The Manchester Primary Care Partnership - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09438725 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

THE MANCHESTER PRIMARY CARE PARTNERSHIP

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr C Tate

Dr V Mehra

Ms K H Toppin

Mr R Douglas

Dr A K Ahmed

Dr S A Gholkar

Mr D E Jeffery

REGISTERED OFFICE:

Victoria Mill

10 Lower Vickers Street

Miles Platting

Manchester

M40 7LH

REGISTERED NUMBER:

09438725 (England and Wales)

FIXED ASSETS

Tangible assets

4

8,040

-

CURRENT ASSETS

Debtors

5

856,252

2,240,382

Cash at bank and in hand

1,690,611

1,617,040

2,546,863

3,857,422

CREDITORS

Amounts falling due within one year

6

2,421,443

3,780,581

NET CURRENT ASSETS

125,420

76,841

TOTAL ASSETS LESS CURRENT LIABILITIES

133,460

76,841

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

133,457

76,838

SHAREHOLDERS' FUNDS

133,460

76,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 March 2020 and were signed on its behalf by:

Dr C Tate - Director

1.	STATUTORY INFORMATION

The Manchester Primary Care Partnership 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.

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.

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.

TURNOVER

The turnover shown in the profit and loss account represents the amount earned during the

year and is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS

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

Software

-

100% on cost

All fixed assets are initially recorded at cost.

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

The average number of employees during the year was 14 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

Software

Totals

£

£

£

COST

At 1 April 2018

-

29,617

29,617

Additions

8,040

-

8,040

At 31 March 2019

8,040

29,617

37,657

DEPRECIATION

At 1 April 2018

and 31 March 2019

-

29,617

29,617

NET BOOK VALUE

At 31 March 2019

8,040

-

8,040

At 31 March 2018

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

646,407

2,123,073

Prepayments and accrued income

209,845

117,309

856,252

2,240,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1,628,545

2,856,904

Tax

15,343

12,221

7 Day Extended Access Service

400,000

400,000

Transformation

100,000

300,000

Workforce

-

88,073

GP team net

69,168

103,754

EMIS & MJOG

65,591

-

Accruals and deferred income

142,796

19,629

2,421,443

3,780,581

7.	RELATED PARTY DISCLOSURES

Northern Health GPPO Ltd

Shareholder

Included within cost of sales are service costs amounting to £1,574,098 (2018 - £1,684,444).

These services were provided at an arms length price.

Included within the accounts are recharges amounting to £39,719. These recharges were

provided at an arms length price.

As at the balance sheet date the company owed £510,972 (2018 - £1,111,328) to this

related party. At at the balance sheet date the related party owed the company £2,031.

Primary Care Manchester Ltd

Shareholder

Included within cost of sales are service costs amounting to £1,531,560 (2018 - £1,575,830).

These services were provided at an arms length price.

Included within the accounts are recharges amounting to £45,829. These recharges were

provided at an arms length price.

As at the balance sheet date the company owed £593,798 (2018 - £1,020,439) to this

related party. At at the balance sheet date the related party owed the company £40,620.

SMGPF Limited

Shareholder

Included within cost of sales are service costs amounting to £1,432,363 (2018 - £1,026,674).

These services were provided at an arms length price.

Included within the accounts are recharges amounting to £6,244. These recharges were

provided at an arms length price.

As at the balance sheet date the company owed £465,868 (2018 - £570,900) to this related

party. At at the balance sheet date the related party owed the company £5,477.

Five Oaks Family Practice

A partnership in which Dr Munshi is a partner

Rent paid during the year £1,800 (2018 - £10,800).