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REGISTERED NUMBER: 07217428 (England and Wales)

















Unaudited Financial Statements

for the Period 30 July 2023 to 27 July 2024

for

Peak Medical Practice Limited

Peak Medical Practice Limited (Registered number: 07217428)






Contents of the Financial Statements
for the Period 30 July 2023 to 27 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peak Medical Practice Limited

Company Information
for the Period 30 July 2023 to 27 July 2024







DIRECTORS: Dr G Parker
Mr A J Parker





REGISTERED OFFICE: Huntbridge Hall
Matlock Green
Matlock
Derbyshire
DE4 3BX





REGISTERED NUMBER: 07217428 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Peak Medical Practice Limited (Registered number: 07217428)

Balance Sheet
27 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 671,916 672,610
Investments 5 429,243 -
1,101,159 672,610

CURRENT ASSETS
Debtors 6 1,076,811 236,428
Cash at bank and in hand 5,590,623 6,439,606
6,667,434 6,676,034
CREDITORS
Amounts falling due within one year 7 (298,941 ) (177,114 )
NET CURRENT ASSETS 6,368,493 6,498,920
TOTAL ASSETS LESS CURRENT LIABILITIES 7,469,652 7,171,530

PROVISIONS FOR LIABILITIES (5,932 ) (6,106 )
NET ASSETS 7,463,720 7,165,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,463,620 7,165,324
7,463,720 7,165,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 July 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.

Peak Medical Practice Limited (Registered number: 07217428)

Balance Sheet - continued
27 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:




Mr A J Parker - Director



Dr G Parker - Director


Peak Medical Practice Limited (Registered number: 07217428)

Notes to the Financial Statements
for the Period 30 July 2023 to 27 July 2024

1. STATUTORY INFORMATION

Peak Medical Practice 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.

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 as modified by the revaluation of certain assets.

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 fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 6 ) .

Peak Medical Practice Limited (Registered number: 07217428)

Notes to the Financial Statements - continued
for the Period 30 July 2023 to 27 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 July 2023 648,186 47,875 696,061
Additions - 6,908 6,908
Disposals - (819 ) (819 )
At 27 July 2024 648,186 53,964 702,150
DEPRECIATION
At 30 July 2023 - 23,451 23,451
Charge for period - 7,602 7,602
Eliminated on disposal - (819 ) (819 )
At 27 July 2024 - 30,234 30,234
NET BOOK VALUE
At 27 July 2024 648,186 23,730 671,916
At 29 July 2023 648,186 24,424 672,610

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 464,235
Disposals (62,478 )
Revaluations 27,486
At 27 July 2024 429,243
NET BOOK VALUE
At 27 July 2024 429,243

Cost or valuation at 27 July 2024 is represented by:

Other
investments
£   
Valuation in 2024 429,243

The investments are valued by the fund managers with reference to the stock market values at the year end.

Peak Medical Practice Limited (Registered number: 07217428)

Notes to the Financial Statements - continued
for the Period 30 July 2023 to 27 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,260 216,461
Other debtors 897,551 19,967
1,076,811 236,428

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,315 5,021
Taxation and social security 279,252 142,749
Other creditors 17,374 29,344
298,941 177,114

8. RELATED PARTY DISCLOSURES

At the year end the director's owed the company £726,632 (2023 - £Nil), interest of £1,718 was charged on the loan during the year at the official HMRC rate.