Caseware UK (AP4) 2022.0.179 2022.0.179 2true2022-04-01falseDental practice activities2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09338944 2022-04-01 2023-03-31 09338944 2023-03-31 09338944 2021-04-01 2022-03-31 09338944 2022-03-31 09338944 c:Director1 2022-04-01 2023-03-31 09338944 c:Director2 2022-04-01 2023-03-31 09338944 d:Buildings 2022-04-01 2023-03-31 09338944 d:Buildings 2023-03-31 09338944 d:Buildings 2022-03-31 09338944 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09338944 d:FurnitureFittings 2022-04-01 2023-03-31 09338944 d:FurnitureFittings 2023-03-31 09338944 d:FurnitureFittings 2022-03-31 09338944 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09338944 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09338944 d:CurrentFinancialInstruments 2023-03-31 09338944 d:CurrentFinancialInstruments 2022-03-31 09338944 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09338944 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09338944 d:ShareCapital 2023-03-31 09338944 d:ShareCapital 2022-03-31 09338944 d:RetainedEarningsAccumulatedLosses 2023-03-31 09338944 d:RetainedEarningsAccumulatedLosses 2022-03-31 09338944 c:FRS102 2022-04-01 2023-03-31 09338944 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09338944 c:FullAccounts 2022-04-01 2023-03-31 09338944 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09338944 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 09338944













R & R Smile Limited

Financial statements
Information for filing with the registrar

31 March 2023




 
R & R Smile Limited


Balance sheet
At 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
517,999
517,991

Fixed asset investments
  
788,178
788,178

  
1,306,177
1,306,169

Current assets
  

Debtors: amounts falling due within one year
 6 
581
469

Bank and cash balances
  
18,892
16,953

  
19,473
17,422

Creditors: amounts falling due within one year
 7 
(799,377)
(799,038)

Net current liabilities
  
 
 
(779,904)
 
 
(781,616)

Total assets less current liabilities
  
526,273
524,553

Provisions for liabilities
  

Deferred tax
  
(215)
(213)

  
 
 
(215)
 
 
(213)

Net assets
  
526,058
524,340


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
525,958
524,240

Shareholders' funds
  
526,058
524,340


1

 
R & R Smile 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 13 October 2023.




Rachna Dattani
Rishi Jayant Dattani
Director
Director

Registered number: 09338944
The notes on pages 3 to 7 form part of these financial statements. 

2

 
R & R Smile 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 52 Cedar Drive, Pinner, Middlesex, HA5 4DE.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents the value of rental income received during the period.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

3

 
R & R Smile Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.7

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
4

 
R & R Smile Limited
 

 
Notes to the financial statements
Year ended 31 March 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
517,140
1,135
518,275


Additions
-
230
230



At 31 March 2023

517,140
1,365
518,505



Depreciation


At 1 April 2022
-
284
284


Charge for the year on owned assets
-
222
222



At 31 March 2023

-
506
506



Net book value



At 31 March 2023
517,140
859
517,999



At 31 March 2022
517,140
851
517,991

5

 
R & R Smile Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

5.


Investments





Shares in group undertaking

£



Cost or valuation


At 1 April 2022
788,178



At 31 March 2023
788,178




6

 
R & R Smile Limited
 
 

Notes to the financial statements
Year ended 31 March 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
581
469

581
469



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
9
-

Amounts owed to group undertakings
349,846
250,846

Corporation tax
386
-

Other creditors
447,534
546,534

Accruals and deferred income
1,602
1,658

799,377
799,038



8.


Related party transactions

During the year the company operated an intercompany account with Smile Radiance Limited to record amounts due and from the company. At 31 March 2023 the amount owed by Smile Radiance Limited was £349,846 (2022: £250,846).

 
7