ACCOUNTS - Final Accounts preparation

Company Registration Number 09221309

	PRIMARY CARE WARWICKSHIRE LIMITED

	UNAUDITED FINANCIAL STATEMENTS

	31 March 2025

PRIMARY CARE WARWICKSHIRE LIMITED

Registered number: 09221309

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025

	2025	2024
Note	£	£
Enter Text here - user input

Fixed assets
Tangible assets	4		2,176		2,901
			2,176		2,901
Current assets
Debtors: amounts falling due within one year	5	921,350		1,265,320
Cash at bank and in hand		2,964,331		2,922,439
		3,885,681		4,187,759
Creditors: amounts falling due within one year	6	(3,362,882)		(3,803,324)
Net current assets			522,799		384,435
Total assets less current liabilities			524,975		387,336

Net assets			524,975		387,336

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PRIMARY CARE WARWICKSHIRE LIMITED

Registered number: 09221309

STATEMENT OF FINANCIAL POSITION (CONTINUED)

As at 31 March 2025

		2025		2024
Note		£		£

Capital and reserves
Called up share capital	7	1,704	1,704
Profit and loss account		523,271	385,632
		524,975	387,336

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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:

J Powell

Director

Date: 23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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PRIMARY CARE WARWICKSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

1.	General information

Primary Care Warwickshire Limited Company is a private company, limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of the registered office is shown on the company information page.

The principal activity of the company during the period was to manage services provided by general medical practices as commissioned by Warwickshire North CCG.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The presentation currency is pounds sterling (GBP).

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.

2.3

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 reporting date in the countries where the Company operates and generates income.

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PRIMARY CARE WARWICKSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

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.

2.6

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.

2.7

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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PRIMARY CARE WARWICKSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

Employees

The average monthly number of employees, including the directors, during the year was as follows:

			2025	2024
			No.	No.


			0	0

4.	Tangible fixed assets

		Office equipment
		£
	At 1 April 2024	2,901
	At 31 March 2025	2,901
	Depreciation
	Charge for the year on owned assets	725
	At 31 March 2025	725
	Net book value
	At 31 March 2025	2,176
	At 31 March 2024	2,901

Debtors

					2025	2024
					£	£


Trade debtors	905,977	1,226,683
Called up share capital not paid	306	306
Prepayments and accrued income	15,067	38,331
	921,350	1,265,320

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PRIMARY CARE WARWICKSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

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

Trade creditors	2,112,814	1,937,934
Corporation tax	44,784	22,687
Accruals and deferred income	1,205,284	1,842,703
	3,362,882	3,803,324

7.	Share capital
		2025	2024
		£	£

Authorised, allotted, called up and fully paid

168,037 (2024 - 168,037) Ordinary A shares of £0.01 each	1,680	1,680
23 (2024 - 23) Ordinary B shares of £1.00 each	23	23
1 (2024 - 1) Ordinary C share of £1.00	1	1

	1,704	1,704

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