Company registration number 07208567 (England and Wales)
MERMAID DENTAL CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MERMAID DENTAL CARE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
MERMAID DENTAL CARE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
225,112
217,342
Current assets
Stocks
5,422
5,422
Debtors
5
99,918
363,177
Cash at bank and in hand
178,205
61,267
283,545
429,866
Creditors: amounts falling due within one year
6
(334,112)
(595,180)
Net current liabilities
(50,567)
(165,314)
Total assets less current liabilities
174,545
52,028
Creditors: amounts falling due after more than one year
7
(8,950)
-
Provisions for liabilities
(54,404)
(51,928)
Net assets
111,191
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
111,091
-
0
Total equity
111,191
100
MERMAID DENTAL CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 October 2025 and are signed on its behalf by:
Mr M Patel
Director
Company registration number 07208567 (England and Wales)
MERMAID DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Mermaid Dental Care Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7-9 The Avenue, Eastbourne, East Sussex, BN21 3YA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for dental services and counter sales. The company is not registered for VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue derived from all private dental work is recognised based upon the stage of completion reached during the course of treatment.

Revenue derived from all NHS dental work is recognised based upon the volume of dental activity delivered in the financial year. In accordance with the company’s NHS contract, where there is under-delivery against its target activity levels there will be potential clawback by the NHS and a creditor is recognised for this.

1.3
Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual instalment s over its estimated useful economic life of 1 0 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over remaining length of lease
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
IT equipment
20% straight line
Motor vehicles
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MERMAID DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

MERMAID DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any material unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MERMAID DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 15 (2024 - 13).

2025
2024
Number
Number
Total
15
13
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,009,274
Amortisation and impairment
At 1 April 2024 and 31 March 2025
1,009,274
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
MERMAID DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
10,891
386,004
396,895
Additions
-
0
67,162
67,162
Disposals
-
0
(3,440)
(3,440)
At 31 March 2025
10,891
449,726
460,617
Depreciation and impairment
At 1 April 2024
1,261
178,292
179,554
Depreciation charged in the year
2,132
57,104
59,236
Eliminated in respect of disposals
-
0
(3,285)
(3,285)
At 31 March 2025
3,393
232,112
235,505
Carrying amount
At 31 March 2025
7,498
217,614
225,112
At 31 March 2024
9,630
207,712
217,342
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
81,580
3,087
Amounts owed by group undertakings
-
0
341,930
Other debtors
18,338
18,160
99,918
363,177
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
157,660
91,177
Corporation tax
44,179
-
0
Other taxation and social security
6,318
160
Other creditors
125,955
503,843
334,112
595,180
MERMAID DENTAL CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Creditors: amounts falling due within one year
(Continued)
- 8 -

There is a fixed and floating charge over all property or undertaking of the company.

There is also a fixed charge over the property known as Ground and First Floor s of Campbell House, Croft Road, East Sussex, TN6 1DR.

There is also a fixed charge over the property known as Mermaid Dental Care, 17 High Street, Lewes, BN7 2LN.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
8,950
-
0

There is a fixed and floating charge over all property or undertaking of the company.

There is also a fixed charge over the property known as Ground and First Floor s of Campbell House, Croft Road, East Sussex, TN6 1DR.

There is also a fixed charge over the property known as Mermaid Dental Care, 17 High Street, Lewes, BN7 2LN.

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
570,000
167,000
9
Parent company

The parent company of Mermaid Dental Care Limited is Simply Bright Healthcare Limited and its registered office is at 7-9 The Avenue, Eastbourne, East Sussex, BN21 3YA.

2025-03-31 2024-04-01 false false false 14 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M Patel Mrs K Patel 07208567 2024-04-01 2025-03-31 07208567 2025-03-31 07208567 2024-03-31 07208567 core:LandBuildings 2025-03-31 07208567 core:OtherPropertyPlantEquipment 2025-03-31 07208567 core:LandBuildings 2024-03-31 07208567 core:OtherPropertyPlantEquipment 2024-03-31 07208567 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07208567 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07208567 core:ShareCapital 2025-03-31 07208567 core:ShareCapital 2024-03-31 07208567 core:RetainedEarningsAccumulatedLosses 2025-03-31 07208567 core:RetainedEarningsAccumulatedLosses 2024-03-31 07208567 bus:Director1 2024-04-01 2025-03-31 07208567 core:Goodwill 2024-04-01 2025-03-31 07208567 core:LeaseholdImprovements 2024-04-01 2025-03-31 07208567 core:PlantMachinery 2024-04-01 2025-03-31 07208567 core:FurnitureFittings 2024-04-01 2025-03-31 07208567 core:ComputerEquipment 2024-04-01 2025-03-31 07208567 core:MotorVehicles 2024-04-01 2025-03-31 07208567 2023-04-01 2024-03-31 07208567 core:NetGoodwill 2024-03-31 07208567 core:NetGoodwill 2025-03-31 07208567 core:NetGoodwill 2024-03-31 07208567 core:LandBuildings 2024-03-31 07208567 core:OtherPropertyPlantEquipment 2024-03-31 07208567 2024-03-31 07208567 core:LandBuildings 2024-04-01 2025-03-31 07208567 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 07208567 core:CurrentFinancialInstruments 2025-03-31 07208567 core:CurrentFinancialInstruments 2024-03-31 07208567 core:WithinOneYear 2025-03-31 07208567 core:WithinOneYear 2024-03-31 07208567 core:Non-currentFinancialInstruments 2025-03-31 07208567 core:Non-currentFinancialInstruments 2024-03-31 07208567 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07208567 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07208567 bus:FRS102 2024-04-01 2025-03-31 07208567 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07208567 bus:Director2 2024-04-01 2025-03-31 07208567 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP