IRIS Accounts Production v25.2.0.378 05129061 Board of Directors 1.5.24 30.4.25 30.4.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05129061 2024-04-30 05129061 2025-04-30 05129061 2024-05-01 2025-04-30 05129061 2023-04-30 05129061 2023-05-01 2024-04-30 05129061 2024-04-30 05129061 ns15:EnglandWales 2024-05-01 2025-04-30 05129061 ns14:PoundSterling 2024-05-01 2025-04-30 05129061 ns10:Director1 2024-05-01 2025-04-30 05129061 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05129061 ns10:SmallEntities 2024-05-01 2025-04-30 05129061 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 05129061 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 05129061 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05129061 ns10:FullAccounts 2024-05-01 2025-04-30 05129061 ns10:Director2 2024-05-01 2025-04-30 05129061 ns10:Director3 2024-05-01 2025-04-30 05129061 ns10:RegisteredOffice 2024-05-01 2025-04-30 05129061 ns5:CurrentFinancialInstruments 2025-04-30 05129061 ns5:CurrentFinancialInstruments 2024-04-30 05129061 ns5:Non-currentFinancialInstruments 2025-04-30 05129061 ns5:Non-currentFinancialInstruments 2024-04-30 05129061 ns5:ShareCapital 2025-04-30 05129061 ns5:ShareCapital 2024-04-30 05129061 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 05129061 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 05129061 ns5:NetGoodwill 2024-05-01 2025-04-30 05129061 ns5:IntangibleAssetsOtherThanGoodwill 2024-05-01 2025-04-30 05129061 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-05-01 2025-04-30 05129061 ns5:FurnitureFittings 2024-05-01 2025-04-30 05129061 ns5:LandBuildings 2024-04-30 05129061 ns5:FurnitureFittings 2024-04-30 05129061 ns5:LandBuildings 2024-05-01 2025-04-30 05129061 ns5:LandBuildings 2025-04-30 05129061 ns5:FurnitureFittings 2025-04-30 05129061 ns5:LandBuildings 2024-04-30 05129061 ns5:FurnitureFittings 2024-04-30 05129061 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 05129061 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 05129061 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-04-30 05129061 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-04-30 05129061 ns5:Non-currentFinancialInstruments 2024-05-01 2025-04-30 05129061 ns5:Secured 2025-04-30 05129061 ns5:Secured 2024-04-30 05129061 ns5:DeferredTaxation 2024-04-30 05129061 ns5:DeferredTaxation 2024-05-01 2025-04-30 05129061 ns5:DeferredTaxation 2025-04-30

REGISTERED NUMBER: 05129061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

PRIMROSE BANK LTD

| PRIMROSE BANK LTD (REGISTERED NUMBER: 05129061) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| PRIMROSE BANK LTD |

COMPANY INFORMATION

for the year ended 30 April 2025

| DIRECTORS: | Dr G Abbas

| Mrs E C Abbas

| Mrs J E Moore

| REGISTERED OFFICE: | Primrose Bank Care Home

| 153 Breck Road

| Poulton-Le-Fylde

| Lancashire

| FY6 7HJ

| REGISTERED NUMBER: | 05129061 (England and Wales)

| ACCOUNTANTS: | Jones Harris Limited

| 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| PRIMROSE BANK LTD (REGISTERED NUMBER: 05129061) |

BALANCE SHEET

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,657,974 |  | 1,694,695 |  |

CURRENT ASSETS

Stocks | 400 |  | 400 |  |

Debtors | 5 | 113,484 |  | 150,086 |  |

Cash at bank and in hand | 109,454 |  | 100,469 |  |

223,338 |  | 250,955 |  |

CREDITORS

Amounts falling due within one year | 6 | (451,920 | ) | (521,306 | ) |

NET CURRENT LIABILITIES | (228,582 | ) | (270,351 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,429,392 |  | 1,424,344 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (870,885 | ) | (934,400 | ) |

PROVISIONS FOR LIABILITIES | 9 | (22,823 | ) | (28,180 | ) |

NET ASSETS | 535,684 |  | 461,764 |  |

CAPITAL AND RESERVES

Called up share capital | 140 |  | 140 |  |

Retained earnings | 535,544 |  | 461,624 |  |

SHAREHOLDERS' FUNDS | 535,684 |  | 461,764 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

| PRIMROSE BANK LTD (REGISTERED NUMBER: 05129061) |

BALANCE SHEET - continued

30 April 2025

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 30 September 2025 and were signed on its behalf by:

Dr G Abbas - Director

| PRIMROSE BANK LTD (REGISTERED NUMBER: 05129061) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| Primrose Bank 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.

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 represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

| 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.

| Freehold property | - | not provided

| Fixtures and fittings | - | 10% on cost

| Freehold property is not depreciated because the directors feel the standard to which the property has to be kept to will not result in a reduction in value.

| 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.

| PRIMROSE BANK LTD (REGISTERED NUMBER: 05129061) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The directors are satisfied at the time of approving the financial statements that the company has

| adequate resources to continue to operate for the foreseeable future and as such, continues to adopt

| the going concern basis in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 42 (2024 - 42 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 1,537,829 |  | 540,171 |  | 2,078,000 |  |

| Additions | - |  | 17,840 |  | 17,840 |  |

| Disposals | - |  | (11,573 | ) | (11,573 | ) |

| At 30 April 2025 | 1,537,829 |  | 546,438 |  | 2,084,267 |  |

| DEPRECIATION

| At 1 May 2024 | - |  | 383,305 |  | 383,305 |  |

| Charge for year | - |  | 53,854 |  | 53,854 |  |

| Eliminated on disposal | - |  | (10,866 | ) | (10,866 | ) |

| At 30 April 2025 | - |  | 426,293 |  | 426,293 |  |

| NET BOOK VALUE

| At 30 April 2025 | 1,537,829 |  | 120,145 |  | 1,657,974 |  |

| At 30 April 2024 | 1,537,829 |  | 156,866 |  | 1,694,695 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 102,341 |  | 139,759 |  |

| Prepayments | 11,143 |  | 10,327 |  |

113,484 |  | 150,086 |  |

| PRIMROSE BANK LTD (REGISTERED NUMBER: 05129061) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 April 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 73,529 |  | 76,811 |  |

| Trade creditors | 10,302 |  | 15,436 |  |

| Tax | 30,990 |  | 18,331 |  |

| Social security and other taxes | 21,325 |  | 44,117 |  |

| Directors' current accounts | 216,234 |  | 275,441 |  |

| Accruals and deferred income | 99,540 |  | 91,170 |  |

451,920 |  | 521,306 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 870,885 |  | 934,400 |  |

| Bank loans outstanding at the year end amounted to £944,413 (2024 - £1,011,211) and include instalments due after more than five years of £589,520 (2024 - £636,228).

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 944,414 |  | 1,011,211 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 22,823 |  | 28,180 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 28,180 |  |

| Credit to Income Statement during year | (5,357 | ) |

| Balance at 30 April 2025 | 22,823 |  |