Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falsedental practice activities108truefalse 13069611 2023-06-01 2024-05-31 13069611 2022-06-01 2023-05-31 13069611 2024-05-31 13069611 2023-05-31 13069611 c:Director1 2023-06-01 2024-05-31 13069611 c:Director2 2023-06-01 2024-05-31 13069611 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 13069611 d:Buildings d:LongLeaseholdAssets 2024-05-31 13069611 d:Buildings d:LongLeaseholdAssets 2023-05-31 13069611 d:PlantMachinery 2023-06-01 2024-05-31 13069611 d:PlantMachinery 2024-05-31 13069611 d:PlantMachinery 2023-05-31 13069611 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13069611 d:FurnitureFittings 2023-06-01 2024-05-31 13069611 d:FurnitureFittings 2024-05-31 13069611 d:FurnitureFittings 2023-05-31 13069611 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13069611 d:ComputerEquipment 2023-06-01 2024-05-31 13069611 d:ComputerEquipment 2024-05-31 13069611 d:ComputerEquipment 2023-05-31 13069611 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13069611 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13069611 d:Goodwill 2023-06-01 2024-05-31 13069611 d:Goodwill 2024-05-31 13069611 d:Goodwill 2023-05-31 13069611 d:CurrentFinancialInstruments 2024-05-31 13069611 d:CurrentFinancialInstruments 2023-05-31 13069611 d:Non-currentFinancialInstruments 2024-05-31 13069611 d:Non-currentFinancialInstruments 2023-05-31 13069611 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13069611 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13069611 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 13069611 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 13069611 d:ShareCapital 2024-05-31 13069611 d:ShareCapital 2023-05-31 13069611 d:RetainedEarningsAccumulatedLosses 2024-05-31 13069611 d:RetainedEarningsAccumulatedLosses 2023-05-31 13069611 c:FRS102 2023-06-01 2024-05-31 13069611 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13069611 c:FullAccounts 2023-06-01 2024-05-31 13069611 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13069611 2 2023-06-01 2024-05-31 13069611 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 13069611 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 13069611













The Rock Practice Limited

Financial statements
Information for filing with the registrar

31 May 2024




 
The Rock Practice Limited
 
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of The Rock Practice Limited for the year ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Rock Practice Limited for the year ended 31 May 2024 which comprise  the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of The Rock Practice Limited, as a body, in accordance with the terms of our engagement letter dated 26 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of The Rock Practice Limited and state those matters that we have agreed to state to the board of directors of The Rock Practice Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Rock Practice Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that The Rock Practice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Rock Practice Limited. You consider that The Rock Practice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of The Rock Practice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



UNW LLP
Chartered Accountants
Citygate
St James' Boulevard
Newcastle upon Tyne
NE1 4JE
4 February 2025
1

 
The Rock Practice Limited


Balance Sheet
At 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
252,245
288,280

Tangible assets
 5 
155,225
149,147

  
407,470
437,427

Current assets
  

Stocks
  
6,653
16,287

Debtors
 6 
162,406
7,695

Cash at bank and in hand
  
120,474
197,873

  
289,533
221,855

Creditors: amounts falling due within one year
 7 
(145,838)
(166,427)

Net current assets
  
 
 
143,695
 
 
55,428

Total assets less current liabilities
  
551,165
492,855

Creditors: amounts falling due after more than one year
 8 
(263,277)
(285,620)

Provisions for liabilities
  

Deferred tax
  
(33,783)
(32,079)

Net assets
  
254,105
175,156


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
254,005
175,056

Shareholders' funds
  
254,105
175,156


2

 
The Rock Practice Limited

    
Balance Sheet (continued)
At 31 May 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.




L Stevens
R Mohanty
Director
Director

Company registered number: 13069611
The notes on pages 4 to 7 form part of these financial statements. 

3

 
The Rock Practice Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

1.


General information

The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is 14 The Rock Hotel, Yelverton, Devon, PL20 6DS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents NHS contract income, private fees and capitation schemes income receivable during the period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Intangible assets

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.5

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over 6 years
Plant and machinery
-
10% reducing balance
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023: 8).

4

 
The Rock Practice Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
360,350



At 31 May 2024

360,350



Amortisation


At 1 June 2023
72,070


Charge for the year
36,035



At 31 May 2024

108,105



Net book value



At 31 May 2024
252,245



At 31 May 2023
288,280



5

 
The Rock Practice Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost


At 1 June 2023
1,046
122,275
45,840
8,873
178,034


Additions
-
25,838
1,765
3,228
30,831



At 31 May 2024

1,046
148,113
47,605
12,101
208,865



Depreciation


At 1 June 2023
348
22,620
3,982
1,937
28,887


Charge for the year
174
16,297
6,438
1,844
24,753



At 31 May 2024

522
38,917
10,420
3,781
53,640



Net book value



At 31 May 2024
524
109,196
37,185
8,320
155,225



At 31 May 2023
698
99,655
41,858
6,936
149,147


6.


Debtors

2024
2023
£
£


Trade debtors
1,389
2,478

Amounts owed by group undertakings
159,011
-

Other debtors
132
3,758

Prepayments and accrued income
1,874
1,459

162,406
7,695


6

 
The Rock Practice Limited
 
 

Notes to the financial statements
Year ended 31 May 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
18,475
19,425

Trade creditors
32,048
26,130

Amounts owed to group undertakings
-
11,512

Corporation tax
71,200
56,485

Other taxation and social security
288
2,645

Obligations under finance lease and hire purchase contracts
4,818
4,818

Other creditors
14,521
41,092

Accruals and deferred income
4,488
4,320

145,838
166,427



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
251,553
269,078

Net obligations under finance leases and hire purchase contracts
11,724
16,542

263,277
285,620



9.


Related party transactions

During the year the company operated an intercompany account with Lucy Stevens Limited. At 31 May 2024 the amount due to The Rock Practice Limited was £101,343 (2023: £8,182).
During the year the company operated an intercompany account with SS & RM Limited. At 31st May 2024 the amount due to The Rock Practice Limited was £57,668 (2023: £19,694 due from The Rock Practice Limited).

 
7