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Registration number: 08309256

Dr SDV Shaunak Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

Pages for filing with Registrar

 

Dr SDV Shaunak Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 11

 

Dr SDV Shaunak Limited

Company Information


 

Directors

Dr SDV Shaunak

Dr S Shaunak

Registered office

Thomas House
Meadowcroft Business Park
Pope Lane, Whitestake
Preston
PR4 4AZ

 

Dr SDV Shaunak Limited

(Registration number: 08309256)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,414

4,774

Investment property

5

439,841

439,841

Other financial assets

6

136,520

89,178

 

579,775

533,793

Current assets

 

Debtors

7

74,978

160,736

Cash at bank and in hand

 

803,793

576,348

 

878,771

737,084

Creditors: Amounts falling due within one year

8

(85,171)

(80,426)

Net current assets

 

793,600

656,658

Total assets less current liabilities

 

1,373,375

1,190,451

Provisions for liabilities

(14,177)

(7,618)

Net assets

 

1,359,198

1,182,833

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,359,098

1,182,733

Shareholders' funds

 

1,359,198

1,182,833

 

Dr SDV Shaunak Limited

(Registration number: 08309256)
Balance Sheet as at 30 November 2024 (continued)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 March 2025 and signed on its behalf by:
 

.........................................
Dr S Shaunak
Director

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thomas House
Meadowcroft Business Park
Pope Lane, Whitestake
Preston
PR4 4AZ

The principal place of business is:
Whittingham House
Whittingham Lane
Goosnargh
Preston
Lancashire
PR3 2JJ

These financial statements were authorised for issue by the Board on 18 March 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Computer equipment

33% straight line

Fixtures and fittings

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate reviewed annually. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
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 statement of financial position 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 liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

4

Tangible assets

Fixtures, fittings, and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2023

11,641

267

11,908

At 30 November 2024

11,641

267

11,908

Depreciation

At 1 December 2023

6,915

220

7,135

Charge for the year

1,352

7

1,359

At 30 November 2024

8,267

227

8,494

Carrying amount

At 30 November 2024

3,374

40

3,414

At 30 November 2023

4,727

47

4,774

5

Investment properties

2024
£

At 1 December

439,841

At 30 November

439,841

There has been no valuation of investment property by an independent valuer. The directors have considered the value and find that it is appropriate in the current market.

6

Investments

2024
£

2023
£

Current financial assets

Financial assets at fair value through profit and loss

136,520

89,178

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

6

Investments (continued)

Financial assets at fair value through profit and loss
£

Current financial assets

Cost or valuation

At 1 December 2023

89,178

Fair value adjustments

27,431

Additions

35,920

Transfers

(16,009)

At 30 November 2024

136,520

Carrying amount

At 30 November 2024

136,520

7

Debtors

Current

2024
£

2023
£

Trade debtors

31,480

30,310

Prepayments

5,909

2,588

Other debtors

37,589

127,838

 

74,978

160,736

Details of non-current trade and other debtors

£6,591 (2023 -£6,591) of Recoverable tax is classified as non current.

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,006

469

Taxation and social security

80,210

74,544

Accruals and deferred income

3,235

4,693

Other creditors

720

720

85,171

80,426

9

Related party transactions

Loans to related parties

2024

Key management
£

At start of period

120,528

Repaid

(101,624)

Interest at 2.25%

1,374

At end of period

20,278

2023

Key management
£

At start of period

831

Advanced and repaid

118,545

Interest transactions

1,152

At end of period

120,528

Terms of loans to related parties

Loans owed by key management are repayable on demand.
 

 

Dr SDV Shaunak Limited

Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)

10 Company reserves

Within profit and loss reserve account totalling £1,359,098, there are amounts that are distributable and non-distributable to shareholders.

Amounts totalling £1,345,628 (2023: £1,169,263) are distributable and amounts totalling £13,470 (2023: £13,470) are not distributable.