| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 25 AUGUST 2023 TO 31 AUGUST 2024 |
| FOR |
| CHURCH LANE SURGERY LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 25 AUGUST 2023 TO 31 AUGUST 2024 |
| FOR |
| CHURCH LANE SURGERY LIMITED |
| CHURCH LANE SURGERY LIMITED (REGISTERED NUMBER: 15096093) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 25 August 2023 to 31 August 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CHURCH LANE SURGERY LIMITED |
| COMPANY INFORMATION |
| for the Period 25 August 2023 to 31 August 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 London Mews |
| Paddington |
| LONDON |
| W2 1HY |
| CHURCH LANE SURGERY LIMITED (REGISTERED NUMBER: 15096093) |
| BALANCE SHEET |
| 31 August 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| CHURCH LANE SURGERY LIMITED (REGISTERED NUMBER: 15096093) |
| BALANCE SHEET - continued |
| 31 August 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CHURCH LANE SURGERY LIMITED (REGISTERED NUMBER: 15096093) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 25 August 2023 to 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| Church Lane Surgery Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investment property |
| In accordance with FRS102, Section 1A, the company's investment property is included in the balance sheet at fair value. The investment property is initially recognised at cost and subsequently measured at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors, other creditors and loans. |
| The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost. |
| Operating income |
| Operating income is measured as the fair value of the consideration received or receivable, excluding discounts and rebates. Operating income is in respect of rental income and is recognised on a straight line basis over the term of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| The investment property was purchased in close proximity to the year end. The Directors are therefore of the opinion the fair value of the property is in line with the initial cost recognised. There is therefore no valuation adjustments arising in the current period. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| CHURCH LANE SURGERY LIMITED (REGISTERED NUMBER: 15096093) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 25 August 2023 to 31 August 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| The bank loan with Barclays is secured on the company's investment property and its assets. |
| 9. | RELATED PARTY DISCLOSURES |
| During the period the Directors loaned the company £198,197 and this amount is owed to the Directors as at 31 August 2024. No interest is being charged on this loan and the loan is repayable on demand. The balance is included in other creditors. |
| During the period rent of £10,356 was charged to a partnership in which the Directors are also partners. The partnership also made payments of £5,553 on behalf of the company and this amount is owed by the company as at 31 August 2024. This is included within other creditors. |
| 10. | LENGTH OF ACCOUNTING PERIOD |
| The company was incorporated on 25 August 2023. These are the first financial statements prepared for the company and are therefore for a period of 12 months and 7 days. |