REGISTERED NUMBER: 14214690 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Define Clinic Fitzrovia Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Dhillon

E Billette

REGISTERED OFFICE:

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

REGISTERED NUMBER:

14214690 (England and Wales)

ACCOUNTANTS:

Verinder Powell Associates Ltd

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Tangible assets

4

584,278

697,735

CURRENT ASSETS

Debtors

5

322,421

284,854

Cash at bank

-

27,078

322,421

311,932

CREDITORS

Amounts falling due within one year

6

1,370,408

748,801

NET CURRENT LIABILITIES

(1,047,987

)

(436,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(463,709

)

260,866

CREDITORS

Amounts falling due after more than one year

7

193,495

707,827

NET LIABILITIES

(657,204

)

(446,961

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(657,214

)

(446,971

)

(657,204

)

(446,961

)

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 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.

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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

E Billette - Director

1.	STATUTORY INFORMATION

Define Clinic Fitzrovia Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:

- the amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity;

- and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Leasehold improvements

- 10% on cost

Plant and machinery

- 20% on cost

Fixtures and fittings

- 20% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future due to support from the directors and other related parties. The financial statements have therefore been prepared on a going concern basis.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

496,643

270,109

7,934

774,686

Additions

2,904

-

1,187

4,091

Disposals

-

(17,885

)

-

(17,885

)

At 31 December 2024

499,547

252,224

9,121

760,892

DEPRECIATION

At 1 January 2024

37,248

38,435

1,268

76,951

Charge for year

49,810

54,022

1,626

105,458

Eliminated on disposal

-

(5,795

)

-

(5,795

)

At 31 December 2024

87,058

86,662

2,894

176,614

NET BOOK VALUE

At 31 December 2024

412,489

165,562

6,227

584,278

At 31 December 2023

459,395

231,674

6,666

697,735

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

575

Amounts owed by group undertakings

169,321

169,922

Other debtors

153,100

114,357

322,421

284,854

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

2,554

-

Hire purchase contracts

248,435

187,069

Trade creditors

74,480

34,755

Taxation and social security

60

2,083

Other creditors

1,044,879

524,894

1,370,408

748,801

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

193,495

482,442

Other creditors

-

225,385

193,495

707,827

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

-

317,128

Hire purchase contracts

441,930

669,511

441,930

986,639

The other loans are guaranteed by the directors and other related parties.

Hire purchase contracts are secured over the assets to which they relate.

9.	PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £98 (2023 - £349) were payable to the fund at the reporting date.

10.	OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £689,000 (2023 - £767,000)

11.	RELATED PARTY DISCLOSURES

Loans from related parties

Key management

Other related parties

Total

2024

£

£

£

At start of period

35,000

191,822

226,822

Advanced

117,000

147,017

264,017

Repaid

(152,000

)

(338,839

)

(490,839

)

At end of period

-

-

-

Key management

Other related parties

Total

2023

£

£

£

At start of the period

-

-

-

Advanced

35,000

191,822

226,822

Repaid

-

-

-

At end of period

35,000

191,822

226,822

Loans from key management are interest free and repayable on demand.

Loans from other related parties are interest free and repayable on demand.