REGISTERED NUMBER: 07184270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 FEBRUARY 2024 TO 30 APRIL 2025

FOR

KINGSBURY PRACTICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P T Borchert

S J Borchert

REGISTERED OFFICE:

St Edith's

Kingsbury Square

Wilton

Salisbury

SP2 0BA

REGISTERED NUMBER:

07184270 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,000

16,615

14,000

16,615

CURRENT ASSETS

Debtors

6

74,528

71,847

Cash at bank and in hand

353,657

464,891

428,185

536,738

CREDITORS

Amounts falling due within one year

7

121,021

125,129

NET CURRENT ASSETS

307,164

411,609

TOTAL ASSETS LESS CURRENT LIABILITIES

321,164

428,224

PROVISIONS FOR LIABILITIES

2,971

3,489

NET ASSETS

318,193

424,735

CAPITAL AND RESERVES

Called up share capital

9

750

750

Retained earnings

317,443

423,985

318,193

424,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

P T Borchert - Director

S J Borchert - Director

1.	STATUTORY INFORMATION

Kingsbury 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred

income where applicable. Turnover is recognised when the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised

evenly over its estimated useful life of ten years.

Tangible fixed assets

All fixed assets are initially recorded at cost.

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

life.

Plant and equipment - 15% on reducing balance

Computer equipment - 25% on reducing balance

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each

reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits

The company contributes to the individual defined contribution pension scheme of employees. Contributions are charged to profit or loss in the period to which they relate.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Operating lease commitments

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a

straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 29 February 2024

and 30 April 2025

400,000

AMORTISATION

At 29 February 2024

and 30 April 2025

400,000

NET BOOK VALUE

At 30 April 2025

-

At 28 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

equipment

equipment

Totals

£

£

£

COST

At 29 February 2024

30,638

14,161

44,799

Additions

1,875

1,082

2,957

At 30 April 2025

32,513

15,243

47,756

DEPRECIATION

At 29 February 2024

21,449

6,735

28,184

Charge for period

1,939

3,633

5,572

At 30 April 2025

23,388

10,368

33,756

NET BOOK VALUE

At 30 April 2025

9,125

4,875

14,000

At 28 February 2024

9,189

7,426

16,615

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,697

-

Other debtors

58,831

71,847

74,528

71,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,897

5,701

Taxation and social security

103,789

112,572

Other creditors

6,335

6,856

121,021

125,129

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

20,500

20,500

Between one and five years

64,917

82,000

In more than five years

-

6,833

85,417

109,333

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

337

A Ordinary

£1

337

337

337

B Ordinary

£1

337

337

38

C Ordinary

£1

38

76

38

D Ordinary

£1

38

-

750

750

During the year, 38 C Ordinary £1 shares were re-designated as D Ordinary £1 shares.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2025 and the year ended 28 February 2024:

2025

2024

£

£

P T Borchert and S J Borchert

Balance outstanding at start of period

17,713

-

Amounts advanced

-

17,713

Amounts repaid

(17,713

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

17,713

The above balance was repaid in May 2024.

11.	RELATED PARTY DISCLOSURES

Creditors due within one year include £121 (2024: £Nil) which is owed to the directors of the company.

12.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

On 22 November 2024, the company became a wholly-owned subsidiary of Classic Acquisitions Limited, a company incorporated in England. The ultimate controlling parties are P T Borchert and S J Borchert.