Hollybank Veterinary Centre Limited 06586878 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true false 06586878 2024-04-01 2025-03-31 06586878 2025-03-31 06586878 core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 06586878 core:CurrentFinancialInstruments 2025-03-31 06586878 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06586878 core:Non-currentFinancialInstruments 2025-03-31 06586878 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06586878 core:FurnitureFittingsToolsEquipment 2025-03-31 06586878 core:LandBuildings 2025-03-31 06586878 core:MotorVehicles 2025-03-31 06586878 core:OtherPropertyPlantEquipment 2025-03-31 06586878 1 2025-03-31 06586878 bus:SmallEntities 2024-04-01 2025-03-31 06586878 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06586878 bus:FilletedAccounts 2024-04-01 2025-03-31 06586878 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06586878 bus:RegisteredOffice 2024-04-01 2025-03-31 06586878 bus:Director1 2024-04-01 2025-03-31 06586878 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06586878 core:ComputerEquipment 2024-04-01 2025-03-31 06586878 core:FurnitureFittings 2024-04-01 2025-03-31 06586878 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 06586878 core:LandBuildings 2024-04-01 2025-03-31 06586878 core:MotorVehicles 2024-04-01 2025-03-31 06586878 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 06586878 core:PlantMachinery 2024-04-01 2025-03-31 06586878 core:AllSubsidiaries 2024-04-01 2025-03-31 06586878 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-01 2025-03-31 06586878 core:Subsidiary1 2024-04-01 2025-03-31 06586878 core:Subsidiary1 1 2024-04-01 2025-03-31 06586878 countries:EnglandWales 2024-04-01 2025-03-31 06586878 1 2024-04-01 2025-03-31 06586878 2024-03-31 06586878 core:FurnitureFittingsToolsEquipment 2024-03-31 06586878 core:LandBuildings 2024-03-31 06586878 core:MotorVehicles 2024-03-31 06586878 core:OtherPropertyPlantEquipment 2024-03-31 06586878 1 2024-03-31 06586878 2023-04-01 2024-03-31 06586878 2024-03-31 06586878 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06586878 core:CurrentFinancialInstruments 2024-03-31 06586878 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06586878 core:Non-currentFinancialInstruments 2024-03-31 06586878 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06586878 core:CostValuation 2024-03-31 06586878 core:FurnitureFittingsToolsEquipment 2024-03-31 06586878 core:LandBuildings 2024-03-31 06586878 core:MotorVehicles 2024-03-31 06586878 core:OtherPropertyPlantEquipment 2024-03-31 06586878 1 2024-03-31 06586878 core:Subsidiary1 1 2023-04-01 2024-03-31 06586878 1 2023-04-01 2024-03-31 06586878 1 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06586878

Prepared for the registrar
Hollybank Veterinary Centre Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Hollybank Veterinary Centre Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 10

Hollybank Veterinary Centre Limited

Company Information

Director | R Hewitt

Registered office | 584 Chester Road Sandiway Cheshire CW8 2DX

Accountants | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Hollybank Veterinary Centre Limited

(Registration number: 06586878)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 348,918 | 522,258
Investments | 5 | 1 | 1
|  | 348,919 | 522,259
Current assets |  |  |
Stocks |  | 28,756 | 43,190
Debtors | 6 | 347,585 | 339,946
Cash at bank and in hand |  | 233,095 | 57,103
|  | 609,436 | 440,239
Creditors: Amounts falling due within one year | 7 | (334,416) | (295,241)
Net current assets |  | 275,020 | 144,998
Total assets less current liabilities |  | 623,939 | 667,257
Creditors: Amounts falling due after more than one year | 7 | (51,646) | (116,898)
Deferred tax liabilities | 8 | (17,499) | (21,413)
Net assets |  | 554,794 | 528,946
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained earnings |  | 554,694 | 528,846
Shareholders' funds |  | 554,794 | 528,946

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

Director's responsibilities:

• | 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 November 2025

R Hewitt
Director

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 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:
584 Chester Road
Sandiway
Cheshire
CW8 2DX

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

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 and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 income 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 income 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.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Plant and machinery | 20% of written down value
Fixtures and fittings | 20% of written down value
Compluter equipment | 20% of written down value
Motor vehicles | 20% of written down value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 36 (2024 - 33).

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Computer equipment £ | Motor vehicles £ | Total £
Cost
At 1 April 2024 | 422,215 | 279,157 | 35,401 | 15,360 | 752,133
Additions | - | 2,340 | 1,417 | - | 3,757
Disposals | (156,778) | - | - | - | (156,778)
At 31 March 2025 | 265,437 | 281,497 | 36,818 | 15,360 | 599,112
Depreciation
At 1 April 2024 | - | 195,640 | 22,297 | 11,938 | 229,875
Charge for the year | - | 16,833 | 2,802 | 684 | 20,319
At 31 March 2025 | - | 212,473 | 25,099 | 12,622 | 250,194
Carrying amount
At 31 March 2025 | 265,437 | 69,024 | 11,719 | 2,738 | 348,918
At 31 March 2024 | 422,215 | 83,517 | 13,104 | 3,422 | 522,258

Included within the net book value of land and buildings above is £265,437 (2024 - £422,215) in respect of freehold land and buildings.

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost
At 1 April 2024 | 1
Carrying amount
At 31 March 2025 | 1
At 31 March 2024 | 1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Winnington Veterinary Centre Ltd | 584 Chester Road, Sandiway, Northwich, Cheshire, CW8 2DX | Ordinary £1 | 100% | 100%

The principal activity of Winnington Veterinary Centre Limited is the provision of veterinary services.
The profit/(loss) after tax for the financial period for Winnington Veterinary Centre Ltd was £43,207, (2024: (£11,197)) and the aggregate amount of capital and reserves at the end of the period was £158,759 (2024: £115,552).

| 6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 12,112 | 30,574
Receivables from related parties | 310,659 | 292,424
Prepayments | 14,373 | 11,996
Other debtors | 10,441 | 4,952
| 347,585 | 339,946

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 112,292 | 111,240
Trade creditors |  | 54,817 | 45,501
Taxation and social security |  | 150,033 | 126,840
Accruals and deferred income |  | 10,389 | 10,034
Other creditors |  | 6,885 | 1,626
|  | 334,416 | 295,241

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 51,646 | 116,898

| 8 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between accumulated depreciation and amortisation and capital allowances | 17,499
| 17,499

2024 | Liability £
Difference between accumulated depreciation and amortisation and capital allowances | 21,413
| 21,413

| 9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 112,292 | 110,367
Other borrowings | - | 873
| 112,292 | 111,240

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 51,646 | 116,898

Hollybank Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £1 each | 50 | 50 | 50 | 50
Ordinary B of £1 each | 50 | 50 | 50 | 50
| 100 | 100 | 100 | 100

The different classes of shares referred to above carry separate rights to dividends, but in all other significant respects, rank pari passu.

| 11 | Related party transactions

Summary of transactions with key management

Key management personnel are considered to be the directors of the company.
As at the balance sheet date, R & H Hewitt owed the company £5,621 (2024 the company owed:£874 ). This amount is included within other debtors (2024: included within other borrowings). There are no fixed repayment terms and no interest is charged.
The movement on the loan account can be analysed as follows:

Transactions with the director

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
Directors Loan Account | 874 | (139,495) | 133,000 | (5,621)

2024 | At 1 April 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2024 £
Directors Loan Account | 120 | (147,246) | 148,000 | 874

Summary of transactions with subsidiaries

Winnington Veterinary Centre Limited
(Wholly owned subsidiary)
During the year, the company received management fees of £280,000 (2024: £261,000) from Winnington Veterinary Centre Limited. At the balance sheet date the amount due from Winnington Veterinary Centre Ltd was £310,660 (2024: £292,425).