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REGISTERED NUMBER: 07690788 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

PRIMERA ASSISTED LIVING LIMITED

PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


PRIMERA ASSISTED LIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: A V Rombo
A J Short
Mrs M P O'Donovan
Miss C M O'Donovan





REGISTERED OFFICE: 22A Caroline Street
St Paul's Square
BIRMINGHAM
West Midlands
B3 1UE





REGISTERED NUMBER: 07690788 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PRIMERA ASSISTED LIVING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primera Assisted Living Limited for the year ended 30th September 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Primera Assisted Living Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Primera Assisted Living Limited and state those matters that we have agreed to state to the Board of Directors of Primera Assisted Living Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primera Assisted Living Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Primera Assisted Living Limited. You consider that Primera Assisted Living Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Primera Assisted Living Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


26th June 2025

PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,633 7,903
7,633 7,903

CURRENT ASSETS
Debtors 6 993,872 1,002,015
Cash at bank and in hand 348 5,777
994,220 1,007,792
CREDITORS
Amounts falling due within one year 7 (513,476 ) (425,286 )
NET CURRENT ASSETS 480,744 582,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,377

590,409

CREDITORS
Amounts falling due after more than one
year

8

(6,947

)

(16,590

)

PROVISIONS FOR LIABILITIES - (667 )
NET ASSETS 481,430 573,152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 481,330 573,052
SHAREHOLDERS' FUNDS 481,430 573,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2025 and were signed on its behalf by:





A V Rombo - Director


PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Primera Assisted Living 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.

Preparation of consolidated financial statements
The parent of the group is exempt under S399(2A) of the Companies Act 2006 from preparing consolidated financial statements as the group is small.

Turnover
Turnover represents net invoiced sales of goods/services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the period of the lease
Fixtures and fittings - at varying rates on cost
Computer equipment - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Bounce back loan scheme
Loans received under the Covid Bounce Back Loan Scheme (CIBLS) are recorded at the transaction price ie the cash received, unless there is a material difference between the actual rate of interest on the loan and a market rate for a similar debt. Under the scheme, the loan carries a government-backed guarantee and the government makes a business interruption payment (BIP), ie the government pays any fees and interest payments for the first twelve months. Accordingly the BIP is grossed up and shown as government grants received and the fees and interest payments included in the profit and loss account in the period they relate to.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 172 (2023 - 194 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 188,265
AMORTISATION
At 1st October 2023
and 30th September 2024 188,265
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 7,982 73,701 81,683
Additions - 3,327 3,327
Disposals - (5,284 ) (5,284 )
At 30th September 2024 7,982 71,744 79,726
DEPRECIATION
At 1st October 2023 3,592 70,188 73,780
Charge for year 1,599 1,998 3,597
Eliminated on disposal - (5,284 ) (5,284 )
At 30th September 2024 5,191 66,902 72,093
NET BOOK VALUE
At 30th September 2024 2,791 4,842 7,633
At 30th September 2023 4,390 3,513 7,903

PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 433,812 468,457
Amounts owed by group undertakings 503,190 471,304
Other debtors 56,870 62,254
993,872 1,002,015

The sales ledger of the company is wholly factored. As most of the risks remain with the company the separate presentation approach has been adopted.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,835 10,239
Trade creditors 34,760 32,753
Taxation and social security 48,230 49,723
Other creditors 366,651 332,571
513,476 425,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,947 16,590

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 49,136 63,847
Between one and five years 37,623 30,812
86,759 94,659

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 52,628 -
Bank loans 18,154 26,829
Owed to factoring company - 180,844
70,782 207,673

The bank loan is secured by a fixed and floating charge over the assets of the company.

PRIMERA ASSISTED LIVING LIMITED (REGISTERED NUMBER: 07690788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Adept Healthcare Limited.

This company's registered office is 2-4 Trinity Court, West Street, Fareham PO16 0BH.