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REGISTRAR OF COMPANIES

Registration number: 10045589

Kendal Dental Practice Limited

Unaudited Financial Statements

30 June 2024

image-name

 

Kendal Dental Practice Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kendal Dental Practice Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kendal Dental Practice Limited for the year ended 30 June 2024 as set out on pages 2 to 8 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 http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Kendal Dental Practice Limited, as a body, in accordance with the terms of our engagement letter dated 9 February 2021. Our work has been undertaken solely to prepare for your approval the accounts of Kendal Dental Practice Limited and state those matters that we have agreed to state to the Board of Directors of Kendal Dental Practice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kendal Dental Practice Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Kendal Dental 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 accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

20 January 2025

 

Kendal Dental Practice Limited

(Registration number: 10045589)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

574,062

574,110

Current assets

 

Cash at bank and in hand

 

4,510

1,316

Creditors: Amounts falling due within one year

5

(32,649)

(30,796)

Net current liabilities

 

(28,139)

(29,480)

Total assets less current liabilities

 

545,923

544,630

Creditors: Amounts falling due after more than one year

5

(503,578)

(521,287)

Net assets

 

42,345

23,343

Capital and reserves

 

Allotted, called up and fully paid share capital

100

100

Profit and loss account

42,245

23,243

Total equity

 

42,345

23,343

 

Kendal Dental Practice Limited

(Registration number: 10045589)
Balance Sheet as at 30 June 2024 (continued)

For the financial year ending 30 June 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 20 January 2025 and signed on its behalf by:
 

.........................................

S R Crook

Director

.........................................

R J Crook

Director

 

Kendal Dental Practice Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
Clint Mill
Cornmarket
PENRITH
CA11 7HW

The principal place of business is:
56 Stramongate
KENDAL
LA9 4BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 company has net current liabilities at 30 June 2024 and meets its day to day working capital requirements through its bank borrowings which, in common with all such facilities, is repayable on demand. On the basis of this support, the director considers it appropriate to prepare the financial statements on the going concern basis.

However, should the company not have the support of its director, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

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.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

 

Kendal Dental Practice Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

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

 

Kendal Dental Practice Limited

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

4

Investments

2024
£

2023
£

Investments in subsidiaries

574,062

574,110

Subsidiaries

£

Cost

At 1 July 2023

574,110

Additions

(48)

At 30 June 2024

574,062

Provision

Carrying amount

At 30 June 2024

574,062

At 30 June 2023

574,110

 

Kendal Dental Practice Limited

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

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

26,855

25,923

Trade creditors

 

485

3,360

Other creditors

 

5,309

1,513

 

32,649

30,796

Due after one year

 

Loans and borrowings

6

503,578

521,287

2024
£

2023
£

After more than five years by instalments

422,336

444,325

422,336

444,325

 

Kendal Dental Practice Limited

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

6

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

17,707

16,775

Other borrowings

9,148

9,148

26,855

25,923

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

2024
£

2023
£

Bank borrowings

17,707

16,775

Bank borrowings are secured by a mortgage containing fixed and floating charges over the company's assets.
 

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

503,578

521,287

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

2024
£

2023
£

Bank borrowings

503,578

521,287

Bank borrowings are secured by a mortgage containing fixed and floating charges over the company's assets.