MediPro Financial Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08957914 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MediPro Financial Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J Mackie

REGISTERED OFFICE:

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

08957914 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

2,465

570

CURRENT ASSETS

Debtors

5

29,204

10,500

Investments

6

18,845

Cash at bank

43,298

21,838

91,347

51,183

CREDITORS

Amounts falling due within one year

7

43,159

12,950

NET CURRENT ASSETS

48,188

38,233

TOTAL ASSETS LESS CURRENT
LIABILITIES

50,653

38,803

PROVISIONS FOR LIABILITIES

616

-

NET ASSETS

50,037

38,803

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

49,937

38,703

SHAREHOLDERS' FUNDS

50,037

38,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

Mr A J Mackie - Director

1.	STATUTORY INFORMATION

MediPro Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents fees or commission earned. The company recognises the income at the point at which the policy or investment is placed on risk or invested.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current asset investments

Artwork

Artwork acquired for capital appreciation purposes are recognised as current asset investments and initially recognised at cost including any transaction costs. Subsequently the asset is measured at fair value with any gains or losses arising going to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

2,240

2,347

4,587

Additions

450

2,373

2,823

At 31 December 2024

2,690

4,720

7,410

DEPRECIATION

At 1 January 2024

1,670

2,347

4,017

Charge for year

493

435

928

At 31 December 2024

2,163

2,782

4,945

NET BOOK VALUE

At 31 December 2024

527

1,938

2,465

At 31 December 2023

570

-

570

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

24,651

600

Directors' loan accounts

-

9,900

Prepayments

4,553

-

29,204

10,500

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

Artwork

18,845

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

9,988

3,900

Tax

30,369

9,050

Other creditors

2,802

-

43,159

12,950

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mr A J Mackie

Balance outstanding at start of year

9,900

-

Amounts advanced

-

9,900

Amounts repaid

(9,900

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9,900

9.	RELATED PARTY DISCLOSURES

During the year the company received interest free loans from associated companies. The companies are associated by the virtue of having a common director.

The closing balances reflected in creditors at the year end were £9,988

The loans are repayable upon demand.