REGISTERED NUMBER: SC616049 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BNC Healthcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Ali

A Ramzan

REGISTERED OFFICE:

364A Dumbarton Road

Glasgow

G11 6RZ

REGISTERED NUMBER:

SC616049 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

4

372,800

466,000

Tangible assets

5

127,140

138,640

Investments

6

6,957,311

2,972,566

7,457,251

3,577,206

CURRENT ASSETS

Stocks

45,000

45,000

Debtors

7

3,508,492

3,680,883

Cash at bank and in hand

163,785

130,248

3,717,277

3,856,131

CREDITORS

Amounts falling due within one year

8

(1,795,636

)

(1,009,338

)

NET CURRENT ASSETS

1,921,641

2,846,793

TOTAL ASSETS LESS CURRENT LIABILITIES

9,378,892

6,423,999

CREDITORS

Amounts falling due after more than one year

9

(6,556,045

)

(6,040,306

)

PROVISIONS FOR LIABILITIES

(5,905

)

(5,905

)

NET ASSETS

2,816,942

377,788

CAPITAL AND RESERVES

Called up share capital

27

-

Share premium

2,428,332

-

Retained earnings

388,583

377,788

SHAREHOLDERS' FUNDS

2,816,942

377,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:

A Ramzan - Director

1.	STATUTORY INFORMATION

BNC Healthcare Limited is a private company, limited by shares , registered in Scotland. 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

932,000

AMORTISATION

At 1 January 2024

466,000

Charge for year

93,200

At 31 December 2024

559,200

NET BOOK VALUE

At 31 December 2024

372,800

At 31 December 2023

466,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

140,240

68,176

208,416

DEPRECIATION

At 1 January 2024

14,000

55,776

69,776

Charge for year

2,800

8,700

11,500

At 31 December 2024

16,800

64,476

81,276

NET BOOK VALUE

At 31 December 2024

123,440

3,700

127,140

At 31 December 2023

126,240

12,400

138,640

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

2,972,566

Additions

3,984,745

At 31 December 2024

6,957,311

NET BOOK VALUE

At 31 December 2024

6,957,311

At 31 December 2023

2,972,566

The company's investments at the Balance Sheet date in the share capital of companies include the following:

GNA Healthcare Limited

Registered office: 7-9 Kilmarnock Road Glasgow G41 3YN

Nature of business: Pharmacy

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

1,499,012

1,367,535

Profit for the year

131,477

200,409

Parkhead Health Centre Pharmacy Limited

Registered office: 101 Salamanca Street Glasgow G31 5BA

Nature of business: Pharmacy

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

1,046,830

788,968

Profit for the year

257,862

113,205

Aruga Health Limited

Registered office: 3 Dava Street Glasgow G51 2JA

Nature of business: Holding Company

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

5

5

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

148,972

90,029

Amounts owed by associates

3,341,605

3,564,855

Other debtors

17,915

25,999

3,508,492

3,680,883

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

174,000

144,000

Trade creditors

97,544

99,163

Amounts owed to associates

1,437,330

661,320

Taxation and social security

74,262

87,555

Other creditors

12,500

17,300

1,795,636

1,009,338

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,556,045

5,040,306

Other creditors

1,000,000

1,000,000

6,556,045

6,040,306

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than

five years

4,730,045

4,367,306

4,730,045

4,367,306

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A Ramzan

Balance outstanding at start of year

540,000

540,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

540,000

540,000

G Ali

Balance outstanding at start of year

460,000

1,000,000

Amounts repaid

-

(540,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

460,000

460,000

11.	SHARE-BASED PAYMENT TRANSACTIONS

The company issued 665 Ordinary Shares in return for the purchase of a 40% interest in GNA Healthcare Limited. a 60% interest in Aruga Health Limited and to satisfy a debt of £601,666 relating to the purchase of shares in GNA Healthcare Limited.