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REGISTERED NUMBER: 06540461 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HAMPSTEAD ORTHO LIMITED

HAMPSTEAD ORTHO LIMITED (Registered number: 06540461)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAMPSTEAD ORTHO LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr A Alvanos





REGISTERED OFFICE: 6 Ground Floor
220 The Vale
London
NW11 8SR





REGISTERED NUMBER: 06540461 (England and Wales)






HAMPSTEAD ORTHO LIMITED (Registered number: 06540461)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,026 125,406

CURRENT ASSETS
Debtors 5 1,689,024 589,149
Cash at bank 3,922,025 4,118,254
5,611,049 4,707,403
CREDITORS
Amounts falling due within one year 6 1,729,046 1,293,323
NET CURRENT ASSETS 3,882,003 3,414,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,994,029

3,539,486

PROVISIONS FOR LIABILITIES 3,088 3,141
NET ASSETS 3,990,941 3,536,345

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 3,990,940 3,536,344
SHAREHOLDERS' FUNDS 3,990,941 3,536,345

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

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

The director acknowledges his 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 director and authorised for issue on 2 December 2024 and were signed by:



Dr A Alvanos - Director


HAMPSTEAD ORTHO LIMITED (Registered number: 06540461)

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

1. STATUTORY INFORMATION

HAMPSTEAD ORTHO 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.

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 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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets

Financial instruments which include debtors and bank balances are initially measured at transaction price including transaction cost and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified at receivable within one year are not amortised.

Financial Liabilities

Financial liabilities including creditors are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest rate method unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.


HAMPSTEAD ORTHO LIMITED (Registered number: 06540461)

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

2. 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.

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.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have been suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss ( if any). Where it is not possible to estimate the recoverable amounts of an individual asset, the company estimates the recoverable amount of the cash - generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 49,033 555,744 25,450 630,227
Additions - 23,959 - 23,959
At 31 March 2024 49,033 579,703 25,450 654,186
DEPRECIATION
At 1 April 2023 42,578 447,530 14,713 504,821
Charge for year 1,614 33,041 2,684 37,339
At 31 March 2024 44,192 480,571 17,397 542,160
NET BOOK VALUE
At 31 March 2024 4,841 99,132 8,053 112,026
At 31 March 2023 6,455 108,214 10,737 125,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by participating interests 1,679,024 589,149
Other debtors 10,000 -
1,689,024 589,149

HAMPSTEAD ORTHO LIMITED (Registered number: 06540461)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 79,876 110,828
Tax 183,509 178,543
Social security and other taxes 20,179 -
Directors' current accounts 105,884 11,178
Accruals and deferred income 1,304,598 957,774
Accrued expenses 35,000 35,000
1,729,046 1,293,323

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1