Partnershealth 2020 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12264331 (England and Wales)

PARTNERSHEALTH 2020 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

Dr M F D Jelpke

Ms S G Lyon

Dr N A Fraser

Dr N P Cartwright

Dr R J Britton

Dr L A Ovenden

REGISTERED OFFICE:

Partnershealth 2020 Ltd Cotgrave Surgery

The Cotgrave Hub, Rivermead

Cotgrave

Nottingham

NG12 3UQ

REGISTERED NUMBER:

12264331 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Tangible assets

4

805,552

805,222

CURRENT ASSETS

Stocks

4,141

1,103

Debtors

5

283,933

340,225

Cash at bank

1,024,717

1,009,093

1,312,791

1,350,421

CREDITORS

Amounts falling due within one year

6

598,233

1,455,229

NET CURRENT ASSETS/(LIABILITIES)

714,558

(104,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,520,110

700,414

CREDITORS

Amounts falling due after more than one year

7

(504,258

)

-

PROVISIONS FOR LIABILITIES

(286

)

(95

)

NET ASSETS

1,015,566

700,319

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

1,015,562

700,315

SHAREHOLDERS' FUNDS

1,015,566

700,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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 and authorised for issue on 1 September 2022 and were signed on its behalf by:

Ms S G Lyon - Director

Dr M F D Jelpke - Director

1.	STATUTORY INFORMATION

Partnershealth 2020 Ltd 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

-

15% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

The average number of employees during the year was 67 (2021 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2021

800,972

5,000

805,972

Additions

-

1,138

1,138

At 5 April 2022

800,972

6,138

807,110

DEPRECIATION

At 6 April 2021

-

750

750

Charge for year

-

808

808

At 5 April 2022

-

1,558

1,558

NET BOOK VALUE

At 5 April 2022

800,972

4,580

805,552

At 5 April 2021

800,972

4,250

805,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

269,086

315,086

Other debtors

14,847

25,139

283,933

340,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

23,000

549,601

Trade creditors

272,825

540,105

Taxation and social security

135,552

165,788

Other creditors

166,856

199,735

598,233

1,455,229

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

504,258

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

409,258

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

527,258

549,601

The bank loan is secured against the Gamston Surgery to which it relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

4

Ordinary

£1

4

4

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Partnershealth 2020 Ltd for the year ended 5 April 2022 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Partnershealth 2020 Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Partnershealth 2020 Ltd and state those matters that we have agreed to state to the Board of Directors of Partnershealth 2020 Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Partnershealth 2020 Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Partnershealth 2020 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Partnershealth 2020 Ltd. You consider that Partnershealth 2020 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Partnershealth 2020 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

Date: .............................................