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REGISTERED NUMBER: 08601863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Park Street Practice Limited

Park Street Practice Limited (Registered number: 08601863)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Street Practice Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs. D.C.N. Dumitriu





SECRETARY: V.G. Dumitriu





REGISTERED OFFICE: 30 Park Street
Weymouth
Dorset
DT4 7DG





REGISTERED NUMBER: 08601863 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

Park Street Practice Limited (Registered number: 08601863)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,340 9,211
9,340 9,211

CURRENT ASSETS
Stocks 800 800
Debtors 6 22,512 300
Investments 7 45,704 68,556
Cash at bank and in hand 15,568 9,857
84,584 79,513
CREDITORS
Amounts falling due within one year 8 66,149 57,472
NET CURRENT ASSETS 18,435 22,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,775

31,252

PROVISIONS FOR LIABILITIES 2,475 2,441
NET ASSETS 25,300 28,811

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 25,200 28,711
SHAREHOLDERS' FUNDS 25,300 28,811

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

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

The director acknowledges her 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.

Park Street Practice Limited (Registered number: 08601863)

Balance Sheet - continued
31 December 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 director and authorised for issue on 17 July 2025 and were signed by:





Mrs. D.C.N. Dumitriu - Director


Park Street Practice Limited (Registered number: 08601863)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Park Street 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


Park Street Practice Limited (Registered number: 08601863)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 157,000
AMORTISATION
At 1 January 2024
and 31 December 2024 157,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Park Street Practice Limited (Registered number: 08601863)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 32,115 2,629 34,744
Additions 2,100 - - 2,100
At 31 December 2024 2,100 32,115 2,629 36,844
DEPRECIATION
At 1 January 2024 - 23,500 2,033 25,533
Charge for year 315 1,292 364 1,971
At 31 December 2024 315 24,792 2,397 27,504
NET BOOK VALUE
At 31 December 2024 1,785 7,323 232 9,340
At 31 December 2023 - 8,615 596 9,211

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 12,600 300
Directors' current accounts 9,912 -
22,512 300

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Unlisted investments 45,704 68,556

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 8,260 8,727
Tax 34,378 23,622
Social security and other taxes 3,952 4,262
Pension 549 321
Deferred income 15,110 15,286
Directors' current accounts - 1,394
Accrued expenses 3,900 3,860
66,149 57,472

Park Street Practice Limited (Registered number: 08601863)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mrs. D.C.N. Dumitriu
Balance outstanding at start of year (1,394 ) 28,110
Amounts advanced 151,987 103,856
Amounts repaid (140,681 ) (133,360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,912 (1,394 )

11. RELATED PARTY DISCLOSURES

Rent was paid to Mrs. D.C.N. Dumitriu in the year of £18,120.(2021 £18,120).