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REGISTERED NUMBER: 14132232 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Paediatric Neurology Chambers Limited

Paediatric Neurology Chambers Limited (Registered number: 14132232)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paediatric Neurology Chambers Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs P Rodie
Professor F J K O'Callaghan





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Crabtree Cottage
Duntisbourne Leer
CIRENCESTER
GL7 7AS





REGISTERED NUMBER: 14132232 (England and Wales)

Paediatric Neurology Chambers Limited (Registered number: 14132232)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 813 522

CURRENT ASSETS
Debtors 6 15,509 11,679
Cash at bank 17,520 15,253
33,029 26,932
CREDITORS
Amounts falling due within one year 7 21,208 13,730
NET CURRENT ASSETS 11,821 13,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,634

13,724

PROVISIONS FOR LIABILITIES 172 99
NET ASSETS 12,462 13,625

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,362 13,525
12,462 13,625

Paediatric Neurology Chambers Limited (Registered number: 14132232)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

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 18 November 2024 and were signed on its behalf by:




Mrs P Rodie - Director



Professor F J K O'Callaghan - Director


Paediatric Neurology Chambers Limited (Registered number: 14132232)

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


1. STATUTORY INFORMATION

Paediatric Neurology Chambers Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised 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.


Paediatric Neurology Chambers Limited (Registered number: 14132232)

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


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 697
Additions 562
At 31 May 2024 1,259
DEPRECIATION
At 1 June 2023 175
Charge for year 271
At 31 May 2024 446
NET BOOK VALUE
At 31 May 2024 813
At 31 May 2023 522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,969 11,374
Other debtors 540 305
15,509 11,679

Paediatric Neurology Chambers Limited (Registered number: 14132232)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 479 65
Taxation and social security 15,095 8,722
Other creditors 5,634 4,943
21,208 13,730

Included within the above figure for other creditors is a balance of £240 (2023 - £240) in relation to accruals and £5,394 (2023 - £4,703) in relation to director's loan account.