REGISTERED NUMBER: 07474135 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

Nationwide Healthcare Providers Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

14

DIRECTORS:

J Ahmad

M C Hallen

A K V Alfredsson

M Q Shiekh

REGISTERED OFFICE:

New Brook House 385 Alfreton Road

2nd Floor

Nottingham

NG7 5LR

REGISTERED NUMBER:

07474135 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

The directors are pleased with the results for the year and are satisfied with the position at the year end. The business has generated increased profit in the financial year through investment in additional surgeries.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the biggest threat to the business to be changes to recruitment resulting from Brexit. These changes could impact on the quantum of delivery of dental services.

KEY PERFORMANCE INDICATORS

The directors assess the performance of the business using the following financial key performance indicators: turnover, gross profit, profit before tax, cash and net assets. All of this information can be obtained from the financial statements.

FUTURE DEVELOPMENTS

The directors are confident that the demand for high quality dental services will continue and they are confident that they are well placed to deliver this service.

ON BEHALF OF THE BOARD:

J Ahmad - Director

19 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

J Ahmad

M C Hallen

A K V Alfredsson

Other changes in directors holding office are as follows:

M Q Shiekh was appointed as a director after 31 March 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J Ahmad - Director

19 December 2025

Opinion

We have audited the financial statements of Nationwide Healthcare Providers Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The capability to detect irregularities is based on the auditor identifying and assessing the risks of material misstatement of the financial statements, whether due to fraud or error, and then designing and performing audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

a) Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, the following approach was taken:

-

Understanding the nature of the industry and sector, control environment and business performance;

-

Consideration of the results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;

-

Understanding the company's policies and procedures on compliance with laws and regulations and management of fraud risk, including documentation of instances of non-compliance of laws and regulations and instances of actual, suspected or alleged fraud;

-

Consideration of matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

-

Understanding the legal and regulatory frameworks that the company operates in through enquiry of management and those charged with governance and understanding the company's industry and sector. The key laws and regulations that were considered to have an effect on material amounts and disclosures in the financial statements included the Companies Act and tax legislation.

b) Audit response to risks identified

Based on this understanding, the following audit procedures were designed and performed to respond to the risks identified:

-

Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations described as having a direct effect on the financial statement;

-

Enquiring of management, those charged with governance and, where applicable, the company's solicitors concerning actual and potential litigation and claims;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

Reviewing minutes of meetings of those charged with governance and, where applicable, correspondence with regulators;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and evaluating the business rationale of significant transactions outside the normal course of business;

-

Communication of potential fraud risks to all engagement team members and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Peter J Morris FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

22 December 2025

TURNOVER

30,207,997

20,447,836

Cost of sales

(14,339,282

)

(10,741,953

)

GROSS PROFIT

15,868,715

9,705,883

Administrative expenses

(8,781,867

)

(6,535,917

)

7,086,848

3,169,966

Other operating income

36,820

2,340

OPERATING PROFIT

4

7,123,668

3,172,306

Interest receivable and similar income

68,647

4,902

7,192,315

3,177,208

Interest payable and similar expenses

5

(130,520

)

(67,501

)

PROFIT BEFORE TAXATION

7,061,795

3,109,707

Tax on profit

6

(1,816,569

)

(848,334

)

PROFIT FOR THE FINANCIAL YEAR

5,245,226

2,261,373

FIXED ASSETS

Intangible assets

7

605,594

498,559

Tangible assets

8

7,582,898

6,611,860

8,188,492

7,110,419

CURRENT ASSETS

Stocks

9

95,343

95,343

Debtors

10

30,112,919

25,147,713

Cash at bank and in hand

1,140,002

85,724

31,348,264

25,328,780

CREDITORS

Amounts falling due within one year

11

(7,427,319

)

(5,547,405

)

NET CURRENT ASSETS

23,920,945

19,781,375

TOTAL ASSETS LESS CURRENT LIABILITIES

32,109,437

26,891,794

CREDITORS

Amounts falling due after more than one year

12

(1,692,871

)

(1,828,056

)

PROVISIONS FOR LIABILITIES

16

(323,784

)

(216,182

)

NET ASSETS

30,092,782

24,847,556

CAPITAL AND RESERVES

Called up share capital

17

10,000,000

10,000,000

Retained earnings

18

20,092,782

14,847,556

SHAREHOLDERS' FUNDS

30,092,782

24,847,556

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

J Ahmad - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

10,000,000

12,586,183

22,586,183

Changes in equity

Total comprehensive income

-

2,261,373

2,261,373

Balance at 31 March 2024

10,000,000

14,847,556

24,847,556

Changes in equity

Total comprehensive income

-

5,245,226

5,245,226

Balance at 31 March 2025

10,000,000

20,092,782

30,092,782

Cash flows from operating activities

Cash generated from operations

1

3,106,796

1,802,826

Interest paid

(130,520

)

(67,501

)

Tax paid

(700,000

)

(1,079,903

)

Net cash from operating activities

2,276,276

655,422

Cash flows from investing activities

Purchase of intangible fixed assets

(156,891

)

(498,559

)

Purchase of tangible fixed assets

(1,404,593

)

(2,366,955

)

Sale of tangible fixed assets

-

573,685

Interest received

68,647

4,902

Net cash from investing activities

(1,492,837

)

(2,286,927

)

Cash flows from financing activities

Loan repayments in year

(189,407

)

(91,662

)

Amount introduced by directors

471,013

-

Amount withdrawn by directors

-

(564,738

)

Net cash from financing activities

281,606

(656,400

)

Increase/(decrease) in cash and cash equivalents

1,065,045

(2,287,905

)

Cash and cash equivalents at beginning of year

2

74,957

2,362,862

Cash and cash equivalents at end of year

2

1,140,002

74,957

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.25

31.3.24

£

£

Profit before taxation

7,061,795

3,109,707

Depreciation charges

483,411

355,593

Finance costs

130,520

67,501

Finance income

(68,647

)

(4,902

)

7,607,079

3,527,899

Increase in stocks

-

(20,343

)

Increase in trade and other debtors

(5,436,219

)

(3,094,057

)

Increase in trade and other creditors

935,936

1,389,327

Cash generated from operations

3,106,796

1,802,826

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

1,140,002

85,724

Bank overdrafts

-

(10,767

)

1,140,002

74,957

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

85,724

2,362,862

Bank overdrafts

(10,767

)

-

74,957

2,362,862

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

85,724

1,054,278

1,140,002

Bank overdrafts

(10,767

)

10,767

-

74,957

1,065,045

1,140,002

Debt

Debts falling due within 1 year

(185,988

)

54,222

(131,766

)

Debts falling due after 1 year

(1,828,056

)

135,185

(1,692,871

)

(2,014,044

)

189,407

(1,824,637

)

Total

(1,939,087

)

1,254,452

(684,635

)

1.	STATUTORY INFORMATION

Nationwide Healthcare Providers 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises revenue recognised by the company in respect of dental services provided during the period and is recognised at the point the service is supplied.

Goodwill

Goodwill is the difference between amounts paid on the acquisitions of a business and the fair value of the identifiable assets and liabilities. It is amortised in the profit and loss account over its estimated useful life of 10 years.

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

-

2% on cost

Dental equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

The expected useful lives of assets are reviewed and adjusted, if appropriate, at the end of each

reporting period. The effect of any change is accounted for prospectively.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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.

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

31.3.25

31.3.24

£

£

Wages and salaries

5,469,540

3,971,579

Social security costs

367,629

234,922

Other pension costs

56,419

37,380

5,893,588

4,243,881

The average number of employees during the year was as follows:

31.3.25

31.3.24

Directors

3

3

Other employees

269

213

272

216

31.3.25

31.3.24

£

£

Directors' remuneration

73,200

73,200

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Other operating leases

478,045

487,736

Depreciation - owned assets

433,555

355,592

Goodwill amortisation

49,856

-

Auditors' remuneration

16,056

16,800

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.3.25

31.3.24

£

£

Bank loan interest

130,520

67,501

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.25

31.3.24

£

£

Current tax:

UK corporation tax

1,710,438

785,705

Corporation tax - prior year

(1,471

)

-

Total current tax

1,708,967

785,705

Deferred tax

107,602

62,629

Tax on profit

1,816,569

848,334

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.25

31.3.24

£

£

Profit before tax

7,061,795

3,109,707

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

1,765,449

777,427

Effects of:

Expenses not deductible for tax purposes

52,591

70,907

Adjustments to tax charge in respect of previous periods

(1,471

)

-

Total tax charge

1,816,569

848,334

7.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

20,020,821

Additions

156,891

At 31 March 2025

20,177,712

AMORTISATION

At 1 April 2024

19,522,262

Amortisation for year

49,856

At 31 March 2025

19,572,118

NET BOOK VALUE

At 31 March 2025

605,594

At 31 March 2024

498,559

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Dental

and

property

equipment

fittings

£

£

£

COST

At 1 April 2024

5,584,814

1,933,042

563,803

Additions

723,032

329,118

237,127

At 31 March 2025

6,307,846

2,262,160

800,930

DEPRECIATION

At 1 April 2024

285,971

871,419

440,487

Charge for year

110,009

208,774

54,066

At 31 March 2025

395,980

1,080,193

494,553

NET BOOK VALUE

At 31 March 2025

5,911,866

1,181,967

306,377

At 31 March 2024

5,298,843

1,061,623

123,316