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REGISTERED NUMBER: 06058869 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Titchfield Park Dental Clinic Ltd

Titchfield Park Dental Clinic Ltd (Registered number: 06058869)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Titchfield Park Dental Clinic Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G L Du Toit
I M Smith





REGISTERED OFFICE: The Fourways Leeming Lane South
Mansfield Woodhouse
Mansfield
NG19 9AH





REGISTERED NUMBER: 06058869 (England and Wales)

Titchfield Park Dental Clinic Ltd (Registered number: 06058869)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 205,711 290,833
Tangible assets 5 150,679 126,762
356,390 417,595

CURRENT ASSETS
Stocks 37,128 39,057
Debtors 6 34,562 14,356
Cash at bank 1,539,109 931,787
1,610,799 985,200
CREDITORS
Amounts falling due within one year 7 1,067,530 382,963
NET CURRENT ASSETS 543,269 602,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

899,659

1,019,832

CREDITORS
Amounts falling due after more than one
year

8

(363,951

)

(519,497

)

PROVISIONS FOR LIABILITIES (36,856 ) (30,730 )
NET ASSETS 498,852 469,605

CAPITAL AND RESERVES
Called up share capital 10 6 6
Retained earnings 498,846 469,599
SHAREHOLDERS' FUNDS 498,852 469,605

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.

Titchfield Park Dental Clinic Ltd (Registered number: 06058869)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





G L Du Toit - Director


Titchfield Park Dental Clinic Ltd (Registered number: 06058869)

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

1. STATUTORY INFORMATION

Titchfield Park Dental Clinic Ltd 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.

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 businesses, is being amortised evenly over its estimated useful life of 5 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% 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 Statement of Income and Retained Earnings, 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.

Titchfield Park Dental Clinic Ltd (Registered number: 06058869)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 694,009
AMORTISATION
At 1 April 2023 403,176
Charge for year 85,122
At 31 March 2024 488,298
NET BOOK VALUE
At 31 March 2024 205,711
At 31 March 2023 290,833

Titchfield Park Dental Clinic Ltd (Registered number: 06058869)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 396,484 247,774 644,258
Additions 71,845 7,482 79,327
Disposals (228,803 ) (247,695 ) (476,498 )
At 31 March 2024 239,526 7,561 247,087
DEPRECIATION
At 1 April 2023 269,878 247,618 517,496
Charge for year 54,015 1,171 55,186
Eliminated on disposal (228,652 ) (247,622 ) (476,274 )
At 31 March 2024 95,241 1,167 96,408
NET BOOK VALUE
At 31 March 2024 144,285 6,394 150,679
At 31 March 2023 126,606 156 126,762

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 48,366
Transfer to ownership (48,366 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 16,456
Charge for year 9,265
Transfer to ownership (25,721 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 31,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 810 2,395
Amounts owed by associates 24,000 -
Other debtors 9,752 11,961
34,562 14,356

Titchfield Park Dental Clinic Ltd (Registered number: 06058869)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,281 49,362
Hire purchase contracts - 19,986
Trade creditors 608 -
Taxation and social security 318,677 210,603
Other creditors 720,964 103,012
1,067,530 382,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 363,951 519,497

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 264,919 307,813

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 391,232 568,859
Hire purchase contracts - 19,986
391,232 588,845

Hire purchase liabilities are secured on the relevant asset.

The bank loans are secured by a fixed and floating charge over the undertaking and all property and assets of the company present and future.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
6 6

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are I Smith and G Du Toit.