Company registration number 03971338 (England and Wales)
FRANT ROAD CLINIC LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
FRANT ROAD CLINIC LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FRANT ROAD CLINIC LTD (REGISTERED NUMBER: 03971338)
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
187,166
Current assets
Debtors
4
1,462,571
68,536
Cash at bank and in hand
418,952
2,144,306
1,881,523
2,212,842
Creditors: amounts falling due within one year
5
(2,803)
(152,736)
Net current assets
1,878,720
2,060,106
Net assets
1,878,720
2,247,272
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,877,720
2,246,272
Total equity
1,878,720
2,247,272
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 10 February 2025
Mr J A Bell
Director
FRANT ROAD CLINIC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Frant Road Clinic Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 65 Frant Road, Tunbridge Wells, Kent, TN2 5LH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The clinic ceased to trade on 30 June 2024 and the director intends to liquidate the company. The company is therefore not considered to be a going concern.
1.3
Turnover
Turnover represents trading income accrued during the period shown by these financial statements and excludes value added tax.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
in accordance with the property
Leasehold improvements
15% reducing balance
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
FRANT ROAD CLINIC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
£
Cost
At 1 July 2023
118,878
474,720
518,734
56,229
72,403
1,240,964
Disposals
(118,878)
(474,720)
(518,734)
(56,229)
(72,403)
(1,240,964)
At 30 June 2024
Depreciation and impairment
At 1 July 2023
23,491
430,846
472,867
56,229
70,365
1,053,798
Eliminated in respect of disposals
(23,491)
(430,846)
(472,867)
(56,229)
(70,365)
(1,053,798)
At 30 June 2024
Carrying amount
At 30 June 2024
At 30 June 2023
95,387
43,874
45,867
2,038
187,166
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,462,571
68,536
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
2,803
152,736