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REGISTERED NUMBER: 04483622 (England and Wales)







Financial Statements

for the Year Ended 31 July 2024

for

Britto Psychiatry Limited

Britto Psychiatry Limited (Registered number: 04483622)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Britto Psychiatry Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Dr D J J Britto
Mrs L G Britto





SECRETARY: Mrs L G Britto





REGISTERED OFFICE: Northfield
14 Thornhill Road
Lindley
Huddersfield
West Yorkshire
HD3 3DD





REGISTERED NUMBER: 04483622 (England and Wales)





AUDITORS: Lindley Adams Limited Chartered Accountants
Statutory Auditor
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Britto Psychiatry Limited (Registered number: 04483622)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 1,663 1,460

CURRENT ASSETS
Debtors 6 88,302 198,184
Cash at bank 4,217,040 4,002,539
4,305,342 4,200,723
CREDITORS
Amounts falling due within one year 7 599,195 626,149
NET CURRENT ASSETS 3,706,147 3,574,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,707,810

3,576,034

PROVISIONS FOR LIABILITIES 730 365
NET ASSETS 3,707,080 3,575,669

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 3,706,970 3,575,559
SHAREHOLDERS' FUNDS 3,707,080 3,575,669

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 25 April 2025 and were signed on its behalf by:





Dr D J J Britto - Director


Britto Psychiatry Limited (Registered number: 04483622)

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


1. STATUTORY INFORMATION

Britto Psychiatry 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 equipment - 15% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

4. EMPLOYEES AND DIRECTORS

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

Britto Psychiatry Limited (Registered number: 04483622)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 August 2023 17,837 10,203 28,040
Additions 204 582 786
At 31 July 2024 18,041 10,785 28,826
DEPRECIATION
At 1 August 2023 16,777 9,803 26,580
Charge for year 189 394 583
At 31 July 2024 16,966 10,197 27,163
NET BOOK VALUE
At 31 July 2024 1,075 588 1,663
At 31 July 2023 1,060 400 1,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 68,302 139,110
Amounts recoverable on contract 20,000 20,000
Prepayments and accrued income - 39,074
88,302 198,184

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings 137,998 197,998
Corporation tax 60,306 67,817
VAT 24,643 38,039
David Britto loan account 82,162 82,162
Directors' loan accounts 286,286 232,333
Accrued expenses 7,800 7,800
599,195 626,149

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David C Adams FCA (Senior Statutory Auditor)
for and on behalf of Lindley Adams Limited Chartered Accountants

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

Britto Psychiatry Limited (Registered number: 04483622)

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


10. ULTIMATE PARENT COMPANY

The Company's ultimate parent company is The Britto Healthcare Group Limited (a company registered in England and Wales). The address is Northfield, 14 Thornhill Road, Edgerton, Huddersfield, West Yorkshire, HD3 3DD. Copies of its group accounts are available from the Registrar of Companies.

The ultimate controlling parties are Dr D J J Britto and Mrs L Britto by virtue of their shareholdings.