Company registration number 06944115 (England and Wales)
WORCESTERSHIRE ORTHOPAEDICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
WORCESTERSHIRE ORTHOPAEDICS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WORCESTERSHIRE ORTHOPAEDICS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
280,218
280,218
Current assets
Debtors
4
140,082
151,060
Cash at bank and in hand
11,842
8,896
151,924
159,956
Creditors: amounts falling due within one year
6
(170,811)
(182,746)
Net current liabilities
(18,887)
(22,790)
Total assets less current liabilities
261,331
257,428
Creditors: amounts falling due after more than one year
5
(110,652)
(117,818)
Net assets
150,679
139,610
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
150,676
139,607
Total equity
150,679
139,610

The directors 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 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 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 by the board of directors and authorised for issue on 19 October 2023 and are signed on its behalf by:
Mr D D Robinson
Director
Company Registration No. 06944115
WORCESTERSHIRE ORTHOPAEDICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Worcestershire Orthopaedics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moorhouse Farm, Lower Ferry Lane, Callow End, Worcester, Worcestershire, United Kingdom, WR2 4UH.

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 amounts 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

Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable only. No provision is made for deferred tax as any sum involved is not material.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Investment property
2023
£
Fair value
At 1 July 2022 and 30 June 2023
280,218
WORCESTERSHIRE ORTHOPAEDICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
3
Investment property
(Continued)
- 3 -

Investment property comprises the freehold property at 2 St Johns, Worcester, WR2 5AH that was acquired on 12th July 2019 at a cost including legal fees of £280,218. The Directors believe that this represents a fair value of the property at 30th June 2020.

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,650
1,700
Other Debtors - See Note 8
137,904
148,904
Prepayments
528
456
140,082
151,060
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
110,652
117,818
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
7
10,000
10,000
Corporation tax
3,562
4,547
Directors loan
156,099
167,099
Accruals and deferred income
1,150
1,100
170,811
182,746
7
Loans and overdrafts
2023
2022
£
£
Bank loans
120,652
127,818
Payable within one year
10,000
10,000
Payable after one year
110,652
117,818

The borrowings are repayable over 15 years and are secured by a charge over the property, personal guarantees of the Directors and a Debenture over Worcestershire Orthopaedics Limited.

WORCESTERSHIRE ORTHOPAEDICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
8
Related party transactions
Amounts owed to/by related parties

The following amounts were outstanding at the reporting end date:

Amount owed to
Amounts owed by
2023
2022
2023
2022
£
£
£
£
Beauty By Tabitha Limited
-
0
-
0
137,904
148,904
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