Company Registration No. 09291395 (England and Wales)
HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
348,707
369,219
Tangible assets
4
94,665
75,515
Current assets
Debtors
4,501
11,785
Cash at bank and in hand
359,964
441,468
364,465
453,253
Creditors: amounts falling due within one year
(690,056)
(202,161)
Net current (liabilities)/assets
(325,591)
251,092
Total assets less current liabilities
117,781
695,826
Creditors: amounts falling due after more than one year
(100,173)
(140,004)
Provisions for liabilities
(16,608)
(11,928)
Net assets
1,000
543,894
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
-
0
542,894
Total equity
1,000
543,894
HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -

In accordance with section 444 of the Companies Act 2006 all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These 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 and signed by the director and authorised for issue on the date shown below.
Dr S Patel
Director
Company Registration No. 09291395
HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Highfield Dental Practice (Orpington) Limited is a private company limited by shares incorporated in England and Wales. Company Registration No. 09291395 (England and Wales). The registered office is Figurit Niddry Lodge, 51 Holland Street, Kensington, London, United Kingdom, W8 7JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Income from healthcare treatment is recognised as treatment is delivered, unless covered by an annual healthcare plan when it is recognised on a straight line basis over the period of the plan. Income from sale of dental sundries is recognised when delivered to patients.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a systematic basis over its expected life, which is 24 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
20% Straight line
Motor vehicles
25% Straight line
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 15 (2022 - 14).

3
Intangible fixed assets
Total
£
Cost
At 1 April 2022 and 31 March 2023
492,292
Amortisation and impairment
At 1 April 2022
123,073
Amortisation charged for the year
20,512
At 31 March 2023
143,585
Carrying amount
At 31 March 2023
348,707
At 31 March 2022
369,219
HIGHFIELD DENTAL PRACTICE (ORPINGTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
4
Tangible fixed assets
Total
£
Cost
At 1 April 2022
157,968
Additions
40,269
At 31 March 2023
198,237
Depreciation and impairment
At 1 April 2022
82,453
Depreciation charged in the year
21,119
At 31 March 2023
103,572
Carrying amount
At 31 March 2023
94,665
At 31 March 2022
75,515
2023-03-31 2022-04-01 false 03 October 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Dr S Patel 09291395 2023-10-03 2023-10-03 15 09291395 2022-04-01 2023-03-31 09291395 2023-03-31 09291395 2022-03-31 09291395 core:CurrentFinancialInstruments 2023-03-31 09291395 core:CurrentFinancialInstruments 2022-03-31 09291395 core:Non-currentFinancialInstruments 2023-03-31 09291395 core:Non-currentFinancialInstruments 2022-03-31 09291395 core:ShareCapital 2023-03-31 09291395 core:ShareCapital 2022-03-31 09291395 core:RetainedEarningsAccumulatedLosses 2023-03-31 09291395 core:RetainedEarningsAccumulatedLosses 2022-03-31 09291395 bus:Director1 2022-04-01 2023-03-31 09291395 core:Goodwill 2022-04-01 2023-03-31 09291395 core:FurnitureFittings 2022-04-01 2023-03-31 09291395 core:MotorVehicles 2022-04-01 2023-03-31 09291395 2022-03-31 09291395 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09291395 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09291395 bus:FRS102 2022-04-01 2023-03-31 09291395 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09291395 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP