Registration number: 08204766

North Park Veterinary Group Limited

Contents

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

North Park Veterinary Group Limited

(Registration number: 08204766)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	212,204	238,730
Tangible assets	5	753,434	750,616
Investments		250	250
		965,888	989,596
Current assets
Stocks	7	133,259	108,658
Debtors		297,614	409,004
Cash at bank and in hand		535,232	1,070,935
		966,105	1,588,597
Creditors: Amounts falling due within one year	8	(634,931)	(359,827)
Net current assets		331,174	1,228,770
Total assets less current liabilities		1,297,062	2,218,366
Creditors: Amounts falling due after more than one year	9	(116,921)	(123,137)
Provisions for liabilities		(70,668)	(72,742)
Net assets		1,109,473	2,022,487
Capital and reserves
Called up share capital		168	213
Capital redemption reserve		87	87
Profit and loss account		1,109,218	2,022,187
Total equity		1,109,473	2,022,487

North Park Veterinary Group Limited

(Registration number: 08204766)
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 30 September 2025 and signed on its behalf by:
 

Mrs B Herrod-Taylor

Director

Mr M Friggens

Director

Mr H N Webb

Director

Mr J A Hobbs

Director

North 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 and Wales.

The address of its registered office is:
64 Fore Street
North Tawton
Devon
EX20 2DT

These financial statements were authorised for issue by the Board on 30 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

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 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.

North Park Veterinary Group Limited

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

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
Land and buildings	2% and 10% straight line
Fixtures and fittings	15% reducing balance
Office equipment	33% straight line
Motor vehicles	25% reducing balance
Plant and machinery	15% reducing balance

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	5% straight line

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

North Park Veterinary Group 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	530,510
At 31 December 2024	530,510
Amortisation
At 1 January 2024	291,780
Amortisation charge	26,526
At 31 December 2024	318,306
Carrying amount
At 31 December 2024	212,204
At 31 December 2023	238,730

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2024	1,172,907
Additions	92,977
At 31 December 2024	1,265,884
Depreciation
At 1 January 2024	422,292
Charge for the year	90,158
At 31 December 2024	512,450
Carrying amount
At 31 December 2024	753,434
At 31 December 2023	750,616

North Park Veterinary Group Limited

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

6	Investments

	2024 £	2023 £
Investments in subsidiaries	250	250