Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr J J Cowie 30/09/2014 Mrs R Cowie 30/09/2014 24 June 2025 The principle activity of the company is the provision of dental endodontic services. 09242079 2024-09-30 09242079 bus:Director1 2024-09-30 09242079 bus:Director2 2024-09-30 09242079 2023-09-30 09242079 core:CurrentFinancialInstruments 2024-09-30 09242079 core:CurrentFinancialInstruments 2023-09-30 09242079 core:Non-currentFinancialInstruments 2024-09-30 09242079 core:Non-currentFinancialInstruments 2023-09-30 09242079 core:ShareCapital 2024-09-30 09242079 core:ShareCapital 2023-09-30 09242079 core:RetainedEarningsAccumulatedLosses 2024-09-30 09242079 core:RetainedEarningsAccumulatedLosses 2023-09-30 09242079 core:OtherPropertyPlantEquipment 2023-09-30 09242079 core:OtherPropertyPlantEquipment 2024-09-30 09242079 core:CostValuation 2023-09-30 09242079 core:CostValuation 2024-09-30 09242079 core:MoreThanFiveYears 2024-09-30 09242079 core:MoreThanFiveYears 2023-09-30 09242079 2022-09-30 09242079 bus:OrdinaryShareClass1 2024-09-30 09242079 core:WithinOneYear 2024-09-30 09242079 core:WithinOneYear 2023-09-30 09242079 core:BetweenOneFiveYears 2024-09-30 09242079 core:BetweenOneFiveYears 2023-09-30 09242079 2023-10-01 2024-09-30 09242079 bus:FilletedAccounts 2023-10-01 2024-09-30 09242079 bus:SmallEntities 2023-10-01 2024-09-30 09242079 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09242079 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09242079 bus:Director1 2023-10-01 2024-09-30 09242079 bus:Director2 2023-10-01 2024-09-30 09242079 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 09242079 2022-10-01 2023-09-30 09242079 core:Subsidiary1 2023-10-01 2024-09-30 09242079 core:Subsidiary1 1 2023-10-01 2024-09-30 09242079 core:Subsidiary1 1 2022-10-01 2023-09-30 09242079 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 09242079 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 09242079 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09242079 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 09242079 (England and Wales)

JONATHAN COWIE ENDODONTICS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

JONATHAN COWIE ENDODONTICS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

JONATHAN COWIE ENDODONTICS LIMITED

BALANCE SHEET

As at 30 September 2024
JONATHAN COWIE ENDODONTICS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,214 9,415
Investments 4 235,700 235,700
243,914 245,115
Current assets
Debtors 5 9,680 3,070
Cash at bank and in hand 6,689 34,614
16,369 37,684
Creditors: amounts falling due within one year 6 ( 35,091) ( 37,945)
Net current liabilities (18,722) (261)
Total assets less current liabilities 225,192 244,854
Creditors: amounts falling due after more than one year 7 ( 116,778) ( 147,222)
Net assets 108,414 97,632
Capital and reserves
Called-up share capital 9 1,000 1,000
Profit and loss account 107,414 96,632
Total shareholders' funds 108,414 97,632

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jonathan Cowie Endodontics Limited (registered number: 09242079) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

Mr J J Cowie
Director
JONATHAN COWIE ENDODONTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
JONATHAN COWIE ENDODONTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jonathan Cowie Endodontics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current 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 corporation 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 25,274 25,274
Additions 1,339 1,339
At 30 September 2024 26,613 26,613
Accumulated depreciation
At 01 October 2023 15,859 15,859
Charge for the financial year 2,540 2,540
At 30 September 2024 18,399 18,399
Net book value
At 30 September 2024 8,214 8,214
At 30 September 2023 9,415 9,415

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 235,700
At 30 September 2024 235,700
Carrying value at 30 September 2024 235,700
Carrying value at 30 September 2023 235,700

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
Circus Dental Limited Lowin House, Tregolls Road, Truro, TR1 2NA Dental practice activities Ordinary 20.00% 20.00%
Contemporary Endodontics Limited Lowin House, Tregolls Road, Truro, TR1 2NA Other education and manufacture of dental instruments and supplies Ordinary 50.00% 50.00%

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 5,970 1,970
Other debtors 3,710 1,100
9,680 3,070

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 28,979 27,513
Trade creditors 0 594
Taxation and social security 1,456 2,338
Other creditors 4,656 7,500
35,091 37,945

The bank loans are secured by fixed and floating charges over the company's assets.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 116,778 147,222

The bank loans are secured by fixed and floating charges over the company's assets.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (repayable by instalments) 46,916 57,318

8. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 2,026) 0
At the end of financial year ( 2,026) 0

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Class A ordinary shares of £ 1.00 each 1,000 1,000

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 16,677 15,298
between one and five years 28,431 14,184
45,108 29,482

11. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Amounts owing from/(to) Contemporary Endodontics Limited 5,970 1,970
Amounts owing from/(to) Circus Dental Limited 1,100 1,100

Transactions with the entity's directors

2024 2023
£ £
Amounts owing (to)/from the directors 2,088 (4,168)