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REGISTERED NUMBER: 10444595 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

Lancashire Oral Surgery Clinic Ltd.

Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 717,223 770,040
Tangible assets 5 126,631 120,174
843,854 890,214

CURRENT ASSETS
Debtors 6 54,501 92,048
Cash at bank 36,204 12,002
90,705 104,050
CREDITORS
Amounts falling due within one year 7 493,200 617,309
NET CURRENT LIABILITIES (402,495 ) (513,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,359

376,955

CREDITORS
Amounts falling due after more than one year 8 (292,121 ) (209,853 )

PROVISIONS FOR LIABILITIES (24,060 ) (22,833 )
NET ASSETS 125,178 144,269

CAPITAL AND RESERVES
Called up share capital 10 112 112
Retained earnings 125,066 144,157
SHAREHOLDERS' FUNDS 125,178 144,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 3rd July 2025 and were signed on its behalf by:





Dr P Stirrup - Director


Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. COMPANY INFORMATION

Lancashire Oral Surgery Clinic Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10444595

Registered office: 19a, Milbourne St
Blackpool
Lancashire
FY1 3ER

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue from the provision of professional services is recognised on delivery of the service.

Goodwill
Franchise costs, 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
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or
valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual
values over their useful lives on the following basis:

Leasehold Property Improvements - 10% on cost
Computer Equipment - 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the
sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.


Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1st November 2023
and 31st October 2024 792,267
AMORTISATION
At 1st November 2023 22,227
Amortisation for year 52,817
At 31st October 2024 75,044
NET BOOK VALUE
At 31st October 2024 717,223
At 31st October 2023 770,040

On 30 November 2022 the Dr D Hammond purchased the entire share capital of the company from the outgoing shareholders. The consideration, net of legal fees and other associated costs, has been capitalised as goodwill of the practice and is being written off over a 10 year period.

Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

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

5. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1st November 2023 103,600 - 52,518 156,118
Additions - 26,200 1,630 27,830
At 31st October 2024 103,600 26,200 54,148 183,948
DEPRECIATION
At 1st November 2023 18,914 - 17,030 35,944
Charge for year 10,360 237 10,776 21,373
At 31st October 2024 29,274 237 27,806 57,317
NET BOOK VALUE
At 31st October 2024 74,326 25,963 26,342 126,631
At 31st October 2023 84,686 - 35,488 120,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 53,360 90,907
Other debtors 1 1
Deposit 1,140 1,140
54,501 92,048

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 16,923 9,684
Tax 23,769 35,236
Other creditors 342,000 570,000
Pension Payable 279 -
Directors' current accounts 107,669 389
Accrued expenses 2,560 2,000
493,200 617,309

Other creditors include £570,000 of deferred consideration.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans more 5 yr by instal 292,121 209,853

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 292,121 209,853

Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The company has a loan with Natwest Bank of £nil (2022: £55,489). The loan is secured over a property owned by a related party and a guarantee for £118,800 from the company itself.

The company entered into a new loan during the period to finance the acquisition of the practice. The loan is repayable over a 10 year term.

9. LEASING AGREEMENTS
During the year, the company entered into an operating lease agreement for the leasehold property. The agreement is on a 12 month rolling contract basis and the company makes monthly lease payments of £1,500.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
1 Ordinary I £1 1 1
1 Ordinary J £1 1 1
1 Ordinary K £1 1 1
1 Ordinary L £1 1 1
1 Ordinary M £1 1 1
112 112

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any
general meeting of the company.

All other share classes have no voting or distribution rights. Each share has a right to dividends
at the discretion of the A shareholders.

All shares classes rank equally in terms of capital distribution rights.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

31.10.24 31.10.23
£    £   
Dr D R Hammond
Balance outstanding at start of year (389 ) (43,835 )
Amounts advanced 96,095 85,252
Amounts repaid (203,375 ) (41,806 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (107,669 ) (389 )

Lancashire Oral Surgery Clinic Ltd. (Registered number: 10444595)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Dr F J Hughes
Balance outstanding at start of year - (26,315 )
Amounts advanced - 26,315
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Dr P Stirrup
Balance outstanding at start of year - (3,350 )
Amounts advanced - 3,350
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan is repayable on demand and no interest was charged during the year.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Dr D R Hammond.

The ultimate controlling party is the directors by virtue of holding 100% of the voting share capital.