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Registration number: 14942844

Vita Referrals Site 01 Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 19 June 2023 to 30 June 2024

 

Vita Referrals Site 01 Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Vita Referrals Site 01 Ltd

(Registration number: 14942844)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

855,643

Current assets

 

Debtors

115,786

Cash at bank and in hand

 

172,315

 

288,101

Creditors: Amounts falling due within one year

5

(373,545)

Net current liabilities

 

(85,444)

Total assets less current liabilities

 

770,199

Creditors: Amounts falling due after more than one year

6

(903,284)

Provisions for liabilities

29,819

Net liabilities

 

(103,266)

Capital and reserves

 

Called up share capital

600

Profit and loss account

(103,866)

Total equity

 

(103,266)

For the financial period ending 30 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 8 May 2025 and signed on its behalf by:
 

Mr S Cooke

Director

Mr N J Blackburn

Director

Mr R J Quinn

Director

 

Vita Referrals Site 01 Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 19 June 2023 to 30 June 2024

1

General information

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

The address of its registered office is:
The Stables
Shaw Lane
Beckwithshaw
Harrogate
HG3 1QZ

These financial statements were authorised for issue by the Board on 8 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.

Going concern
The financial statements have been prepared on a going concern basis despite the company having net current liabilities. The director has pledged to support the company financially where necessary.

The financial statements have been prepared on a going concern basis.

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 income 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

Leasehold property

Over the term of the lease

Fixtures and Fittings

15% Reducing Balance

Plant & Equipment

20% Reducing Balance

Office equipment

25% Reducing Balance

 

Vita Referrals Site 01 Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 19 June 2023 to 30 June 2024

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

Other intangibles

5% Straight Line

Stocks

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6.

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

470,593

1,855

351,868

31,327

855,643

At 30 June 2024

470,593

1,855

351,868

31,327

855,643

Depreciation

Carrying amount

At 30 June 2024

470,593

1,855

351,868

31,327

855,643

Included within the net book value of land and buildings above is £470,593 in respect of freehold land and buildings.
 

 

Vita Referrals Site 01 Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 19 June 2023 to 30 June 2024

5

Creditors: amounts falling due within one year

Creditors include bank loans and hire purchase contracts which are secured of £143,062

6

Creditors: amounts falling due after more than one year

Creditors include bank loans repayable by instalments of £286,463.00 ( - £0.00) due after more than five years.

7

Related party transactions

Key management personnel

Included within the other creditors is a loan from QROAM Limited, a company connected by common control. At the balance sheet date. QROAM limited is owed £100,000 by the company. Interest is charged at 10.5%. No repayments made in the year.

Included within the other creditors is a loan from Ridgewood Orthopaedic Services Limited, a company connected by common control. At the balance sheet date. Ridgewood Orthopaedic Services Limited is owed £150,000 by the company. Interest is charged at 10.5%. No repayments made in the year.

Included within the other creditors is a loan from 5F Professional Services Limited Limited, a company connected by common control. At the balance sheet date. 5F Professional Services Limited Limited is owed £150,000 by the company. Interest is charged at 10.5%. No repayments made in the year.