Dorset Heart Clinic LLP

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC414702

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		23,452		8,826

			23,452		8,826
CURRENT ASSETS
Debtors	4	642,792		436,363
Cash at bank and in hand		635,917		973,807

		1,278,709		1,410,170
Creditors: Amounts Falling Due Within One Year	5	(425,875 )		(876,749 )

NET CURRENT ASSETS (LIABILITIES)			852,834		533,421

TOTAL ASSETS LESS CURRENT LIABILITIES			876,286		542,247

NET ASSETS ATTRIBUTABLE TO MEMBERS			876,286		542,247

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		876,286		542,247

			876,286		542,247

			876,286		542,247

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			876,286		542,247

			876,286		542,247

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Dorset Heart Clinic LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Regent's Park Heart Clinics Ltd

Designated Member

5 August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 years straight line
Fixtures & Fittings	7 years straught line

1.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.5. Members' Participating Interests

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

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example member's capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

2. Average Number of Employees

Average number of employees, including partners, during the year was: NIL (2024: NIL)

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Dorset Heart Clinic LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	22,867	-	22,867
Additions	2,679	19,908	22,587

As at 31 March 2025	25,546	19,908	45,454

Depreciation
As at 1 April 2024	14,041	-	14,041
Provided during the period	5,117	2,844	7,961

As at 31 March 2025	19,158	2,844	22,002

Net Book Value
As at 31 March 2025	6,388	17,064	23,452

As at 1 April 2024	8,826	-	8,826

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	639,301	434,798
Prepayments and accrued income	3,491	1,565

	642,792	436,363

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	117,307	689,781
Accruals and deferred income	269,397	154,986
Amounts owed to group undertakings	39,171	31,982

	425,875	876,749

6. Related Party Transactions

Regent's Park Cardiovascular Solutions Limited

During the year purchases of £7,837 (2024: £6,138) were made from Regent's Park Cardiovascular Solutions Limited, a subsidiary company of the Regents Park Healthcare Group Limited that is under common control. As at 31 March 2025 there was an outstanding creditor balance of £1,443 (2024: £Nil).

Regent's Park Heart Clinics Limited

During the year purchases of £504,784 (2024: £463,653) were made from Regent's Park Heart Clinics Limited, who was a member of the LLP. As at 31 March 2025 there was an outstanding creditor balance of £37,728 (2024: £31,982).

University Hospitals Dorset NHS Foundation Trust

During the year purchases of £969,823 (2024: £630,781) were made from University Hospitals Dorset NHS Foundation Trust, who was a member of the LLP. As at 31 March 2025 there was an outstanding creditor balance of £Nil (2024: £278,758) as well as accrued expenses of £248,100 (2024: £151,291).

7. General Information

Dorset Heart Clinic LLP is a limited liability partnership, incorporated in England & Wales, registered number OC414702 . The Registered Office is Dorset Heart Clinic, The Royal Bournemouth Hospital, Castle Lane East, Bournemouth, Dorset, BH7 7DW.

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