Access Fertility Building Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11223503 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Access Fertility Building Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C Miller

R N Quijano

REGISTERED OFFICE:

Carlton House

5 High Street

Higham Ferrers

Rushden

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

11223503 (England and Wales)

AUDITORS:

Willsons (Higham Ferrers) Ltd

Chartered Accountants

Statutory Auditors

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

4

-

2,090,100

CURRENT ASSETS

Debtors

5

-

378

Cash at bank

102

100

102

478

CREDITORS

Amounts falling due within one year

6

-

2,054,079

NET CURRENT ASSETS/(LIABILITIES)

102

(2,053,601

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

102

36,499

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

101

36,498

102

36,499

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 30 September 2025 and were signed on its behalf by:

A C Miller - Director

1.	STATUTORY INFORMATION

Access Fertility Building 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.

Critical accounting judgements & key sources of estimation uncertainty

The preparation of the company's financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of asset or liability affected in future periods.

Going concern

The main factor that will affect the company is also set out in Cessation of Trading.

The company has sold its freehold property asset in July 2024 and has now ceased receiving rental income after this date. This was the company's only trading activity.

The directors have not made a final decision on the purpose of the company after the freehold disposal but it is solvent, and will likely remain dormant for the foreseeable future.

Based on the above circumstances the directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.

The only adjustment required in the accounts has been the write off of any remaining inter-group loan balances, no other adjustment has been made in these accounts as the directors consider there would be no difference between the valuation on a going concern basis and valuation on a basis other than going concern or on liquidation.

Useful lives of depreciable assets

The annual depreciation charges depend primarily on the estimated lives of each type of asset and also, in the case of land and buildings, the estimation of the non-depreciated land element. The directors annually review these cost allocations and asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition of the assets concerned. Changes in cost allocation and asset lives can have significant impact on depreciation charges for the financial year. The useful economic lives and carrying amount for each class of asset are disclosed in the accounting policy notes.

Turnover

Turnover represents the total invoice value, excluding value added tax, of rents received during the period.

Tangible fixed assets

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

Freehold property

-

2% on cost on building

Improvements to property

-

2% on cost

Fixtures and fittings

-

Straight line over 3 years

Office equipment

-

Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Debtors and creditors within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Office

property

fittings

equipment

Totals

£

COST

At 1 January 2024

2,028,181

227,069

8,961

4,051

2,268,262

Disposals

(2,028,181

)

(227,069

)

(8,961

)

(4,051

)

(2,268,262

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

142,818

22,332

8,961

4,051

178,162

Charge for year

14,281

2,272

-

16,553

Eliminated on disposal

(157,099

)

(24,604

)

(8,961

)

(4,051

)

(194,715

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,885,363

204,737

-

2,090,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Prepayments

-

378

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

-

2,051,919

Accrued expenses

-

2,160

-

2,054,079

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to the Going Concern Note in the financial statements which explains that the company has ceased trading and therefore the directors' do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in the Note.

Our opinion is not modified in respect of this matter.

Craig Baird FCA (Senior Statutory Auditor)

for and on behalf of Willsons (Higham Ferrers) Ltd

8.	ULTIMATE PARENT COMPANY

Access Fertility Topco Limited is regarded by the directors as being the company's ultimate parent company.

Access Fertility Topco Limited Group prepares consolidated financial statements and are publicly available at Companies House.