Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-04-01falsefalse33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10770289 2022-04-01 2023-03-31 10770289 2023-03-31 10770289 2021-04-01 2022-03-31 10770289 2022-03-31 10770289 c:Director1 2022-04-01 2023-03-31 10770289 d:CurrentFinancialInstruments 2023-03-31 10770289 d:CurrentFinancialInstruments 2022-03-31 10770289 d:Non-currentFinancialInstruments 2023-03-31 10770289 d:Non-currentFinancialInstruments 2022-03-31 10770289 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10770289 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10770289 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10770289 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10770289 d:ShareCapital 2023-03-31 10770289 d:ShareCapital 2022-03-31 10770289 d:RetainedEarningsAccumulatedLosses 2023-03-31 10770289 d:RetainedEarningsAccumulatedLosses 2022-03-31 10770289 c:FRS102 2022-04-01 2023-03-31 10770289 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10770289 c:FullAccounts 2022-04-01 2023-03-31 10770289 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10770289 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 10770289













The Royston Practice Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
The Royston Practice Limited


Balance Sheet
At 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
631,370
631,370

  
631,370
631,370

Current assets
  

Bank and cash balances
  
16
3,347

  
16
3,347

Creditors: amounts falling due within one year
 5 
(362,128)
(328,708)

Net current liabilities
  
 
 
(362,112)
 
 
(325,361)

Total assets less current liabilities
  
269,258
306,009

Creditors: amounts falling due after more than one year
 6 
(363,393)
(376,112)

  

Net liabilities
  
(94,135)
(70,103)


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
(94,435)
(70,403)

Shareholders' funds
  
(94,135)
(70,103)


1

 
The Royston Practice Limited

    
Balance Sheet (continued)
At 31 March 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2023.




KM Gadhia
Director

Registered number: 10770289
The notes on pages 3 to 5 form part of these financial statements. 

2

 
The Royston Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor, Citygate, St James Boulevard, Newcastle, NE1 4JE, England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the going concern basis due to the support of the company's bank.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

3

 
The Royston Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
3
3


4.


Investments





Shares in group undertaking

£



Cost or valuation


At 1 April 2022
631,370



At 31 March 2023
631,370





5.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
15,158
17,598

Other creditors
346,070
310,210

Accruals and deferred income
900
900

362,128
328,708



6.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
363,393
376,112

363,393
376,112


4

 
The Royston Practice Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

7.


Related party transactions

During the year the company operated an intercompany account with Royston Dental Care Ltd to record amounts due to and from the company. At 31 March 2023 the company owed Royston Dental Care Ltd £346,070 (2022: £293,380).

 
5