Registration number: 05585999

Hill Park Veterinary Group Limited

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 4

Hill Park Veterinary Group Limited

(Registration number: 05585999)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	39,120	85,516
Tangible assets	5	129,123	112,045
		168,243	197,561
Current assets
Stocks	6	36,000	32,000
Debtors		877,536	161,945
Cash at bank and in hand		121,526	862,308
		1,035,062	1,056,253
Creditors: Amounts falling due within one year		(263,051)	(413,663)
Net current assets		772,011	642,590
Total assets less current liabilities		940,254	840,151
Provisions for liabilities		(17,599)	(13,905)
Net assets		922,655	826,246
Capital and reserves
Called up share capital		1	1
Profit and loss account		922,654	826,245
Total equity		922,655	826,246

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 director acknowledges his 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 director on 26 September 2025
 

Mr M C Malone

Director

Hill Park Veterinary Group 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.

The address of its registered office is:
3 Lindfield Road
Harold Hill
Romford
Essex
RM3 9BJ

These financial statements were authorised for issue by the director on 26 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.

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 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
Office Equipment	20% Straight line
Fixtures and Fittings	20% Straight line
Motor Vehicles	20% Straight line
Plant and machinery	20% Straight line

Hill Park Veterinary Group Limited

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

Freehold property

2% Straight line

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	6% 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 the director) during the year, was 34 (2023 - 33).

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	773,295
At 31 December 2024	773,295
Amortisation
At 1 January 2024	687,777
Amortisation charge	46,398
At 31 December 2024	734,175
Carrying amount
At 31 December 2024	39,120
At 31 December 2023	85,516

Hill Park Veterinary Group Limited

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

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2024	355,635
Additions	54,620
Disposals	(239)
At 31 December 2024	410,016
Depreciation
At 1 January 2024	243,587
Charge for the year	37,401
Eliminated on disposal	(95)
At 31 December 2024	280,893
Carrying amount
At 31 December 2024	129,123
At 31 December 2023	112,045

6

Stocks

	2024 £	2023 £
Stock	36,000	32,000

7	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to directors £	Repayments by director £	At 31 December 2024 £
Mr M C Malone
Directors' advances and credits - repayable on demand and interest charged at HMRC's rate	102,026	90,059	(170,000)	22,085

2023	At 1 January 2023 £	Advances to directors £	Repayments by director £	At 31 December 2023 £
Mr M C Malone
Directors' advances and credits - repayable on demand and interest charged at HMRC's rate	58,838	989,152	(945,964)	102,026