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Registration number: 05159295

Oak House Veterinary Centre Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 August 2023 to 13 June 2024

 

Oak House Veterinary Centre Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Oak House Veterinary Centre Ltd

(Registration number: 05159295)
Abridged Balance Sheet as at 13 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

2,611

20,287

Tangible assets

5

205,313

214,236

 

207,924

234,523

Current assets

 

Stocks

6

21,601

15,564

Debtors

86,137

49,640

Cash at bank and in hand

 

198,011

290,167

 

305,749

355,371

Creditors: Amounts falling due within one year

7

(200,703)

(293,517)

Net current assets

 

105,046

61,854

Total assets less current liabilities

 

312,970

296,377

Creditors: Amounts falling due after more than one year

8

(77,462)

(108,073)

Provisions for liabilities

(15,778)

(17,214)

Net assets

 

219,730

171,090

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

219,630

170,990

Total equity

 

219,730

171,090

 

Oak House Veterinary Centre Ltd

(Registration number: 05159295)
Abridged Balance Sheet as at 13 June 2024

For the financial period ending 13 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 



Mr M Stanworth

Director

 

Oak House Veterinary Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2023 to 13 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spitfire House
Aviator Court
York
North Yorkshire
YO30 4UZ
England

These financial statements were authorised for issue by the Board on 13 May 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounting period being reported runs from 1 August 2023 to 13 June 2024, this is due to the company being sold to VetPartners Limited on this date. The comparable amounts are therefore not entirely comparable.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% Straight line

 

Oak House Veterinary Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2023 to 13 June 2024

Short Leasehold Property

4% Straight line

Fixtures and Fittings

15% Reducing balance

Motor Vehicles

25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 25 (2023 - 26).

4

Intangible assets

Total
£

Cost or valuation

At 1 August 2023

405,800

At 13 June 2024

405,800

Amortisation

At 1 August 2023

385,513

Amortisation charge

17,676

At 13 June 2024

403,189

Carrying amount

At 13 June 2024

2,611

At 31 July 2023

20,287

 

Oak House Veterinary Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 August 2023 to 13 June 2024

5

Tangible assets

Total
£

Cost or valuation

At 1 August 2023

558,815

Additions

7,742

At 13 June 2024

566,557

Depreciation

At 1 August 2023

344,579

Charge for the year

16,665

At 13 June 2024

361,244

Carrying amount

At 13 June 2024

205,313

At 31 July 2023

214,236

6

Stocks

2024
£

2023
£

Stock

21,601

15,564

7

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £37,300 (2023 - £36,600).

8

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £75,411 (2023 - £108,074).

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £911).

10

Non adjusting events after the financial period

Up to 13 June 2024 the company was controlled by Mr A Draper and Ms C Cullen.

On 13 June 2024 100% of the share capital was acquired by VetPartners Limited whose ultimate controlling parent undertaking was BC European X, a collection of Limited partnerships with no single controlling entity.