REGISTERED NUMBER: 05129061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

PRIMROSE BANK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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