Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01false22falsetruefalse 10407979 2023-10-01 2024-09-30 10407979 2022-10-01 2023-09-30 10407979 2024-09-30 10407979 2023-09-30 10407979 c:Director1 2023-10-01 2024-09-30 10407979 d:Buildings 2024-09-30 10407979 d:Buildings 2023-09-30 10407979 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10407979 d:FurnitureFittings 2024-09-30 10407979 d:FurnitureFittings 2023-09-30 10407979 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10407979 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10407979 d:CurrentFinancialInstruments 2024-09-30 10407979 d:CurrentFinancialInstruments 2023-09-30 10407979 d:Non-currentFinancialInstruments 2024-09-30 10407979 d:Non-currentFinancialInstruments 2023-09-30 10407979 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10407979 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10407979 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10407979 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10407979 d:ShareCapital 2024-09-30 10407979 d:ShareCapital 2023-09-30 10407979 d:RetainedEarningsAccumulatedLosses 2024-09-30 10407979 d:RetainedEarningsAccumulatedLosses 2023-09-30 10407979 c:FRS102 2023-10-01 2024-09-30 10407979 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10407979 c:FullAccounts 2023-10-01 2024-09-30 10407979 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10407979 2 2023-10-01 2024-09-30 10407979 6 2023-10-01 2024-09-30 10407979 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 10407979













Primrose Holdings Limited

Financial statements
Information for filing with the registrar

30 September 2024




 
Primrose Holdings Limited


Balance sheet
At 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
790,169
791,277

Investments
 5 
200
200

  
790,369
791,477

Current assets
  

Debtors
 6 
1,062,635
426,657

Cash at bank and in hand
  
1
4

  
1,062,636
426,661

Creditors: amounts falling due within one year
 7 
(1,084,157)
(453,392)

Net current liabilities
  
 
 
(21,521)
 
 
(26,731)

Total assets less current liabilities
  
768,848
764,746

Creditors: amounts falling due after more than one year
 8 
(593,804)
(608,981)

Provisions for liabilities
  

Deferred tax
  
(1,570)
(1,847)

Net assets
  
173,474
153,918


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
173,374
153,818

Shareholders' funds
  
173,474
153,918


1

 
Primrose Holdings Limited

    
Balance sheet (continued)
At 30 September 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2025.




M Forty
Director

Registered number: 10407979
The notes on pages 3 to 7 form part of these financial statements. 

2

 
Primrose Holdings Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

1.


General information

Primrose Holdings Limited ("the company") is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 532 Streetsbrook Road, Solihull, West Midlands, B91 1RD, United Kingdom.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

 
2.2

Revenue

The turnover shown in the profit and loss account represents rental income receivable.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
Primrose Holdings Limited
 

 
Notes to the financial statements
Year ended 30 September 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

4

 
Primrose Holdings Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost


At 1 October 2023
783,889
12,030
795,919



At 30 September 2024

783,889
12,030
795,919



Depreciation


At 1 October 2023
-
4,642
4,642


Charge for the year
-
1,108
1,108



At 30 September 2024

-
5,750
5,750



Net book value



At 30 September 2024
783,889
6,280
790,169



At 30 September 2023
783,889
7,388
791,277

5

 
Primrose Holdings Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2023
200



At 30 September 2024
200




6

 
Primrose Holdings Limited
 
 

Notes to the financial statements
Year ended 30 September 2024

6.


Debtors

2024
2023
£
£


Other debtors
1,062,635
426,657

1,062,635
426,657



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
20,872
20,872

Amounts owed to group undertakings
1,053,895
424,478

Corporation tax
7,061
5,767

Accruals and deferred income
2,329
2,275

1,084,157
453,392



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
593,804
608,981

593,804
608,981



9.


Related party transactions

Primrose Holdings Limited transacted with Orthodontics For You (Solihull) Limited and Orthodontics For You (Bromsgrove) Limited, its subsidiarys in which it owns shares, by way of an intercompany account. 
At 30 September 2023, the company owed £1,318,771 (2023: £704,354) to Orthodontics For You (Solihull) Limited.
At 30 September 2024, the company was owed £264,876 (2023: £279,876) by Orthodontics For You (Bromsgrove) Limited.

 
7