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REGISTERED NUMBER: OC380157 (England and Wales)



















Unaudited Financial Statements

for the Period 1 April 2022 to 30 September 2023

for

Harbour Orthodontic Clinic LLP

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Contents of the Financial Statements
for the Period 1 April 2022 to 30 September 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harbour Orthodontic Clinic LLP

General Information
for the Period 1 April 2022 to 30 September 2023







DESIGNATED MEMBERS: E J A Dixon
Mrs V J Dixon





REGISTERED OFFICE: 17 The Waterfront
Eastbourne
East Sussex
BN23 5UZ





REGISTERED NUMBER: OC380157 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Balance Sheet
30 September 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 151,250 267,500
Tangible assets 5 1,221,591 443,721
1,372,841 711,221

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 460,437 309,260
Cash at bank and in hand 34,564 77,915
504,501 396,675
CREDITORS
Amounts falling due within one year 6 16,045 13,424
NET CURRENT ASSETS 488,456 383,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,861,297

1,094,472

CREDITORS
Amounts falling due after more than one year 7 17,500 32,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,843,797

1,061,972

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Balance Sheet - continued
30 September 2023

2023 2022
as restated
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1,843,797 1,061,972
1,843,797 1,061,972

TOTAL MEMBERS' INTERESTS
Members' other interests 1,843,797 1,061,972
Amounts due from members (460,437 ) (309,260 )
1,383,360 752,712

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 30 September 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 September 2024 and were signed by:





E J A Dixon - Designated member

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 September 2023


1. STATUTORY INFORMATION

Harbour Orthodontic Clinic LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Depreciation of £nil has been charged on the land & buildings held by the LLP as the members consider that the net realisable value is at least equal to the valuation.

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

Debtors and creditors receivable/payable in 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.

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023


2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 30 September 2023 1,275,000
AMORTISATION
At 1 April 2022 1,007,500
Charge for period 116,250
At 30 September 2023 1,123,750
NET BOOK VALUE
At 30 September 2023 151,250
At 31 March 2022 267,500

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 433,175 25,000 458,175
Revaluations 781,825 - 781,825
At 30 September 2023 1,215,000 25,000 1,240,000
DEPRECIATION
At 1 April 2022 - 14,454 14,454
Charge for period - 3,955 3,955
At 30 September 2023 - 18,409 18,409
NET BOOK VALUE
At 30 September 2023 1,215,000 6,591 1,221,591
At 31 March 2022 433,175 10,546 443,721

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 781,825 - 781,825
Cost 433,175 25,000 458,175
1,215,000 25,000 1,240,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,045 3,424
16,045 13,424

Harbour Orthodontic Clinic LLP (Registered number: OC380157)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 17,500 32,500

8. RESERVES
Revaluation
reserve
£   
Revaluation 781,825
Transfer (781,825 )
At 30 September 2023 -