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REGISTERED NUMBER: 07112331 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

Manor Pharmacy (Broadstairs) Limited
Trading as
Pierremont Pharmacy

Manor Pharmacy (Broadstairs) Limited (Registered number: 07112331)
Trading as Pierremont Pharmacy






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Manor Pharmacy (Broadstairs) Limited
Trading as Pierremont Pharmacy

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: Mr G S Phillips





REGISTERED OFFICE: Unit 3 Metro Centre
Ronsons Way
Sandridge
St Albans
Hertfordshire
AL4 9QT





REGISTERED NUMBER: 07112331 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

Manor Pharmacy (Broadstairs) Limited (Registered number: 07112331)
Trading as Pierremont Pharmacy

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,142 4,691
2,142 4,691

CURRENT ASSETS
Stocks 61,050 65,846
Debtors 6 625,708 609,262
Cash at bank and in hand 125,601 82,000
812,359 757,108
CREDITORS
Amounts falling due within one year 7 (825,883 ) (859,790 )
NET CURRENT LIABILITIES (13,524 ) (102,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,382

)

(97,991

)

CREDITORS
Amounts falling due after more than one year 8 (7,500 ) (17,500 )
NET LIABILITIES (18,882 ) (115,491 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,982 ) (115,591 )
(18,882 ) (115,491 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:





Mr G S Phillips - Director


Manor Pharmacy (Broadstairs) Limited (Registered number: 07112331)
Trading as Pierremont Pharmacy

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Manor Pharmacy (Broadstairs) 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.

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.

Going concern:
Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient support from its creditors. Accordingly, the director considers that it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill & licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

Manor Pharmacy (Broadstairs) Limited (Registered number: 07112331)
Trading as Pierremont Pharmacy

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 550,000
AMORTISATION
At 1 September 2023
and 31 August 2024 550,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 27,906
Disposals (7,533 )
At 31 August 2024 20,373
DEPRECIATION
At 1 September 2023 23,215
Charge for year 378
Eliminated on disposal (5,362 )
At 31 August 2024 18,231
NET BOOK VALUE
At 31 August 2024 2,142
At 31 August 2023 4,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 121,046 132,486
Other debtors 504,662 476,776
625,708 609,262

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 195,710 196,530
Taxation and social security 35,538 4,916
Other creditors 584,635 648,344
825,883 859,790

Manor Pharmacy (Broadstairs) Limited (Registered number: 07112331)
Trading as Pierremont Pharmacy

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,500 17,500

9. OTHER FINANCIAL COMMITMENTS

Lloyds TSB Bank Plc have a charge on the company's assets.

10. RELATED PARTY DISCLOSURES

At the year end, the company was owed £265,365 (2023 - £265,365) by Summerhill Pharma Limited, a company in which Mr G S Phillips is a director and 50% shareholder.

The company owed £153,658 (2023 - £246,700) to the sole trader businesses owned and managed by Mr Phillips.

During the year, management charges of £42,301 (2023 - £29,000) were paid to Mr Phillips' businesses.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G S Phillips.