THE GUILDHALL PRACTICE LIMITED


Director	LEASK, Andrew William


Registered Address	83 Blackwood Road Streetly
	Sutton Coldfield
	B74 3PW


Registered Number	06923668 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		79,141		97,496
			79,141		97,496
Current assets
Stocks		-		57,081
Debtors	4	553,972		660,885
Cash at bank and on hand		19,116		70,084
		573,088		788,050
Creditors amounts falling due within one year	5	(26,245)		(37,613)
Net current assets (liabilities)			546,843		750,437
Total assets less current liabilities			625,984		847,933
Creditors amounts falling due after one year	6		(5,005)		(14,171)
Provisions for liabilities	8		(12,938)		(13,205)
Net assets			608,041		820,557
Capital and reserves
Called up share capital			102		102
Profit and loss account			607,939		820,455
Shareholders' funds			608,041		820,557

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

LEASK, Andrew William
Director
Registered Company No. 06923668

THE GUILDHALL PRACTICE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods

	Turnover policy
	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 sale of goods and from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter.


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	25	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	30,432	92,203	29,585	9,020	161,240
At 31 December 24	30,432	92,203	29,585	9,020	161,240
Depreciation and impairment
At 01 January 24	2,435	47,542	9,389	4,378	63,744
Charge for year	609	11,165	5,049	1,532	18,355
At 31 December 24	3,044	58,707	14,438	5,910	82,099
Net book value
At 31 December 24	27,388	33,496	15,147	3,110	79,141
At 31 December 23	27,997	44,661	20,196	4,642	97,496

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	560
Amounts owed by associates and joint ventures / participating interests	548,815	558,391
Other debtors	5,157	101,934
Total	553,972	660,885

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	10,000	10,000
Taxation and social security	3,015	1,341
Accrued liabilities and deferred income	13,230	26,272
Total	26,245	37,613

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	5,005	14,171
Total	5,005	14,171

7.	Obligations under finance leases

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	12,938	13,205
Total	12,938	13,205

9.	Related party transactions
	At the Balance Sheet date an amount of £506,789 (2023 - £557,749) was owed to the company from AWL Asset & Investment Ltd; £19,516 (2023 - £642) was owed to the company by The Birmingham Clinic and £22,855 (2023 - £nil) was owed to the company by Shrubbery House Property Management Ltd, all companies in which the Director is also a shareholder and Director.