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REGISTERED NUMBER: 06455328 (England and Wales)


















CRANLEIGH PRACTICE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 67,906 65,335

CURRENT ASSETS
Debtors 5 5,270 -
Cash at bank and in hand 22,839 317,592
28,109 317,592
CREDITORS
Amounts falling due within one year 6 (76,640 ) (122,886 )
NET CURRENT (LIABILITIES)/ASSETS (48,531 ) 194,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,375

260,041

CREDITORS
Amounts falling due after more than one
year

7

(2,255

)

(24,799

)

PROVISIONS FOR LIABILITIES (16,977 ) (12,414 )
NET ASSETS 143 222,828

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 133 222,818
SHAREHOLDERS' FUNDS 143 222,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 24 September 2024 and were signed by:





Ms B V Vadhwana - Director


CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Cranleigh Practice Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06455328

Registered office: 234 High Street.
Cranleigh
Surrey
GU6 8RL

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.

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
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods and services is recognised when goods are delivered, and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.


CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

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 8 (2022 - 8 ) .

CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 143,999 54,423 10,180 208,602
Additions - 18,198 1,348 19,546
At 31 December 2023 143,999 72,621 11,528 228,148
DEPRECIATION
At 1 January 2023 86,635 47,226 9,406 143,267
Charge for year 11,472 5,079 424 16,975
At 31 December 2023 98,107 52,305 9,830 160,242
NET BOOK VALUE
At 31 December 2023 45,892 20,316 1,698 67,906
At 31 December 2022 57,364 7,197 774 65,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 5,270 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 27,208 27,208
Amounts owed to group undertakings - 51,499
Taxation and social security 42,024 40,831
Other creditors 7,408 3,348
76,640 122,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,255 24,799

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary 1 10 10

CRANLEIGH PRACTICE LTD (REGISTERED NUMBER: 06455328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 313,730 341,210

The above amount represents rent payable per annum of £27,480 for 137 months (2022: £ 27,480 for 149 months).

10. OTHER FINANCIAL COMMITMENTS

The company has fixed and floating charge security in respect of the parent which amounted to £424,947 (2022: £769,504).