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Registration number: 05382269

Hawthorn Veterinary Practice Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Hawthorn Veterinary Practice Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Hawthorn Veterinary Practice Limited

(Registration number: 05382269)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

-

15,025

Tangible assets

5

318,601

348,435

 

318,601

363,460

Current assets

 

Stocks

66,020

74,135

Debtors

52,141

41,436

Cash at bank and in hand

 

379,644

377,129

 

497,805

492,700

Creditors: Amounts falling due within one year

(370,729)

(361,434)

Net current assets

 

127,076

131,266

Total assets less current liabilities

 

445,677

494,726

Creditors: Amounts falling due after more than one year

(107,215)

(135,037)

Provisions for liabilities

(54,049)

(59,686)

Net assets

 

284,413

300,003

Capital and reserves

 

Called up share capital

160

160

Profit and loss account

284,253

299,843

Total equity

 

284,413

300,003

 

Hawthorn Veterinary Practice Limited

(Registration number: 05382269)
Abridged Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

Mr J C C Underwood

Director

Mrs A R Underwood

Director

 

Hawthorn Veterinary Practice Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 26 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Hawthorn Veterinary Practice Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

Over term of the lease

Plant and machinery

15% reducing balance

Land and buildings

2% straight line

Motor vehicles

25% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20 years straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2024 - 31).

 

Hawthorn Veterinary Practice Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2024

300,500

At 31 March 2025

300,500

Amortisation

At 1 April 2024

285,475

Amortisation charge

15,025

At 31 March 2025

300,500

Carrying amount

At 31 March 2025

-

At 31 March 2024

15,025

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2024

784,121

Additions

12,231

At 31 March 2025

796,352

Depreciation

At 1 April 2024

435,684

Charge for the year

42,067

At 31 March 2025

477,751

Carrying amount

At 31 March 2025

318,601

At 31 March 2024

348,435

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £416,413 (2024 - £322,433).

7

Parent and ultimate parent undertaking

The ultimate controlling party is Mr J & Mrs A Underwood.