REGISTERED NUMBER: 06722248 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

O H PRACTICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S Sawhney

A K Mehta

SECRETARY:

A K Mehta

REGISTERED OFFICE:

12 Manor Road

Twickenham

Middlesex

TW2 5DF

REGISTERED NUMBER:

06722248 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

742

1,272

Investments

5

625,542

378,727

626,284

379,999

CURRENT ASSETS

Debtors

6

57,874

55,867

Cash at bank

34,045

59,058

91,919

114,925

CREDITORS

Amounts falling due within one year

7

68,058

24,513

NET CURRENT ASSETS

23,861

90,412

TOTAL ASSETS LESS CURRENT LIABILITIES

650,145

470,411

PROVISIONS FOR LIABILITIES

32,356

-

NET ASSETS

617,789

470,411

CAPITAL AND RESERVES

Called up share capital

8

120

120

Fair value reserve

9

97,069

-

Retained earnings

9

520,600

470,291

SHAREHOLDERS' FUNDS

617,789

470,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

Dr S Sawhney - Director

1.	STATUTORY INFORMATION

O H Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to the director's personal pension scheme. Contributions are charged to the profit and loss account in the period to which they relate.

Fixed asset investments

Listed investments are valued at fair value.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,591

DEPRECIATION

At 1 January 2024

319

Charge for year

530

At 31 December 2024

849

NET BOOK VALUE

At 31 December 2024

742

At 31 December 2023

1,272

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

378,727

Additions

161,701

Revaluations

85,114

At 31 December 2024

625,542

NET BOOK VALUE

At 31 December 2024

625,542

At 31 December 2023

378,727

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

85,114

Cost

540,428

625,542

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

55,950

54,000

Other debtors

1,924

1,867

57,874

55,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

1,744

Taxation and social security

33,170

5,169

Other creditors

34,888

17,600

68,058

24,513

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

20

Ordinary B

£1

20

20

120

120

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

470,291

-

470,291

Profit for the year

158,378

158,378

Dividends

(11,000

)

(11,000

)

Transfer

(97,069

)

97,069

-

At 31 December 2024

520,600

97,069

617,669

Retained earnings

This reserve is made up of cumulative profit and loss net of distribution to owners.

Fair value reserve: Investment portfolio

This reserve is used to record gains in the fair value of investments and losses to the extent that such a loss relates to a previous gain on the same asset. It is also used to record any corresponding deferred tax (charge)/credit on fair value changes in investments.

10.	RELATED PARTY DISCLOSURES

Creditors due within one year include £33,388 (2023 - £16,100) owed to a director of the company.