REGISTERED NUMBER: 12264331 (England and Wales)

PARTNERSHEALTH 2020 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Dr M F D Jelpke

Ms S G Lyon

Dr N A Fraser

Dr N P Cartwright

Dr L A Ovenden

Dr G Sahota

REGISTERED OFFICE:

Partnershealth 2020 Ltd Cotgrave Surgery

The Cotgrave Hub, Rivermead

Cotgrave

Nottingham

NG12 3UQ

REGISTERED NUMBER:

12264331 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

816,052

810,031

CURRENT ASSETS

Stocks

4,568

4,082

Debtors

5

523,355

463,183

Cash at bank

1,151,502

1,103,295

1,679,425

1,570,560

CREDITORS

Amounts falling due within one year

6

545,959

538,367

NET CURRENT ASSETS

1,133,466

1,032,193

TOTAL ASSETS LESS CURRENT LIABILITIES

1,949,518

1,842,224

CREDITORS

Amounts falling due after more than one year

7

(452,109

)

(469,827

)

PROVISIONS FOR LIABILITIES

(3,347

)

(1,748

)

NET ASSETS

1,494,062

1,370,649

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

1,494,058

1,370,645

SHAREHOLDERS' FUNDS

1,494,062

1,370,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 10 September 2025 and were signed on its behalf by:

Ms S G Lyon - Director

Dr M F D Jelpke - Director

1.	STATUTORY INFORMATION

Partnershealth 2020 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 100 (2024 - 97 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2024

800,972

13,432

814,404

Additions

-

8,683

8,683

At 5 April 2025

800,972

22,115

823,087

DEPRECIATION

At 6 April 2024

-

4,373

4,373

Charge for year

-

2,662

2,662

At 5 April 2025

-

7,035

7,035

NET BOOK VALUE

At 5 April 2025

800,972

15,080

816,052

At 5 April 2024

800,972

9,059

810,031

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

381,993

372,928

Other debtors

141,362

90,255

523,355

463,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,000

17,000

Trade creditors

112,086

75,043

Taxation and social security

114,246

128,635

Other creditors

302,627

317,689

545,959

538,367

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

452,109

469,827

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5

years

385,109

402,827

385,109

402,827

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

469,109

486,827

The bank loan is secured against the Gamston Medical Centre.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary

£1

4

4