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REGISTERED NUMBER: 06257482 (England and Wales)














The Anchorage Practice Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






The Anchorage Practice Limited (Registered number: 06257482)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Anchorage Practice Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: K Ghafari





SECRETARY:





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 06257482 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

The Anchorage Practice Limited (Registered number: 06257482)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 42,205 57,205
Tangible assets 5 587,225 605,498
629,430 662,703

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 6 10,698 112,200
Cash at bank 34,783 28,498
52,981 148,198
CREDITORS
Amounts falling due within one year 7 202,753 194,830
NET CURRENT LIABILITIES (149,772 ) (46,632 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,658

616,071

CREDITORS
Amounts falling due after more than one year 8 284,813 388,407
NET ASSETS 194,845 227,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 194,745 227,564
SHAREHOLDERS' FUNDS 194,845 227,664

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Anchorage Practice Limited (Registered number: 06257482)

Balance Sheet - continued
31 July 2024


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 23 April 2025 and were signed by:





K Ghafari - Director


The Anchorage Practice Limited (Registered number: 06257482)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

The Anchorage 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

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

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.

The Anchorage Practice Limited (Registered number: 06257482)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 147,205
AMORTISATION
At 1 August 2023 90,000
Amortisation for year 15,000
At 31 July 2024 105,000
NET BOOK VALUE
At 31 July 2024 42,205
At 31 July 2023 57,205

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 525,014 194,285 11,335 402 731,036
DEPRECIATION
At 1 August 2023 - 113,801 11,335 402 125,538
Charge for year - 18,273 - - 18,273
At 31 July 2024 - 132,074 11,335 402 143,811
NET BOOK VALUE
At 31 July 2024 525,014 62,211 - - 587,225
At 31 July 2023 525,014 80,484 - - 605,498

The Anchorage Practice Limited (Registered number: 06257482)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 11,094 11,196

Amounts falling due after more than one year:
Other debtors (396 ) 101,004

Aggregate amounts 10,698 112,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 10,274 9,078
Taxation 475 -
Social security and other taxes 570 937
Other creditors 8,114 -
Directors' current accounts 69,017 35,265
Accruals and deferred income 54,153 87,000
Accrued expenses 10,150 12,550
202,753 194,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 109,331 212,925
Other loans - 2-5 years 175,482 175,482
284,813 388,407