REGISTERED NUMBER: 03523063 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Prima Healthcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Paw

Mrs K P Paw

SECRETARY:

Mr P J Paw

REGISTERED OFFICE:

Prima House

15a Wedge Street

Walsall

WS1 2HQ

REGISTERED NUMBER:

03523063 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Tangible assets

4

453,020

458,564

CURRENT ASSETS

Debtors

5

18,517

109,413

Cash at bank and in hand

91,358

82,114

109,875

191,527

CREDITORS

Amounts falling due within one year

6

(93,687

)

(93,057

)

NET CURRENT ASSETS

16,188

98,470

TOTAL ASSETS LESS CURRENT LIABILITIES

469,208

557,034

CREDITORS

Amounts falling due after more than one year

7

(33,334

)

(83,334

)

PROVISIONS FOR LIABILITIES

(9,000

)

(8,355

)

NET ASSETS

426,874

465,345

CAPITAL AND RESERVES

Called up share capital

8

460,000

460,000

Retained earnings

(33,126

)

5,345

SHAREHOLDERS' FUNDS

426,874

465,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 October 2025 and were signed on its behalf by:

Mr P J Paw - Director

1.	STATUTORY INFORMATION

Prima Healthcare 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.

Turnover

Turnover represents amounts involved for the provision of residential care facilities.

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

The company policy for freehold property is to maintain the freehold building in such condition that its value is not diminished over the passage of time. The relevant expenditure incurred in maintaining the property in its present condition is charged to the profit and loss account in the year in which it is incurred. The directors consider that the life of the building is so long and its residual value so high that any element of depreciation is immaterial and therefore no provision is made.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Going concern

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

414,588

53,374

189,098

657,060

Additions

-

-

1,161

1,161

At 31 March 2025

414,588

53,374

190,259

658,221

DEPRECIATION

At 1 April 2024

-

42,868

155,628

198,496

Charge for year

-

1,576

5,129

6,705

At 31 March 2025

-

44,444

160,757

205,201

NET BOOK VALUE

At 31 March 2025

414,588

8,930

29,502

453,020

At 31 March 2024

414,588

10,506

33,470

458,564

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as

restated

£

£

Trade debtors

11,561

16,068

Other debtors

54

83,065

Tax

-

3,908

Prepayments

6,902

6,372

18,517

109,413

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as

restated

£

£

Bank loans and overdrafts

50,000

50,000

Trade creditors

31,120

23,010

Social security and other taxes

10,548

8,663

Directors' current accounts

2,019

11,384

93,687

93,057

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as

restated

£

£

Bank loans - 2-5 years

33,334

83,334

8.	CALLED UP SHARE CAPITAL

31.3.23

31.3.22

£

£

Allotted, Called up and fully paid

460,000

460,000

9.	RELATED PARTY DISCLOSURES

Amounts owed by PrimaHC Limited : Nil (2024 - £83,065). Prima Healthcare Limited and PrimaHC Limited have the same directors and shareholders.

During the year, the company paid rent of £11,300 to Prima SSAS Pension Fund in which the directors are beneficiaries.