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Registration number: 09085732

Coventry and Rugby GP Alliance Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2024 to 5 April 2025

 

Coventry and Rugby GP Alliance Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Coventry and Rugby GP Alliance Limited

Company Information

Directors

Mr P J Elkin

Mrs P Marson

Mr Z Khan

Dr J Krishnarajapuram

Dr K H Mandhyan

Registered office

The Boiler House, Electric Wharf
Sandy Lane
Coventry
CV1 4JU

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Coventry and Rugby GP Alliance Limited

(Registration number: 09085732)
Balance Sheet as at 5 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

11,528

6,921

Investments

5

1

1

 

11,529

6,922

Current assets

 

Stocks

6

6,525

4,961

Debtors

7

884,506

2,868,822

Cash at bank and in hand

 

3,316,929

1,306,097

 

4,207,960

4,179,880

Creditors: Amounts falling due within one year

8

(3,307,598)

(3,307,494)

Net current assets

 

900,362

872,386

Net assets

 

911,891

879,308

Capital and reserves

 

Called up share capital

4,007

4,007

Retained earnings

907,884

875,301

Shareholders' funds

 

911,891

879,308

For the financial period ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2025 and signed on its behalf by:
 

.........................................
Dr J Krishnarajapuram
Director

   
     
 

Coventry and Rugby GP Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Boiler House, Electric Wharf
Sandy Lane
Coventry
CV1 4JU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Coventry and Rugby GP Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

3 years straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Coventry and Rugby GP Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 361 (2024 - 263).

 

Coventry and Rugby GP Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

14,213

14,213

Additions

12,461

12,461

At 5 April 2025

26,674

26,674

Depreciation

At 1 April 2024

7,292

7,292

Charge for the period

7,854

7,854

At 5 April 2025

15,146

15,146

Carrying amount

At 5 April 2025

11,528

11,528

At 31 March 2024

6,921

6,921

5

Investments

2025
£

2024
£

Investments in joint ventures

1

1

Joint ventures

£

Cost

At 1 April 2024

1

Carrying amount

At 5 April 2025

1

At 31 March 2024

1

 

Coventry and Rugby GP Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2025

2024

Joint ventures

Coventry and Warwickshire Integrated Primary Care Ltd

Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
WR9 0QH

Ordinary

50%

50%

England

6

Stocks

2025
£

2024
£

Other inventories

6,525

4,961

7

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

601,615

2,366,979

Amounts owed by related parties

10

141,881

147,285

Prepayments

 

120,071

323,133

Other debtors

 

20,939

31,425

   

884,506

2,868,822

 

Coventry and Rugby GP Alliance Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 5 April 2025

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Trade creditors

155,627

215,357

Taxation and social security

229,895

226,959

Accruals and deferred income

2,448,756

1,212,981

Other creditors

473,320

1,652,197

3,307,598

3,307,494

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

155,589

438,780

Later than one year and not later than five years

97,583

253,173

253,172

691,953

The amount of non-cancellable operating lease payments recognised as an expense during the period was £297,176 (2024 - £294,977).

10

Related party transactions

Summary of transactions with joint ventures

Coventry and Warwickshire Integrated Primary Care Ltd

Income and receivables from related parties

2025

Joint ventures
£

Amounts receivable from related party

141,881

2024

Joint ventures
£

Amounts receivable from related party

147,285