2023-06-012024-05-312024-05-31false12901177FIRST DENTAL HEALTHCARE 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FIRST DENTAL HEALTHCARE LIMITED

Registered Number
12901177
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

FIRST DENTAL HEALTHCARE LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Deepak Kumar
Kishore Kumar Manjiani

Company Secretary

MANJIANI, Kishore Kumar

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

12901177 (England and Wales)
FIRST DENTAL HEALTHCARE LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments41,750,0001,750,000
Investment property3859,770859,770
2,609,7702,609,770
Current assets
Debtors5220,300220,300
Cash at bank and on hand1,6392,881
221,939223,181
Creditors amounts falling due within one year6(440,856)(442,429)
Net current assets (liabilities)(218,917)(219,248)
Total assets less current liabilities2,390,8532,390,522
Creditors amounts falling due after one year7(1,959,052)(2,027,304)
Net assets431,801363,218
Capital and reserves
Called up share capital300300
Profit and loss account431,501362,918
Shareholders' funds431,801363,218
The financial statements were approved and authorised for issue by the Board of Directors on 4 December 2024, and are signed on its behalf by:
Deepak Kumar
Director
Kishore Kumar Manjiani
Director

Registered Company No. 12901177
FIRST DENTAL HEALTHCARE LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the rent receivable in the period. Income is recognised in the period to which it relates.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property which is property held to earn rentals and/or for capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss account.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its 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 and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Fair value at 01 June 23859,770
At 31 May 24859,770
4.Fixed asset investments
Subsidiary Undertaking The following were subsidiary undertaking of the company: Wandsworth Town Dental Practice Ltd Name Class of Shares Holding Wandsworth Town Dental Practice Ltd Ordinary 100%

Investments in groups1

Total

££
Cost or valuation
At 01 June 231,750,0001,750,000
At 31 May 241,750,0001,750,000
Net book value
At 31 May 241,750,0001,750,000
At 31 May 231,750,0001,750,000

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings220,000220,000
Other debtors300300
Total220,300220,300
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts70,24672,239
Other creditors369,770369,770
Accrued liabilities and deferred income840420
Total440,856442,429
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,959,0522,027,304
Total1,959,0522,027,304
Included in bank borrowings less than one year and more than one year are bank loans £2,029,297 (2023 : £2,099,543). Bank loans are secured by a fixed charge over the assets of the company. In addition, the directors have given personal guarantees in respect of the bank loans.
8.Related party transactions
During the year company has received dividends of £181,200 (2023 : £122,000) from the subsidiary company. Included in other creditors falling due within one year is an amount of £180,000 ( 2023 : £180,000) due to the director, Mr K Manjiani. Included in other creditors falling due within one year is an amount of £189,770 ( 2023 : £189,770) due to DK Nankani Ltd, a company connected to the director, Mr D Kumar.