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REGISTERED NUMBER: 07379744 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

STANMORE PRIVATE FAMILY PRACTICE LIMITED

STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANMORE PRIVATE FAMILY PRACTICE LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: Dr R M Abrahams
Mrs H Abrahams





REGISTERED OFFICE: 10 London Mews
Paddington
LONDON
W2 1HY





REGISTERED NUMBER: 07379744 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 66,667
Tangible assets 5 - 589,816
Investment property 6 725,000 -
775,000 656,483

CURRENT ASSETS
Debtors 7 9,464 10,547
Cash at bank and in hand 241,042 192,799
250,506 203,346
CREDITORS
Amounts falling due within one year 8 298,115 258,146
NET CURRENT LIABILITIES (47,609 ) (54,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

727,391

601,683

PROVISIONS FOR LIABILITIES 26,423 -
NET ASSETS 700,968 601,683

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 700,668 601,383
SHAREHOLDERS' FUNDS 700,968 601,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)

BALANCE SHEET - continued
30 September 2023


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 28 June 2024 and were signed on its behalf by:





Mrs H Abrahams - Director


STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Stanmore Private Family Practice 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income from medical legal work excluding VAT.

Turnover is recognised once the service has been provided and invoice raised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business on 1 October 2011, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 33.33% straight line
Computer equipment - 33.33% straight line

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

In accordance with the Companies Act and FRS102 1A freehold property is required to be depreciated. However the Directors deemed that the residual value of the freehold property was greater than the cost value. For this reason the Directors enacted a true and fair override to present fairly the entity's financial position. The override being no depreciation has been charged on freehold property.

The freehold property has been reclassified as an investment property in the current year.

Investment property
Investment property is held at its fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors, trade creditors, other debtors, other creditors and bank loans.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.


STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax only. 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 250,000
AMORTISATION
At 1 October 2022 183,333
Charge for year 16,667
At 30 September 2023 200,000
NET BOOK VALUE
At 30 September 2023 50,000
At 30 September 2022 66,667

STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 589,816 2,505 3,658 595,979
Reclassification/transfer (589,816 ) - - (589,816 )
At 30 September 2023 - 2,505 3,658 6,163
DEPRECIATION
At 1 October 2022
and 30 September 2023 - 2,505 3,658 6,163
NET BOOK VALUE
At 30 September 2023 - - - -
At 30 September 2022 589,816 - - 589,816

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 135,184
Reclassification/transfer 589,816
At 30 September 2023 725,000
NET BOOK VALUE
At 30 September 2023 725,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 135,184
Cost 589,816
725,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 589,816 -

Investment property was valued on an open market value basis on 30 September 2023 by the Directors of the company .

STANMORE PRIVATE FAMILY PRACTICE LIMITED (REGISTERED NUMBER: 07379744)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 2,478 8,575
Other debtors 6,986 1,972
9,464 10,547

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Taxation and social security 9,641 3,980
Other creditors 288,474 254,166
298,115 258,146

9. RELATED PARTY DISCLOSURES

Directors

During the year the Directors of the company introduced monies totalling £42,005 (2022: £157,519) and the company made loan repayments totalling £7,696 (2022: £8,025). As at 30 September 2023 the company owed the Directors £273,474 (2022: £239,165). No interest is being charged on this loan and the loan is repayable on demand. This balance is included within other creditors.

10. RESERVES

Dividends totalling £60,770 (2022: £72,919) were paid during the year. The only other movement in reserves was the profit for the year.