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REGISTERED NUMBER: 07077886 (England and Wales)















CHAPEL DENTAL SURGERY LIMITED

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022






CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


CHAPEL DENTAL SURGERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: Dr Shervin Kamyab





REGISTERED OFFICE: 923 Finchley Road
Golders Green
London
NW11 7PE





REGISTERED NUMBER: 07077886 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,589
Investment property 5 - 350,000
- 352,589

CURRENT ASSETS
Cash at bank and in hand 16,274 22,047

CREDITORS
Amounts falling due within one year 16,274 300,808
NET CURRENT LIABILITIES - (278,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

73,828

CREDITORS
Amounts falling due after more than one
year

6

-

(65,379

)

PROVISIONS FOR LIABILITIES - (15,317 )
NET LIABILITIES - (6,868 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 - 84,864
Retained earnings (1,000 ) (92,732 )
SHAREHOLDERS' FUNDS - (6,868 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





Dr Shervin Kamyab - Director


CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Chapel Dental Surgery Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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.

CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2021 81,724
Disposals (81,724 )
At 30 November 2022 -
DEPRECIATION
At 1 December 2021 79,135
Eliminated on disposal (79,135 )
At 30 November 2022 -
NET BOOK VALUE
At 30 November 2022 -
At 30 November 2021 2,589

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 December 2021 61,917
Disposals (16,433 )
At 30 November 2022 45,484
DEPRECIATION
At 1 December 2021 59,957
Eliminated on disposal (59,957 )
At 30 November 2022 -
NET BOOK VALUE
At 30 November 2022 45,484
At 30 November 2021 1,960

CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 350,000
Disposals (350,000 )
At 30 November 2022 -
NET BOOK VALUE
At 30 November 2022 -
At 30 November 2021 350,000

.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 32,930

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans - 73,491

Bank loans are secured by First Legal Charges over the investment property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Revaluation
reserve
£   
At 1 December 2021 84,864
Distributable profits (84,864 )

At 30 November 2022 -

CHAPEL DENTAL SURGERY LIMITED (REGISTERED NUMBER: 07077886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


10. TRANSACTIONS WITH DIRECTORS

Loans received from two companies in which S Kamyab is a Director, namely Thornton Heath Dental Practice Limited, totalling £75,000 and from SK Dental Practice Limited of £50,000, towards the cost of the Investment Property were written off as at the year end, as they had been waived by
the other parties.