19.25 ORTHODONTICS LIMITED

Company Registration Number:
SC520199 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

19.25 ORTHODONTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

19.25 ORTHODONTICS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 445,833 552,833
Tangible assets: 4 374,146 354,425
Investments: 5 2,335,139 840,869
Total fixed assets: 3,155,118 1,748,127
Current assets
Debtors:   95,529 83,508
Cash at bank and in hand: 810,767 1,711,425
Total current assets: 906,296 1,794,933
Creditors: amounts falling due within one year: 6 (647,909) (596,230)
Net current assets (liabilities): 258,387 1,198,703
Total assets less current liabilities: 3,413,505 2,946,830
Creditors: amounts falling due after more than one year: 7 (484,290) (561,290)
Provision for liabilities: (28,767) (18,116)
Total net assets (liabilities): 2,900,448 2,367,424
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 2,899,448 2,366,424
Shareholders funds: 2,900,448 2,367,424

The notes form part of these financial statements

19.25 ORTHODONTICS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Dr Ioannis Levisianos
Status: Director

The notes form part of these financial statements

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 8 7

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Intangible Assets

Total
Cost £
At 01 December 2022 1,069,999
At 30 November 2023 1,069,999
Amortisation
At 01 December 2022 517,166
Charge for year 107,000
At 30 November 2023 624,166
Net book value
At 30 November 2023 445,833
At 30 November 2022 552,833

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
At 01 December 2022 472,725
Additions 60,493
At 30 November 2023 533,218
Depreciation
At 01 December 2022 118,300
Charge for year 40,772
At 30 November 2023 159,072
Net book value
At 30 November 2023 374,146
At 30 November 2022 354,425

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Fixed investments

Cost 1.12.2022 £ 840,869 Additions 1,494,270 Total 2,335,139 Impairment 0 Carrying amount 30.11.2023 2,335,139 Carrying amount 30.11.2022 840.869 A loan of £732,243 has been made to ATheron PC, a Greek company owned by the directors of 19.25 Orthodontics Ltd. THis loan is repayable over a fixed term by monthly repayments and interest is chargeable. A loan of £38,701 has been made to Morzion SA, a French company owned by one of the directors of 19.25 Orthodontics Limited. This loan has no fixed repayment period nor is interest chargeable.

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts 2023 - £ 111,345 2022 - £83,023 Trade creditors 19,427 10,014 Taxation and soc sec 246,851 231,082 Other creditors 270,286 272,111 Total 647,909 596,230

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts 2023 - £484,290 2022 - £561,290

19.25 ORTHODONTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

8. Loans to directors

Included within other debtors is a loan to the directors of £91 (2022 - included within other creditors is a loan from the directors of £6,727).