REGISTERED NUMBER: 08767680 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROMEDICA24 UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K E Twardowska

G Wrzosek

REGISTERED OFFICE:

Suite 38 Hardmans Business Centre

New Hall Hey Road

Rawtenstall

Lancashire

BB4 6HH

REGISTERED NUMBER:

08767680 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

395

CURRENT ASSETS

Debtors

5

41,394

486,268

Cash at bank

15,974

2,621

57,368

488,889

CREDITORS

Amounts falling due within one year

6

16,453

20,318

NET CURRENT ASSETS

40,915

468,571

TOTAL ASSETS LESS CURRENT LIABILITIES

40,915

468,966

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

(159,085

)

268,966

SHAREHOLDERS' FUNDS

40,915

468,966

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

G Wrzosek - Director

1.	STATUTORY INFORMATION

Promedica24 UK 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.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate as the parent company will continue to support the company in the future. As the company has now ceased to trade, and there is significant uncertainty over the recoverability of debtors the company would be unable to continue in existence without the ongoing support of the parent company. It is therefore considered that there is a material uncertainty over whether the going concern basis is appropriate in the long term.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of care services provided during the year, net of value added tax and adjusted for accrued and deferred income.

The company provides varying levels of ongoing live-in care services and raises invoices for these services based on pre agreed weekly rates. As such, fair value reflects amounts invoiced during the year plus amounts expected to be recovered from clients in respect of services provided at the balance sheet date which has not yet been invoiced to clients.

Intragroup recharges

Turnover represents the sale of management and advisory services, excluding value added tax, during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on cost

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits

Current tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 are charged to the profit and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

6,421

Disposals

(6,421

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

6,026

Eliminated on disposal

(6,026

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

395

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

38,597

65,942

Other debtors

2,797

8,142

Balances due from group undertakings

-

412,184

41,394

486,268

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

10,333

14,198

Accruals and deferred income

6,120

6,120

16,453

20,318

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We have not been able to obtain sufficient, appropriate evidence to allow us to determine whether or not the debtors are recoverable. As such, we have been unable to determine whether the financial statements show a true and fair view of the company's position.

Katharine Halsall (Senior Statutory Auditor)

for and on behalf of Caldwell Penn Limited, Statutory Auditor

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the amounts due from group companies were as follows:

Promedica24 (Lancashire) Ltd

-

£nil

(2023 - £409,788)

Promedica Plus UK Limited

-

£nil

(2023 - £2,396)

These amounts are included in 'Balances due from group undertakings'.

9.	ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is PineBridge New Europe Partners II-A, L.P., a company registered in the state of Cayman Islands. The parent's business and mailing address is 399 Park Avenue, 4th Floor, New York, NY, 10022.

10.	MATERIAL UNCERTAINTY OVER GOING CONCERN

The company has now ceased to trade, and there is significant uncertainty over the recoverability of the remaining debtors. The company is entirely reliant upon the support of the parent company and other group entities and would be unable to continue in existence without this support. It is therefore considered that there is a material uncertainty over whether the going concern basis is appropriate in the long term.