| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2025 |
| for |
| TD Medicare Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2025 |
| for |
| TD Medicare Ltd |
| TD Medicare Ltd (Registered number: 13816867) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| TD Medicare Ltd (Registered number: 13816867) |
| Balance Sheet |
| 31 December 2025 |
| 31.12.25 | 31.12.24 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Investments | 7 |
| Current assets |
| Stocks |
| Debtors | 8 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 10 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their 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. |
| TD Medicare Ltd (Registered number: 13816867) |
| Balance Sheet - continued |
| 31 December 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| TD Medicare Ltd (Registered number: 13816867) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 1. | Statutory information |
| TD Medicare Ltd is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| Critical accounting judgements and key sources of estimation uncertainty |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
| Turnover |
| Turnover from shop sales is recognised at the point at which the goods are provided. |
| Income from the supply of prescriptions are recognised by reference to the items paid in the NHS monthly dispensing forms. |
| Where applicable, amounts are included net of value added tax, refunds and other sales discounts. |
| Goodwill |
| Goodwill on the acquisition of a business in 2022 is to be amortised over its estimated useful life of 10 years commencing on the first full year after acquisition. |
| Intangible assets |
| Other intangible assets have been written off in full in the year of acquisition. |
| TD Medicare Ltd (Registered number: 13816867) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 3. | Accounting policies - continued |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Freehold property aquired in the year is held at cost as the directors believe that the residual value will be retained at this level. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete. |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Debt instruments are subsequently measured at amortised cost. |
| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
| TD Medicare Ltd (Registered number: 13816867) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 3. | Accounting policies - continued |
| 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 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. |
| Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. |
| Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. |
| 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. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| TD Medicare Ltd (Registered number: 13816867) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 5. | Intangible fixed assets |
| Other |
| intangible |
| Goodwill | costs | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2025 |
| and 31 December 2025 |
| Amortisation |
| At 1 January 2025 |
| Amortisation for year |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| 6. | Tangible fixed assets |
| Fixtures |
| Freehold | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 January 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2025 |
| Depreciation |
| At 1 January 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| At 31 December 2024 |
| TD Medicare Ltd (Registered number: 13816867) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 7. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| Additions |
| At 31 December 2025 |
| Net book value |
| At 31 December 2025 |
| 8. | Debtors: amounts falling due within one year |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Deferred tax asset |
| Prepayments |
| 9. | Creditors: amounts falling due within one year |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 157,100 | 197,100 |
| Payments in advance |
| Accrued expenses |
| 10. | Creditors: amounts falling due after more than one year |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Bank loans - 2-5 years |
| Bank loans more than 5 years by instalment |
| TD Medicare Ltd (Registered number: 13816867) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 10. | Creditors: amounts falling due after more than one year - continued |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years by instalment | 894,936 | 4,745 |
| 11. | Secured debts |
| The following secured debts are included within creditors: |
| 31.12.25 | 31.12.24 |
| £ | £ |
| Bank loans |
| Bank loans are secured by fixed charge over freehold property at 213 Ashby High Street, Scunthorpe and by an omnibus guarantee and set-off agreement between the Bank and the company and its subsidiary AAA Healthcare Limited together with such other security as the Bank may from time to time hold in respect of the debts and liabilities of any guarantor to the Bank. |
| An all monies guarantee from the directors for a principal amount of £498,000. |
| 12. | Directors' advances, credits and guarantees |
| The bank loans are secured by an all monies guarantee from the directors for a principal amount of £498,000. |