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REGISTERED NUMBER: 09018228 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Simply Smile Hopvine House Limited

Simply Smile Hopvine House Limited (Registered number: 09018228)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Simply Smile Hopvine House Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P K Malde
A K Fenn





SECRETARY: D Rasmussen





REGISTERED OFFICE: Unit 18
The Metro Centre
Britannia Way
Park Royal
London
NW10 7PA





REGISTERED NUMBER: 09018228 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Simply Smile Hopvine House Limited (Registered number: 09018228)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 89,635 179,269
Tangible assets 5 45,468 19,660
135,103 198,929

CURRENT ASSETS
Stocks 10,312 15,520
Debtors 1,500 19,210
Cash at bank and in hand 15,657 29,211
27,469 63,941
CREDITORS
Amounts falling due within one year 863,909 806,597
NET CURRENT LIABILITIES (836,440 ) (742,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(701,337

)

(543,727

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (701,437 ) (543,827 )
SHAREHOLDERS' FUNDS (701,337 ) (543,727 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 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.

Simply Smile Hopvine House Limited (Registered number: 09018228)

Abridged Balance Sheet - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by:





P K Malde - Director


Simply Smile Hopvine House Limited (Registered number: 09018228)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Simply Smile Hopvine House 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company has net liabilities of £701,337 and is only able to continue trading on the basis of ongoing support from the bank and related parties. The directors believe that this support will continue in the foreseeable future, limited to a period of not less than twelve months from the date of approval of the accounts, and therefore believe that it is appropriate to prepare the financial statements on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Dental equipment - 33% on cost
Fixtures and fittings - 33% on cost
Office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Simply Smile Hopvine House Limited (Registered number: 09018228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 896,349
AMORTISATION
At 1 April 2023 717,080
Amortisation for year 89,634
At 31 March 2024 806,714
NET BOOK VALUE

At 31 March 2024 89,635
At 31 March 2023 179,269

Simply Smile Hopvine House Limited (Registered number: 09018228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 169,088
Additions 42,662
At 31 March 2024 211,750
DEPRECIATION
At 1 April 2023 149,428
Charge for year 16,854
At 31 March 2024 166,282
NET BOOK VALUE
At 31 March 2024 45,468
At 31 March 2023 19,660

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P K Malde.

The parent company at the balance sheet date was Simply Smile (UK) Limited, registered in England and Wales.