ALLIANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HADRIAN PRIMARY CARE ALLIANCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HADRIAN PRIMARY CARE ALLIANCE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
883
1,038
Current assets
Debtors
4
171,039
257,049
Cash at bank and in hand
379,992
337,482
551,031
594,531
Creditors: amounts falling due within one year
5
(647,327)
(678,467)
Net current liabilities
(96,296)
(83,936)
Net liabilities
(95,413)
(82,898)
Reserves
Income and expenditure account
(95,413)
(82,898)
Members' funds
(95,413)
(82,898)
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on
07 November 2024
07 November 2024
and are signed on its behalf by:
Dr B Frankel
Director
Company registration number 07711721 (England and Wales)
HADRIAN PRIMARY CARE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Hadrian Primary Care Alliance Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Corbridge Health Centre, Newcastle Road, Corbridge, Northumberland, England, NE45 5LG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Income and expenditure are included in the financial statements as they become receivable or due.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
Computer equipment
33% straight line
Medical equipment
33% straight line
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.5
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.
HADRIAN PRIMARY CARE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price.
1.7
Employee benefits
The costs of short-term employee benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Past and present employees are covered by the provisions of the NHS Pension Scheme. The scheme is an unfunded, defined benefit scheme that covers NHS employers, GP practices and other bodies, allowed under the direction of the Secretary of State, in England and Wales. The scheme is not designed to be run in a way that would enable NHS bodies to identify their share of the underlying scheme assets and liabilities. Therefore, the scheme is accounted for as if it were a defined contribution scheme: the cost to the NHS Body of participating in the scheme is taken as equal to the contributions payable to the scheme for the accounting period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Total
35
6
HADRIAN PRIMARY CARE ALLIANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Medical equipment
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
2,369
24,941
989
28,299
Depreciation
At 1 April 2023
1,331
24,941
989
27,261
Depreciation charged in the year
155
155
At 31 March 2024
1,486
24,941
989
27,416
Carrying amount
At 31 March 2024
883
883
At 31 March 2023
1,038
1,038
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
147,751
135,784
Other debtors
9,657
117,071
Prepayments and accrued income
13,631
4,194
171,039
257,049
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
647,327
678,467
6
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.