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REGISTERED NUMBER: 12807594 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2024

for

DR PADDY RUANE MEDICAL ENTERPRISES LTD

DR PADDY RUANE MEDICAL ENTERPRISES LTD (REGISTERED NUMBER: 12807594)

Contents of the Financial Statements
for the year ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DR PADDY RUANE MEDICAL ENTERPRISES LTD

Company Information
for the year ended 5 April 2024







Director: Dr P J Ruane





Registered office: 82 Sloane Street
Chelsea
London
SW1X 9PA





Registered number: 12807594 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DR PADDY RUANE MEDICAL ENTERPRISES LTD (REGISTERED NUMBER: 12807594)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,033 6,303

Current assets
Debtors 5 1,545,574 1,210,930
Cash at bank 667,059 310,944
2,212,633 1,521,874
Creditors
Amounts falling due within one year 6 459,821 249,919
Net current assets 1,752,812 1,271,955
Total assets less current liabilities 1,757,845 1,278,258

Capital and reserves
Called up share capital 7 50,000 50,000
Retained earnings 1,707,845 1,228,258
Shareholders' funds 1,757,845 1,278,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





Dr P J Ruane - Director


DR PADDY RUANE MEDICAL ENTERPRISES LTD (REGISTERED NUMBER: 12807594)

Notes to the Financial Statements
for the year ended 5 April 2024


1. Statutory information

Dr Paddy Ruane Medical Enterprises Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover for the provision of services is recognised in the same period within which the services are performed.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

DR PADDY RUANE MEDICAL ENTERPRISES LTD (REGISTERED NUMBER: 12807594)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 6 April 2023 7,548
Additions 342
At 5 April 2024 7,890
Depreciation
At 6 April 2023 1,245
Charge for year 1,612
At 5 April 2024 2,857
Net book value
At 5 April 2024 5,033
At 5 April 2023 6,303

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 1,020,657 969,074
Directors' loan accounts 392,461 241,856
Tax 132,456 -
1,545,574 1,210,930

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 244 38,554
Tax 455,977 207,765
Accruals and deferred income 3,600 3,600
459,821 249,919

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
45,000 A Ordinary £1 45,000 45,000
5,000 B Ordinary £1 5,000 5,000
50,000 50,000

DR PADDY RUANE MEDICAL ENTERPRISES LTD (REGISTERED NUMBER: 12807594)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
Dr P J Ruane
Balance outstanding at start of year 241,856 (11,155 )
Amounts advanced 880,250 1,011,837
Amounts repaid (729,645 ) (758,826 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 392,461 241,856

The advance is subject to interest at a rate of 2.5%, and this is repayable upon demand.

9. Related party disclosures

During the year, the company provided a loan to The Sloane Street Surgery Limited, a company of which Dr P J Ruane is also a director. The amount provided was a total of £37,500 (2023 - £nil). The loan is interest free and repayable upon demand. At the balance sheet date the amount due to the company was £37,500 (2023 - £nil).