Company registration number 09501625 (England and Wales)
PRIMOS CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
PRIMOS CARE LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
PRIMOS CARE LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs A O Fagbenro
Mr A A Fagbenro
Company number
09501625
Registered office
34a/34b Church Road
Brightlingsea
Colchester
Essex
CO7 0JF
Accountants
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
PRIMOS CARE LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 2 -
31 May 2025
31 August 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
473,832
Current assets
Debtors
5
44,620
6,360
Cash at bank and in hand
5,104
6,828
49,724
13,188
Creditors: amounts falling due within one year
6
(19,656)
(371,125)
Net current assets/(liabilities)
30,068
(357,937)
Net assets
30,068
115,895
Capital and reserves
Called up share capital
10
10
Share premium account
264,990
264,990
Equity reserve
506,555
506,555
Profit and loss reserves
(741,487)
(655,660)
Total equity
30,068
115,895
PRIMOS CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 3 -

For the financial period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr A A Fagbenro
Director
Company registration number 09501625 (England and Wales)
PRIMOS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

Primos Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is 34a/34b Church Road, Brightlingsea, Colchester, Essex, CO7 0JF.

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 on a cessation basis. Assets and liabilities have been recognised at the value at which they will be recovered/settled. The principal accounting policies adopted are set out below.

1.2
Reporting period

These accounts have been prepared for the period 1 September 2024 to 31 May 2025, when the company sold the freehold property. The care home closed and the company ceased trading in August 2024. The comparative figures are for the 7 month ending 31 August 2024.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
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.

PRIMOS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -

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:

Freehold land and buildings
5% straight line
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
2
11
PRIMOS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024
188,000
Disposals
(188,000)
At 31 May 2025
-
0
Amortisation and impairment
At 1 September 2024
188,000
Disposals
(188,000)
At 31 May 2025
-
0
Carrying amount
At 31 May 2025
-
0
At 31 August 2024
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
606,397
76,112
682,509
Disposals
(606,397)
(76,112)
(682,509)
At 31 May 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 September 2024
132,565
76,112
208,677
Depreciation charged in the period
20,213
-
0
20,213
Eliminated in respect of disposals
(152,778)
(76,112)
(228,890)
At 31 May 2025
-
0
-
0
-
0
Carrying amount
At 31 May 2025
-
0
-
0
-
0
At 31 August 2024
473,832
-
0
473,832
PRIMOS CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
44,620
-
0
Other debtors
-
0
6,360
44,620
6,360
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
-
0
359,043
Other creditors
19,656
12,082
19,656
371,125
7
Related party transactions

In October 2023 the entire share capital of the company was sold to Treal Care UK Limited, a company under the control of the directors. As part of the transaction the previous shareholders settled liabilities of the company amounting to £506,555. This amount has been transferred to the equity reserve.

8
Parent company

The parent company of Primos Care Limited is Treal Care UK Limited and its registered office is Office 3&4, 321-323 High road, Chadwell Heath, Romford, Essex, RM6 6AX.

2025-05-312024-09-01falsefalsefalse10 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMrs A O FagbenroMr A A Fagbenro095016252024-09-012025-05-3109501625bus:Director12024-09-012025-05-3109501625bus:Director22024-09-012025-05-3109501625bus:RegisteredOffice2024-09-012025-05-31095016252025-05-31095016252024-08-3109501625core:LandBuildings2025-05-3109501625core:OtherPropertyPlantEquipment2025-05-3109501625core:LandBuildings2024-08-3109501625core:OtherPropertyPlantEquipment2024-08-3109501625core:CurrentFinancialInstrumentscore:WithinOneYear2025-05-3109501625core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3109501625core:CurrentFinancialInstruments2025-05-3109501625core:CurrentFinancialInstruments2024-08-3109501625core:ShareCapital2025-05-3109501625core:ShareCapital2024-08-3109501625core:SharePremium2025-05-3109501625core:SharePremium2024-08-3109501625core:OtherReservesSubtotal2025-05-3109501625core:OtherReservesSubtotal2024-08-3109501625core:RetainedEarningsAccumulatedLosses2025-05-3109501625core:RetainedEarningsAccumulatedLosses2024-08-3109501625core:Goodwill2024-09-012025-05-3109501625core:LandBuildingscore:OwnedOrFreeholdAssets2024-09-012025-05-3109501625core:FurnitureFittings2024-09-012025-05-3109501625core:ComputerEquipment2024-09-012025-05-31095016252024-02-012024-08-3109501625core:NetGoodwill2024-08-3109501625core:NetGoodwill2025-05-3109501625core:NetGoodwill2024-09-012025-05-3109501625core:NetGoodwill2024-08-3109501625core:LandBuildings2024-08-3109501625core:OtherPropertyPlantEquipment2024-08-31095016252024-08-3109501625core:LandBuildings2024-09-012025-05-3109501625core:OtherPropertyPlantEquipment2024-09-012025-05-3109501625core:WithinOneYear2025-05-3109501625core:WithinOneYear2024-08-3109501625bus:PrivateLimitedCompanyLtd2024-09-012025-05-3109501625bus:SmallCompaniesRegimeForAccounts2024-09-012025-05-3109501625bus:FRS1022024-09-012025-05-3109501625bus:AuditExemptWithAccountantsReport2024-09-012025-05-3109501625bus:FullAccounts2024-09-012025-05-31xbrli:purexbrli:sharesiso4217:GBP