Company registration number 10848757 (England and Wales)
Tower Hill Practice Ltd
Unaudited
financial statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Tower Hill Practice Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Tower Hill Practice Ltd
Statement of financial position
as at 31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
624,412
428,621
Current assets
Cash at bank and in hand
33,421
91,109
Creditors: amounts falling due within one year
5
(38,453)
(42,772)
Net current (liabilities)/assets
(5,032)
48,337
Net assets
619,380
476,958
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
619,280
476,858
Total equity
619,380
476,958

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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 and signed by the director and authorised for issue on 29 November 2023
E Sarker
Director
Company registration number 10848757 (England and Wales)
Tower Hill Practice Ltd
Notes to the financial statements
for the year ended 31 March 2023
- 2 -
1
Accounting policies
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. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for services provided in the normal course of business. Turnover is recognised on the provision of the services.

Fixed asset investments

Interests in shares are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2023
2022
Number
Number
Total
1
1
Tower Hill Practice Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2023
- 3 -
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
624,412
428,621
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2022
428,621
Additions
215,000
Valuation changes
(19,209)
At 31 March 2023
624,412
Carrying amount
At 31 March 2023
624,412
At 31 March 2022
428,621
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
37,913
42,232
Accruals and deferred income
540
540
38,453
42,772
6
Company information

Tower Hill Practice Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Copley Dental Care, Glendene, Wakefield Road, Halifax, HX3 0UA.

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