REGISTERED NUMBER: 07035703 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PREMIER CARE MANAGEMENT LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

47,367

35,509

CURRENT ASSETS

Debtors

5

1,439,340

1,399,688

Cash at bank and in hand

135,513

73,208

1,574,853

1,472,896

CREDITORS

Amounts falling due within one year

6

(299,496

)

(153,218

)

NET CURRENT ASSETS

1,275,357

1,319,678

TOTAL ASSETS LESS CURRENT LIABILITIES

1,322,724

1,355,187

PROVISIONS FOR LIABILITIES

(11,842

)

(8,139

)

NET ASSETS

1,310,882

1,347,048

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,310,782

1,346,948

1,310,882

1,347,048

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P N Ledgard - Director

1.	STATUTORY INFORMATION

Premier Care Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07035703 and registered office address is 1 Grantham Lane, Kingswood, Bristol, BS15 1EU.

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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Provisions

A provision is recognised in the balance sheet when the entity has a present legal or constructive obligation as a result of a past event, that can be reliably measured and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Mobilisation assets

Mobilisation assets relate to the set up cost of individual income generating units (IGU) and reflect the investment required to bring these IGU to operational status, being when a first service user moves in to the home. These IGU are each residential accommodation capable of providing care for people with complex care needs. All are set up to be capable of long-term accommodation support for their respective service users of between 15 and 25 years.

A 3 to 7-year useful economic life for amortising the mobilisation asset into the P&L result is used to reflect the period of time over which that initial investment is expected to realise financial benefits until further expenditure is likely to be needed to maintain the IG asset at the high standard required.

Trade debtors recoverability

Amounts recoverable on trade debtors are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses. The directors make estimates as to the recoverability of these debts and provide for them accordingly.

Other accounting judgements and key sources of estimation uncertainty

Depreciation

Depreciation is provided over the estimated useful life of the asset. The directors make estimates as to the length of those useful lives.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade debtors, other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade creditors, other creditors, and amounts owed to group undertakings, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern

The financial statements have been prepared on a going concern basis. Based on internal forecasts and projections considering severe and plausible downside scenarios, prepared for the period to future periods that take in to account the principal risks and uncertainties facing the business and reasonably possible changes in the company's trading performance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the next 12 months. Accordingly, the going concern basis has continued to be adopted in the preparation of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

18,183

25,314

27,571

71,068

Additions

9,458

9,568

3,477

22,503

At 31 March 2025

27,641

34,882

31,048

93,571

DEPRECIATION

At 1 April 2024

12,702

11,757

11,100

35,559

Charge for year

1,590

4,312

4,743

10,645

At 31 March 2025

14,292

16,069

15,843

46,204

NET BOOK VALUE

At 31 March 2025

13,349

18,813

15,205

47,367

At 31 March 2024

5,481

13,557

16,471

35,509

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

373,605

249,392

Amounts owed by group undertakings

790,219

1,015,594

Other debtors

108,828

87,938

1,272,652

1,352,924

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

166,688

46,764

Aggregate amounts

1,439,340

1,399,688

Other debtors include mobilisation assets of £198,358 of which £31,670 are included within debtors due within one year and £166,688 included within due after one year.

Amounts owed by group undertakings are repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

107,262

70,317

Amounts owed to group undertakings

54,465

-

Taxation and social security

84,224

51,536

Other creditors

53,545

31,365

299,496

153,218

Amounts owed to group undertakings are repayable on demand.

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

291,795

301,380

Between one and five years

447,710

169,005

In more than five years

354,381

-

1,093,886

470,385

8.	SECURED DEBTS

The company along with its immediate parent company, Tristone PCM Holdings Limited and it's fellow subsidiary companies Tristone PW Holdings Limited, Procare Wales Limited, Bangor Centre for Developmental Disabilities Limited, Tristone SSS Holdings Limited, Sportfit Support Services Limited, Roundhouse Care Holdings Limited, Tristone NS Holdings Ltd, Next Steps Healthcare Limited, Tristone BL Holdings Limited, Beyond Limits (Plymouth) Ltd, South West Intervention Services Limited, South West Intervention Services Holdings Limited and intermediary parent company THL Investments Limited entered into guarantees in the form of a fixed and floating charges to secure the borrowings of their parent company, Tristone Healthcare Limited. At 31 March 2025, the amount outstanding in respect of these guarantees was £19,649,000 (2024: £19,399,000). The beneficiary of the securities are Duke Capital Limited. At 31st March 2025, the company was due £64,262 (2024: £328,513) from Tristone Healthcare Limited.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frederick Norman (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

10.	RELATED PARTY DISCLOSURE

At the balance sheet date, amounts included within other debtors £725,957 (2024: £687,081) were owed from the immediate parent company. No interest has been charged in respect of this loan, which is repayable on demand.

At the balance sheet date, amounts included within other debtors £64,262 (2024: £328,513) were owed from the ultimate parent company. No interest has been charged in respect of this loan, which is repayable on demand.

At 31 March 2025 the company owed £54,465 (2024: £nil) to Sportfit Support Services Limited, a fellow subsidiary. No interest has been charged in respect of this loan, which is repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Tristone PCM Holdings Limited and its ultimate parent company is Tristone Group Ltd, whose registered office is 5 Brooklands Place, Brooklands Road, Sale, Cheshire, M33 3SD. Consolidated financial statements can be obtained at Companies House, Crown Way, Cardiff, CF14 3UZ.