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REGISTERED NUMBER: SC719798 (Scotland)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Loch Ryan Dental Care Ltd

Loch Ryan Dental Care Ltd (Registered number: SC719798)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Loch Ryan Dental Care Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M B Lewis
J D A Lewis





REGISTERED OFFICE: Cornerstone House
Station Road
Selkirk
TD7 5DJ





REGISTERED NUMBER: SC719798 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Loch Ryan Dental Care Ltd (Registered number: SC719798)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 290,551 -
Investments 5 442,796 442,796
733,347 442,796

CURRENT ASSETS
Debtors 6 - 2,760
Cash at bank 6,069 7,199
6,069 9,959
CREDITORS
Amounts falling due within one year 7 152,311 123,487
NET CURRENT LIABILITIES (146,242 ) (113,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,105

329,268

CREDITORS
Amounts falling due after more than one
year

8

583,188

336,783
NET ASSETS/(LIABILITIES) 3,917 (7,515 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,817 (7,615 )
3,917 (7,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Loch Ryan Dental Care Ltd (Registered number: SC719798)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





J D A Lewis - Director


Loch Ryan Dental Care Ltd (Registered number: SC719798)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Loch Ryan Dental Care Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not depreciated

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 290,551
At 29 February 2024 290,551
NET BOOK VALUE
At 29 February 2024 290,551

Loch Ryan Dental Care Ltd (Registered number: SC719798)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 442,796
NET BOOK VALUE
At 29 February 2024 442,796
At 28 February 2023 442,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors - 2,760

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 33,110 15,971
Amounts owed to group undertakings 37,801 92,516
Other creditors 81,400 15,000
152,311 123,487

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 583,188 336,783

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loan finance is provided to the company by the directors on an informal and interest free basis. There are no fixed repayment terms.