IRIS Accounts Production v25.2.0.378 OC378442 designated member 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3784422024-03-31OC3784422025-03-31OC3784422024-04-012025-03-31OC3784422023-04-30OC3784422023-05-012024-03-31OC3784422024-03-31OC378442ns15:EnglandWales2024-04-012025-03-31OC378442ns14:PoundSterling2024-04-012025-03-31OC378442ns10:PartnerLLP12024-04-012025-03-31OC378442ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31OC378442ns10:SmallEntities2024-04-012025-03-31OC378442ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31OC378442ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31OC378442ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31OC378442ns10:FullAccounts2024-04-012025-03-31OC37844212024-04-012025-03-31OC378442ns10:RegisteredOffice2024-04-012025-03-31OC378442ns5:CurrentFinancialInstruments2025-03-31OC378442ns5:CurrentFinancialInstruments2024-03-31OC378442ns5:NetGoodwill2024-04-012025-03-31OC378442ns5:PlantMachinery2024-04-012025-03-31OC378442ns5:NetGoodwill2024-03-31OC378442ns5:NetGoodwill2025-03-31OC378442ns5:NetGoodwill2024-03-31OC378442ns5:PlantMachinery2024-03-31OC378442ns5:PlantMachinery2025-03-31OC378442ns5:PlantMachinery2024-03-31OC378442ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31OC378442ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: OC378442 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Medical Investment & Advisory Services
LLP

Medical Investment & Advisory Services
LLP (Registered number: OC378442)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Medical Investment & Advisory Services
LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: Mrs E Rowland
A J Rowland
N T Rowland





REGISTERED OFFICE: First Floor
98 High Street
Godalming
Surrey
GU7 1DW





REGISTERED NUMBER: OC378442 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Medical Investment & Advisory Services
LLP (Registered number: OC378442)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 264,000 288,000
Tangible assets 5 1,429 621
265,429 288,621

CURRENT ASSETS
Debtors 6 1,948 33,204
Cash at bank 116,609 47,186
118,557 80,390
CREDITORS
Amounts falling due within one year 7 5,808 5,561
NET CURRENT ASSETS 112,749 74,829
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

378,178

363,450

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

378,178

363,450

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 378,178 363,450
Amounts due from members 6 - (7,365 )
378,178 356,085

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Medical Investment & Advisory Services
LLP (Registered number: OC378442)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 July 2025 and were signed by:





A J Rowland - Designated member

Medical Investment & Advisory Services
LLP (Registered number: OC378442)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Medical Investment & Advisory Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Goodwill
Due to the established nature of the client base Goodwill is amortised over a period of 20 years.

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 etc - 33% on cost, 10% on cost and in accordance with the property

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Medical Investment & Advisory Services
LLP (Registered number: OC378442)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances , are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 4 ) .

Medical Investment & Advisory Services
LLP (Registered number: OC378442)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 480,000
AMORTISATION
At 1 April 2024 192,000
Charge for year 24,000
At 31 March 2025 216,000
NET BOOK VALUE
At 31 March 2025 264,000
At 31 March 2024 288,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 87,421
Additions 1,174
At 31 March 2025 88,595
DEPRECIATION
At 1 April 2024 86,800
Charge for year 366
At 31 March 2025 87,166
NET BOOK VALUE
At 31 March 2025 1,429
At 31 March 2024 621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 1,948 33,204

Medical Investment & Advisory Services
LLP (Registered number: OC378442)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 3,044 3,281
Other creditors 2,764 2,280
5,808 5,561

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

There are no loans to members other than balances held in their capital accounts.