Registration number: 08241282

Aldgate Veterinary Practice Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Aldgate Veterinary Practice Limited

(Registration number: 08241282)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	220,000	247,500
Tangible assets	5	2,204,383	2,340,641
		2,424,383	2,588,141
Current assets
Stocks		121,371	95,454
Debtors		267,662	264,825
Cash at bank and in hand		148,609	296,472
		537,642	656,751
Creditors: Amounts falling due within one year	6	(663,029)	(692,647)
Net current liabilities		(125,387)	(35,896)
Total assets less current liabilities		2,298,996	2,552,245
Creditors: Amounts falling due after more than one year	7	(824,575)	(1,144,634)
Provisions for liabilities		(343,049)	(274,301)
Net assets		1,131,372	1,133,310
Capital and reserves
Called up share capital		306,428	306,428
Share premium reserve		96,608	96,608
Capital redemption reserve		157,750	157,750
Profit and loss account		570,586	572,524
Total equity		1,131,372	1,133,310

Aldgate Veterinary Practice Limited

(Registration number: 08241282)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 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 16 September 2025 and signed on its behalf by:
 

Mr G Moore

Director

Ms L Butler

Director

Aldgate Veterinary Practice Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St John's Place
Driffield
East Yorkshire
YO25 6QD

These financial statements were authorised for issue by the Board on 16 September 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have agreed to continue to support the company for at least a period of 12 months after signing the accounts.

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 income 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.

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
Plant and machinery	20% Reducing Balance
Motor vehicles	25% Reducing Balance
Freehold land and buildings	2% Straight Line

Aldgate Veterinary Practice Limited

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

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	5% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 96 (2023 - 81).

Aldgate Veterinary Practice Limited

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

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	550,000
At 31 December 2024	550,000
Amortisation
At 1 January 2024	302,500
Amortisation charge	27,500
At 31 December 2024	330,000
Carrying amount
At 31 December 2024	220,000
At 31 December 2023	247,500

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2024	2,788,683
Additions	119,539
At 31 December 2024	2,908,222
Depreciation
At 1 January 2024	448,042
Charge for the year	255,797
At 31 December 2024	703,839
Carrying amount
At 31 December 2024	2,204,383
At 31 December 2023	2,340,641

Included within the net book value of land and buildings above is £1,727,479 (2023 - £1,806,038) in respect of freehold land and buildings.
 

6	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £176,100 (2023 - £207,200).

7	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,144,635 (2022 - £1,374,666).

Aldgate Veterinary Practice Limited

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

8	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 £110,308 (2023 - £200,832). Leases are secured against the assets to which they relate.

9	Related party transactions

Key management personnel

Key management personnel are considered to be the directors of the company.

At the year end, the amount owed to Aldgate Holding Limited, was £149,126 (2023: £Nil). The loan is repayable on demand.

Summary of transactions with other related parties

At the year end, the amount owed to Aldgate Holding Limited, was £23,328 (2023: £Nil). The loan is repayable on demand.