ACCOUNTS - Final Accounts preparation

Registered number: 12884034

GREENWICH PCN ALLIANCE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

GREENWICH PCN ALLIANCE LIMITED

REGISTERED NUMBER: 12884034

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	117,932		77,134
Cash at bank and in hand	5	562,195		621,527
		680,127		698,661
Creditors: amounts falling due within one year	6	(660,404)		(682,510)
Net current assets			19,723		16,151
Total assets less current liabilities			19,723		16,151

Net assets			19,723		16,151

Capital and reserves
Called up share capital	19	19
Capital redemption reserve	5	5
Profit and loss account	19,699	16,127
	19,723	16,151

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Nayan Patel

Director

Date: 15 December 2025

The notes on pages 4 to 6 form part of these financial statements.

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GREENWICH PCN ALLIANCE LIMITED

REGISTERED NUMBER: 12884034

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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GREENWICH PCN ALLIANCE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2023	24	-	13,784	13,808
Comprehensive income for the year
Profit for the year	-	-	2,343	2,343
Purchase of own shares	-	5	-	5
Shares cancelled during the year	(5)	-	-	(5)

At 1 April 2024	19	5	16,127	16,151
Comprehensive income for the year
Profit for the year	-	-	3,572	3,572
At 31 March 2025	19	5	19,699	19,723

The notes on pages 4 to 6 form part of these financial statements.

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GREENWICH PCN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Greenwich PCN Alliance Limited is a company limited by shares, incorporated in England and Wales, registered number 12884034.

The registered office and principal place of business is Memorial Hospital (Greenwich) Shooters Hill, Woolwich, London, SE18 3RG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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GREENWICH PCN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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GREENWICH PCN ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 55 (2024 - 48).

Debtors

					2025	2024
					£	£


Trade debtors	112,149	75,339
Prepayments and accrued income	5,783	1,795
	117,932	77,134

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	562,195	621,527

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	65,544	34,914
Corporation tax	695	1,043
Other creditors	76,700	134,885
Accruals and deferred income	517,465	511,668
	660,404	682,510

7.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totaling £29,046 (2024 - £31,428) were payable to the fund at the balance sheet date.

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