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REGISTERED NUMBER: 06303904 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SN ORTHODONTIC LIMITED

SN ORTHODONTIC LIMITED (REGISTERED NUMBER: 06303904)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SN ORTHODONTIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Dr S Razavi





REGISTERED OFFICE: 82 Victoria Court
New Street
Chelmsford
Essex
CM1 1GP





REGISTERED NUMBER: 06303904 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

SN ORTHODONTIC LIMITED (REGISTERED NUMBER: 06303904)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 792,545 1,217,545

CURRENT ASSETS
Debtors 6 9,057 -
Cash at bank 420,205 2,381
429,262 2,381
CREDITORS
Amounts falling due within one year 7 85,179 16,731
NET CURRENT ASSETS/(LIABILITIES) 344,083 (14,350 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,136,628

1,203,195

PROVISIONS FOR LIABILITIES 8 33,525 30,278
NET ASSETS 1,103,103 1,172,917

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,103,101 1,172,915
SHAREHOLDERS' FUNDS 1,103,103 1,172,917

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SN ORTHODONTIC LIMITED (REGISTERED NUMBER: 06303904)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 12 November 2024 and were signed by:





Dr S Razavi - Director


SN ORTHODONTIC LIMITED (REGISTERED NUMBER: 06303904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

SN Orthodontic 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

SN ORTHODONTIC LIMITED (REGISTERED NUMBER: 06303904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,217,545
Disposals (425,000 )
At 31 July 2024 792,545
NET BOOK VALUE
At 31 July 2024 792,545
At 31 July 2023 1,217,545

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2011 10,840
Valuation in 2012 (2,168 )
Valuation in 2013 362
Valuation in 2015 73,425
Valuation in 2016 83,256
Valuation in 2017 22,652
Valuation in 2018 17,059
Valuation in 2019 5,156
Valuation in 2020 14,420
Valuation in 2022 77,985
Cost 489,558
792,545

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,057 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 85,179 16,731

SN ORTHODONTIC LIMITED (REGISTERED NUMBER: 06303904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Tax losses carried forward 3,247 (4,104 )
Other timing differences 30,278 34,382
33,525 30,278

Deferred
tax
£   
Balance at 1 August 2023 30,278
Provided during year 3,247
Balance at 31 July 2024 33,525