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REGISTERED NUMBER: 15048442 (England and Wales)





















Unaudited Financial Statements

for the Period

3 August 2023 to 31 March 2024

for

KHVP Ltd

KHVP Ltd (Registered number: 15048442)






Contents of the Financial Statements
for the Period 3 August 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KHVP Ltd

Company Information
for the Period 3 August 2023 to 31 March 2024







DIRECTORS: B T Faulkner
R G Lucy
C J Roxburgh
A G Hodges





REGISTERED OFFICE: Coombe Villa
Anchor Hill
Knaphill
Woking
Surrey
GU21 2HW





REGISTERED NUMBER: 15048442 (England and Wales)





ACCOUNTANTS: Pinfold & Co
8 Deben Mill Business Centre
Old Maltings Approach
Woodbridge
Suffolk
IP12 1BL

KHVP Ltd (Registered number: 15048442)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 203,320

CURRENT ASSETS
Stocks 5 9,745
Debtors 6 62,161
Cash at bank and in hand 8,576
80,482
CREDITORS
Amounts falling due within one year 7 51,705
NET CURRENT ASSETS 28,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,097

CREDITORS
Amounts falling due after more than one
year

8

272,493
NET LIABILITIES (40,396 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings (40,496 )
SHAREHOLDERS' FUNDS (40,396 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

KHVP Ltd (Registered number: 15048442)

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 2 October 2024 and were signed on its behalf by:





C J Roxburgh - Director


KHVP Ltd (Registered number: 15048442)

Notes to the Financial Statements
for the Period 3 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

KHVP 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 represents net invoiced sales of good and services, excluding VAT, arising from veterinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over life of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 period 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 period 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 period was 5 .

KHVP Ltd (Registered number: 15048442)

Notes to the Financial Statements - continued
for the Period 3 August 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 148,660 60,792 3,293 1,104 213,849
At 31 March 2024 148,660 60,792 3,293 1,104 213,849
DEPRECIATION
Charge for period 3,097 6,333 823 276 10,529
At 31 March 2024 3,097 6,333 823 276 10,529
NET BOOK VALUE
At 31 March 2024 145,563 54,459 2,470 828 203,320

5. STOCKS
£   
Stocks 9,745

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 347
Other debtors 9,500
VAT 37,588
Prepayments and accrued income 14,726
62,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 32,147
Social security and other taxes 882
Accruals and deferred income 18,676
51,705

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 272,493

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 33,483
Between one and five years 152,000
In more than five years 555,008
740,491

KHVP Ltd (Registered number: 15048442)

Notes to the Financial Statements - continued
for the Period 3 August 2023 to 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

The company was incorporated with 100 Ordinary Shares they were redesignated as 50 A Ordinary shares and 50 B Ordinary shares on 4 July 2024.

11. RELATED PARTY DISCLOSURES

At the balance sheet date related parties were owed £272,493.

The loans from related parties are unsecured and interest free. The loan is repayable five years from the anniversary of the date of the shareholders agreement.

During the year invoices were received for £50,458 from related parties.