REGISTERED NUMBER: 10653436 (England and Wales)

PrimeCare Management Services Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr A Atas

REGISTERED OFFICE:

111 Newington Green Road

London

N1 4QY

REGISTERED NUMBER:

10653436 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PrimeCare Management Services Limited for the year ended 31 March 2025 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PrimeCare Management Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PrimeCare Management Services Limited and state those matters that we have agreed to state to the director of PrimeCare Management Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PrimeCare Management Services Limited and its director for our work or for this report.

It is your duty to ensure that PrimeCare Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PrimeCare Management Services Limited. You consider that PrimeCare Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PrimeCare Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

6 December 2025

FIXED ASSETS

Property, plant and equipment

4

51,674

33,263

Investments

5

1,313,232

1,313,232

1,364,906

1,346,495

CURRENT ASSETS

Inventories

6

49,112

46,137

Debtors

7

568,826

134,540

Cash at bank and in hand

444,041

582,373

1,061,979

763,050

CREDITORS

Amounts falling due within one year

8

786,601

670,748

NET CURRENT ASSETS

275,378

92,302

TOTAL ASSETS LESS CURRENT LIABILITIES

1,640,284

1,438,797

CREDITORS

Amounts falling due after more than one year

9

(868,423

)

(919,253

)

PROVISIONS FOR LIABILITIES

11

(8,472

)

(3,313

)

NET ASSETS

763,389

516,231

CAPITAL AND RESERVES

Called up share capital

12

1

1

Retained earnings

13

763,388

516,230

SHAREHOLDERS' FUNDS

763,389

516,231

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 6 December 2025 and were signed by:

Mr A Atas - Director

1.	STATUTORY INFORMATION

PrimeCare Management Services 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.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Tangible fixed assets

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

Short leasehold

-

straight line over the life of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Inventories 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 Statement of Income and Retained Earnings, 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 7 (2024 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

33,351

3,253

51,440

3,325

91,369

Additions

-

-

30,000

1,930

31,930

At 31 March 2025

33,351

3,253

81,440

5,255

123,299

DEPRECIATION

At 1 April 2024

13,340

1,739

41,461

1,566

58,106

Charge for year

2,224

378

9,995

922

13,519

At 31 March 2025

15,564

2,117

51,456

2,488

71,625

NET BOOK VALUE

At 31 March 2025

17,787

1,136

29,984

2,767

51,674

At 31 March 2024

20,011

1,514

9,979

1,759

33,263

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,313,232

NET BOOK VALUE

At 31 March 2025

1,313,232

At 31 March 2024

1,313,232

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Conochem Management Ltd

Registered office: UK

Nature of business: Pharmaceutical services

%

Class of shares:

holding

Ordinary

100.00

6.	INVENTORIES

2025

2024

£

£

Stocks

49,112

46,137

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

121,646

105,822

Other debtors

447,180

28,718

568,826

134,540

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

243,961

262,246

Trade creditors

134,305

161,971

Amounts owed to group undertakings

301,547

158,350

Taxation and social security

95,277

76,016

Other creditors

11,511

12,165

786,601

670,748

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

868,423

919,253

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

674,423

740,053

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

20,000

20,000

Between one and five years

80,000

80,000

In more than five years

60,000

80,000

160,000

180,000

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

8,472

3,313

Deferred

tax

£

Balance at 1 April 2024

3,313

Charge to Statement of Income and Retained Earnings during year

5,159

Balance at 31 March 2025

8,472

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

13.

RESERVES

Retained

earnings

£

At 1 April 2024

516,230

Profit for the year

324,158

Dividends

(77,000

)

At 31 March 2025

763,388

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr A Atas

Balance outstanding at start of year

-

68,000

Amounts repaid

-

(68,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The director had repaid the balance of £68,000 owed to the company by 7th December 2023.

15.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel at balance sheet date of £1,717 (2024: £651). No interest is charged on this balance and it is repayable on demand.