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REGISTERED NUMBER: 08696430 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2022

for

MANSION HOUSE DENTAL PRACTICE LIMITED

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Company Information 1

Statement of Comprehensive Income 2

Statement of Financial Position 3

Statement of Changes in Equity 5

Notes to the Financial Statements 6


MANSION HOUSE DENTAL PRACTICE LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: Z Johar
Dr Q J Abbasi





REGISTERED OFFICE: Room 4-6
Albert Building
49 Queen Victoria Street
London
EC4N 4SA





REGISTERED NUMBER: 08696430 (England and Wales)





ACCOUNTANTS: Sterling Associates
Chartered Certified Accountants
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Statement of Comprehensive Income
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2022 2021
Notes £    £   

TURNOVER 388,266 266,061

Cost of sales 31,279 46,473
GROSS PROFIT 356,987 219,588

Administrative expenses 234,699 232,422
122,288 (12,834 )

Other operating income 12,000 76,994
OPERATING PROFIT 4 134,288 64,160


Interest payable and similar expenses 5 5,647 4,733
PROFIT BEFORE TAXATION 128,641 59,427

Tax on profit 6 26,843 9,310
PROFIT FOR THE FINANCIAL YEAR 101,798 50,117

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

101,798

50,117

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Statement of Financial Position
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 53,287 65,826
Tangible assets 8 33,686 42,107
86,973 107,933

CURRENT ASSETS
Debtors 9 7,985 7,200
Cash at bank 31,854 85,303
39,839 92,503
CREDITORS
Amounts falling due within one year 10 80,787 165,123
NET CURRENT LIABILITIES (40,948 ) (72,620 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,025

35,313

CREDITORS
Amounts falling due after more than one
year

11

(26,600

)

(46,086

)

PROVISIONS FOR LIABILITIES (6,400 ) (8,000 )
NET ASSETS/(LIABILITIES) 13,025 (18,773 )

CAPITAL AND RESERVES
Called up share capital 14 100 100
Retained earnings 15 12,925 (18,873 )
SHAREHOLDERS' FUNDS 13,025 (18,773 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Statement of Financial Position - continued
30 SEPTEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Z Johar - Director


MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Statement of Changes in Equity
FOR THE YEAR ENDED 30 SEPTEMBER 2022

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 October 2020 100 (68,990 ) (68,890 )

Changes in equity
Total comprehensive income - 50,117 50,117
Balance at 30 September 2021 100 (18,873 ) (18,773 )

Changes in equity
Dividends - (70,000 ) (70,000 )
Total comprehensive income - 101,798 101,798
Balance at 30 September 2022 100 12,925 13,025

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. STATUTORY INFORMATION

Mansion House Dental Practice 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis on the grounds that the director will provide sufficient finance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 5 ) .

2022 2021
£    £   
Directors' remuneration 24,570 24,479

4. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 417 522
Goodwill amortisation 12,539 12,538

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2022 2021
£    £   
Other loan interest 1,082 308
Interest on overdue tax 140 -
Hire purchase 4,425 4,425
5,647 4,733

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2022 2021
£    £   
Current tax:
UK corporation tax 28,443 2,000

Deferred tax (1,600 ) 7,310
Tax on profit 26,843 9,310

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2021
and 30 September 2022 125,383
AMORTISATION
At 1 October 2021 59,557
Amortisation for year 12,539
At 30 September 2022 72,096
NET BOOK VALUE
At 30 September 2022 53,287
At 30 September 2021 65,826

8. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2021
and 30 September 2022 109,988
DEPRECIATION
At 1 October 2021 67,881
Charge for year 8,421
At 30 September 2022 76,302
NET BOOK VALUE
At 30 September 2022 33,686
At 30 September 2021 42,107

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1 October 2021
and 30 September 2022 105,929
DEPRECIATION
At 1 October 2021 65,909
Charge for year 8,004
At 30 September 2022 73,913
NET BOOK VALUE
At 30 September 2022 32,016
At 30 September 2021 40,020

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,385 500
Other debtors 6,600 6,700
7,985 7,200

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other loans (see note 12) 9,808 9,566
Hire purchase contracts 2,822 19,042
Trade creditors 2,606 13,807
Tax 30,684 2,000
Social security and other taxes - 3,628
Other creditors 17,500 50,000
Credit Card 1,373 2,573
Directors' current accounts 274 52,587
Accrued expenses 15,720 11,920
80,787 165,123

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other loans (see note 12) 26,600 36,408
Hire purchase contracts - 9,678
26,600 46,086

12. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Other loans 9,808 9,566

Amounts falling due between one and two years:
Other loans - 1-2 years 10,056 9,808

Amounts falling due between two and five years:
Other loans - 2-5 years 16,544 26,600

13. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 2,822 28,720

MANSION HOUSE DENTAL PRACTICE LIMITED (REGISTERED NUMBER: 08696430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

15. RESERVES
Retained
earnings
£   

At 1 October 2021 (18,873 )
Profit for the year 101,798
Dividends (70,000 )
At 30 September 2022 12,925

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are both directors, Mr Z johar and Mr Q Abbasi, owing to an equal shareholding in the company.