Company registration number 01513903 (England and Wales)
ST GEORGE'S HOSPITAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
ST GEORGE'S HOSPITAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
ST GEORGE'S HOSPITAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
167,903
156,501
Current assets
Stocks
19,120
18,046
Debtors
4
466,873
223,543
Cash at bank and in hand
11,775
12,288
497,768
253,877
Creditors: amounts falling due within one year
5
(605,214)
(336,772)
Net current liabilities
(107,446)
(82,895)
Total assets less current liabilities
60,457
73,606
Provisions for liabilities
(11,570)
(17,800)
Net assets
48,887
55,806
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
48,885
55,804
Total equity
48,887
55,806
ST GEORGE'S HOSPITAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 2 -

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 October 2024
Mr T M Russell
Director
Company registration number 01513903 (England and Wales)
ST GEORGE'S HOSPITAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2022
2
(100,890)
(100,888)
Year ended 31 January 2023:
Profit and total comprehensive income
-
156,694
156,694
Balance at 31 January 2023
2
55,804
55,806
Year ended 31 January 2024:
Profit and total comprehensive income
-
143,081
143,081
Dividends
-
(150,000)
(150,000)
Balance at 31 January 2024
2
48,885
48,887
ST GEORGE'S HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
1
Accounting policies
Company information

St George's Hospital Limited is a private company limited by shares incorporated in England and Wales. The registered office is De La Warr Road, Milford-on-Sea, Lymington, Hampshire, SO41 0PS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the value of services supplied in the period which is exempt from value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% on reducing balance
Medical equipment
Varying rates on cost/reducing balance
Office & domestic equipment
Varying rates on cost/reducing balance
Other equipment
Varying rates on cost/reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

ST GEORGE'S HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in the tax assessments.

 

Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

The company's liability for current and deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
144
144
ST GEORGE'S HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 6 -
3
Tangible fixed assets
Motor vehicles
Medical equipment
Office & domestic equipment
Other equipment
Total
£
£
£
£
£
Cost
At 1 February 2023
67,592
153,968
109,821
354,303
685,684
Additions
-
0
15,521
31,195
1,037
47,753
Disposals
(10,500)
(6,432)
(16,670)
-
(33,602)
At 31 January 2024
57,092
163,057
124,346
355,340
699,835
Depreciation and impairment
At 1 February 2023
48,343
140,184
88,007
252,649
529,183
Depreciation charged in the year
4,700
6,362
7,761
9,426
28,249
Eliminated in respect of disposals
(9,923)
-
0
(15,577)
-
(25,500)
At 31 January 2024
43,120
146,546
80,191
262,075
531,932
Carrying amount
At 31 January 2024
13,972
16,511
44,155
93,265
167,903
At 31 January 2023
19,249
13,784
21,814
101,654
156,501
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
104,796
9,214
Amounts owed by group undertakings
272,300
125,231
Other debtors
89,777
89,098
466,873
223,543
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
110,727
79,730
Amounts owed to group undertakings
150,000
-
0
Taxation and social security
93,520
75,631
Other creditors
250,967
181,411
605,214
336,772
ST GEORGE'S HOSPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mark H Rogers FCCA
Statutory Auditor:
HJS (Reading) Limited
Date of audit report:
29 October 2024
8
Parent company

The ultimate controlling party is T M Russell.

The immediate parent company is Dragon Holdings Limited.

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