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REGISTERED NUMBER: 08048465 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

OPHTHALMIC ASSOCIATES DERBY LIMITED

OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPHTHALMIC ASSOCIATES DERBY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: P Puri





REGISTERED OFFICE: 38 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 08048465 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,331 24,427
Investment property 5 1,742,706 825,900
1,819,037 850,327

CURRENT ASSETS
Debtors 6 1,560,051 1,864,854
Cash at bank 40,855 251,551
1,600,906 2,116,405
CREDITORS
Amounts falling due within one year 7 636,875 559,431
NET CURRENT ASSETS 964,031 1,556,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,783,068

2,407,301

PROVISIONS FOR LIABILITIES 8 12,777 6,107
NET ASSETS 2,770,291 2,401,194

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,770,191 2,401,094
SHAREHOLDERS' FUNDS 2,770,291 2,401,194

OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465)

BALANCE SHEET - continued
30TH APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st January 2025 and were signed by:





P Puri - Director


OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Ophthalmic Associates Derby 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 - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Profit & Loss Account 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023 - 52,047 4,396 56,443
Additions 40,000 43,000 997 83,997
Disposals - (52,047 ) - (52,047 )
At 30th April 2024 40,000 43,000 5,393 88,393
DEPRECIATION
At 1st May 2023 - 27,620 4,396 32,016
Charge for year 4,000 3,583 83 7,666
Eliminated on disposal - (27,620 ) - (27,620 )
At 30th April 2024 4,000 3,583 4,479 12,062
NET BOOK VALUE
At 30th April 2024 36,000 39,417 914 76,331
At 30th April 2023 - 24,427 - 24,427

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 825,900
Additions 1,151,017
Disposals (234,211 )
At 30th April 2024 1,742,706
NET BOOK VALUE
At 30th April 2024 1,742,706
At 30th April 2023 825,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,546,569 1,863,641
Prepayments 13,482 1,213
1,560,051 1,864,854

OPHTHALMIC ASSOCIATES DERBY LIMITED (REGISTERED NUMBER: 08048465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 120,738 117,151
Social security and other taxes 6,857 1,458
Other creditors 99,037 174
Directors' current accounts 396,375 429,502
Accrued expenses 13,868 11,146
636,875 559,431

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,777 6,107

Deferred
tax
£   
Balance at 1st May 2023 6,107
Provided during year 6,670
Balance at 30th April 2024 12,777

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value: £ £
1 ORDINARY A £1 51 51
1 ORDINARY B £1 29 29
1 ORDINARY C £1 5 5
1 ORDINARY D £1 5 5
1 ORDINARY E £1 5 5
100 100

10. RELATED PARTY DISCLOSURES

The company was owed £1,521,820 (2023: £1,857,716) from Cross Close Developments Ltd, of which Mr P Puri is also a director, at the balance sheet date from inter company lending. This amount is repayable on demand.

The company owed £99,000 (2024: nil) to Puri Diagnostics Ltd, a company which Mr & Mrs Puri are majority shareholders, at the balance sheet from inter company lending. This amount is payable on demand.

11. ULTIMATE CONTROLLING PARTY

Mr Puri, director, together with close members of his family hold 100% of the share capital.