5766890falsethat of a specialist anaesthesia dental hospital2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:SharePremium2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:Director22023-06-012024-05-31http://www.companieshouse.gov.uk/pt:SharePremium2024-05-31http://www.companieshouse.gov.uk/cd:Director32023-06-012024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 5766890

Parkway Clinic Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Staffer Mayled & Co Limited
46-48
Station Road
Llanishen
Cardiff
CF14 5LU

Parkway Clinic Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Phil Majoe
Darren Owakee
Sian Majoe
SECRETARY
William Joe-Yau Kwan
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 5766890
ACCOUNTANTS
Staffer Mayled & Co Limited
46-48
Station Road
Llanishen
Cardiff
CF14 5LU

Parkway Clinic Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Parkway Clinic Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Intangible assets21,992,2682,076,965
Tangible assets3270,923273,466
2,263,1912,350,431
CURRENT ASSETS
Stock37,26336,177
Debtors5359,223131,401
Cash at bank and in hand116,963364,264
513,449531,842
CREDITORS: Amounts falling due within one year6615,330624,074
NET CURRENT LIABILITIES(101,881)(92,232)
TOTAL ASSETS LESS CURRENT LIABILITIES2,161,3102,258,199
CREDITORS: Amounts falling due after more than one year7457,350979,095
PROVISIONS FOR LIABILITIES AND CHARGES93,7473,199
NET ASSETS1,700,2131,275,905
CAPITAL AND RESERVES
Called up share capital10125125
Share premium account11599,975599,975
Profit and loss account1,100,113675,805
SHAREHOLDERS' FUNDS1,700,2131,275,905

Parkway Clinic Limited

BALANCE SHEET AT 31/05/2024
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/07/2024 and signed on their behalf by
.............................
Phil Majoe
Director
.............................
Darren Owakee
Director

Parkway Clinic Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 40 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Parkway Clinic Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/06/20232,890,5092,890,509
At 31/05/20242,890,5092,890,509
Depreciation
At 01/06/2023813,544813,544
For the year84,69784,697
At 31/05/2024898,241898,241
Net Book Amounts
At 31/05/20241,992,2681,992,268
At 31/05/20232,076,9652,076,965
3. TANGIBLE FIXED ASSETS
Long LeaseholdPlant and
PropertiesMachineryTotal
£££
Cost
At 01/06/2023210,239350,342560,581
Additions-20,32620,326
Disposals-(5,744)(5,744)
At 31/05/2024210,239364,924575,163
Depreciation
At 01/06/2023-287,115287,115
Disposals-(1,436)(1,436)
For the year-18,56118,561
At 31/05/2024-304,240304,240
Net Book Amounts
At 31/05/2024210,23960,684270,923
At 31/05/2023210,23963,227273,466
4. STOCK 20242023
££
Stock comprises:
Stock37,26336,177
37,26336,177

Parkway Clinic Limited

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors359,223131,401
359,223131,401
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax171,892114,938
PAYE control18,505-
Directors current account119,950169,494
Trade creditors304,863339,642
Patient charges120-
615,330624,074
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr457,350979,095
457,350979,095
The majority of this debt relates to arrangements with participators or associated companies. Other creditors are amounts due to directors.
8. EMPLOYEES
20242023
No.No.
Average number of employees4040

Parkway Clinic Limited

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,7473,199
3,7473,199
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1250 Ordinary shares of £0.10 each125125
125125
11. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account599,975599,975
12. CONTROLLING PARTY
Are the directors and shareholders of the company.