Walton Park Dental Practice Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08854984 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Walton Park Dental Practice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr J Drewett

Mrs M Drewett

Dr H Drewett

REGISTERED OFFICE:

C/O City, Chartered Accountants

Suite 540, 5th Floor, Linen Hall

162-168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

08854984 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Intangible assets

4

769,209

Tangible assets

5

40,495

53,993

809,704

823,202

CURRENT ASSETS

Stocks

10,000

Debtors

6

11,628

34,080

Cash at bank and in hand

47,294

43,261

68,922

87,341

CREDITORS

Amounts falling due within one year

7

(142,477

)

(140,805

)

NET CURRENT LIABILITIES

(73,555

)

(53,464

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

736,149

769,738

CREDITORS

Amounts falling due after more than one
year

8

(10,384

)

(18,173

)

NET ASSETS

725,765

751,565

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

725,663

751,463

SHAREHOLDERS' FUNDS

725,765

751,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 20 August 2025 and were signed on its behalf by:

Dr J Drewett - Director

1.	STATUTORY INFORMATION

Walton Park Dental Practice 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is not being

amortised as the current value exceeds the written down amount in the accounts.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,032,279

AMORTISATION

At 1 April 2024

and 31 March 2025

263,070

NET BOOK VALUE

At 31 March 2025

769,209

At 31 March 2024

769,209

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

91,929

DEPRECIATION

At 1 April 2024

37,936

Charge for year

13,498

At 31 March 2025

51,434

NET BOOK VALUE

At 31 March 2025

40,495

At 31 March 2024

53,993

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

11,628

22,295

Other debtors

-

11,785

11,628

34,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

7,788

Trade creditors

5,099

2,100

Amounts owed to associates

1,901

25

Taxation and social security

116,950

95,732

Other creditors

10,739

35,160

142,477

140,805

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

10,384

18,173

9.	RELATED PARTY DISCLOSURES

At the year end, the Company owed Dr J Drewett & Mrs M Drewett £269 (2024: DR £11,785). During the year, total dividends of £184,000 (2024: £254,000) were paid to Dr J Drewett & Mrs M Drewett.

At the year end, the Company owed HPD Newpegs Limited £1,900 (2024: £25). During the year, total dividends of £170,000 (2024: £74,000) and total management services of £90,000 (2024: £31,000) were paid to HPD Newpegs Limited.

10.

CHARGES

On 11 September 2023, a debenture and cross guarantee was created in favour of Barclay's Security Trustee Limited and contains a fixed charge and floating charge over the assets of the Company. This charge remained outstanding at the year end.