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REGISTERED NUMBER: 05871902 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2023

for

DYNASTAT PODIATRY LTD

DYNASTAT PODIATRY LTD (REGISTERED NUMBER: 05871902)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

DYNASTAT PODIATRY LTD

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M J Price
Mrs T A L Price





SECRETARY: Mrs T A L Price





REGISTERED OFFICE: 5 Boyden Close
Penkridge
Staffordshire
ST19 5TG





REGISTERED NUMBER: 05871902 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

DYNASTAT PODIATRY LTD (REGISTERED NUMBER: 05871902)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,360 17,241
Investment property 5 450,306 450,306
456,666 467,547

CURRENT ASSETS
Debtors 6 127,221 105,245
Cash at bank 60,000 59,097
187,221 164,342
CREDITORS
Amounts falling due within one year 7 166,564 166,365
NET CURRENT ASSETS/(LIABILITIES) 20,657 (2,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,323

465,524

CREDITORS
Amounts falling due after more than one year 8 (141,009 ) (141,009 )

PROVISIONS FOR LIABILITIES (405 ) (938 )
NET ASSETS 335,909 323,577

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 335,809 323,477
SHAREHOLDERS' FUNDS 335,909 323,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




M J Price - Director


DYNASTAT PODIATRY LTD (REGISTERED NUMBER: 05871902)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Dynastat Podiatry Ltd 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.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 14.29% on straight line
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified accordingly to the substance of the contractual arrangements entered into.

In accordance with FRS102 financial instruments are measured at fair value.

DYNASTAT PODIATRY LTD (REGISTERED NUMBER: 05871902)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued

Employee benefits
The holiday year runs from 1 April to 31 March. Holiday pay accrued at the year end is deemed to be immaterial and therefore no provision has been made for this cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1 June 2022 2,647 5,502 990 4,699
Disposals - - - -
At 31 May 2023 2,647 5,502 990 4,699
DEPRECIATION
At 1 June 2022 - 5,502 673 3,952
Charge for year - - 47 215
Eliminated on disposal - - - -
At 31 May 2023 - 5,502 720 4,167
NET BOOK VALUE
At 31 May 2023 2,647 - 270 532
At 31 May 2022 2,647 - 317 747

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 7,378 22,290 7,324 50,830
Disposals - (22,290 ) - (22,290 )
At 31 May 2023 7,378 - 7,324 28,540
DEPRECIATION
At 1 June 2022 6,269 12,886 4,307 33,589
Charge for year 220 - 995 1,477
Eliminated on disposal - (12,886 ) - (12,886 )
At 31 May 2023 6,489 - 5,302 22,180
NET BOOK VALUE
At 31 May 2023 889 - 2,022 6,360
At 31 May 2022 1,109 9,404 3,017 17,241

DYNASTAT PODIATRY LTD (REGISTERED NUMBER: 05871902)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 450,306
NET BOOK VALUE
At 31 May 2023 450,306
At 31 May 2022 450,306

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 4,573 13,811
Other debtors 122,648 91,434
127,221 105,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors (69 ) 2,249
Taxation and social security 21,407 22,722
Other creditors 145,226 141,394
166,564 166,365

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 141,009 141,009

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Metrobank mortgage 141,009 141,009

The mortgage is secured by the investment property 4 St Helens Court Reading.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who together own 100% of the share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dynastat Podiatry Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dynastat Podiatry Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dynastat Podiatry Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dynastat Podiatry Ltd and state those matters that we have agreed to state to the Board of Directors of Dynastat Podiatry Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dynastat Podiatry Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dynastat Podiatry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dynastat Podiatry Ltd. You consider that Dynastat Podiatry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dynastat Podiatry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


27 October 2023