REGISTERED NUMBER: 04885058 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Practice at Ferndown Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G.O. Fridd

Mrs. L.M. Fridd

SECRETARY:

Mrs. L.M. Fridd

REGISTERED OFFICE:

278 Ringwood Road

Ferndown

Dorset

BH22 9AS

REGISTERED NUMBER:

04885058 (England and Wales)

ACCOUNTANTS:

RWB Tax Consultants Limited

G8 Lynch Lane Offices

79 Lynch Lane

Weymouth

Dorset

DT4 9DN

FIXED ASSETS

Intangible assets

4

2,370

2,830

Tangible assets

5

59,225

48,857

61,595

51,687

CURRENT ASSETS

Stocks

80

80

Debtors

6

18,704

20,514

Cash at bank

53,288

61,693

72,072

82,287

CREDITORS

Amounts falling due within one year

7

24,621

26,198

NET CURRENT ASSETS

47,451

56,089

TOTAL ASSETS LESS CURRENT LIABILITIES

109,046

107,776

PROVISIONS FOR LIABILITIES

2,005

2,364

NET ASSETS

107,041

105,412

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

106,941

105,312

SHAREHOLDERS' FUNDS

107,041

105,412

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 9 December 2025 and were signed on its behalf by:

Mrs. L.M. Fridd - Director

G.O. Fridd - Director

1.	STATUTORY INFORMATION

The Practice at Ferndown 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 2008, is being amortised evenly over its estimated useful life of twenty years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

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.

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 6 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

8,000

1,890

9,890

AMORTISATION

At 1 April 2024

6,400

660

7,060

Amortisation for year

400

60

460

At 31 March 2025

6,800

720

7,520

NET BOOK VALUE

At 31 March 2025

1,200

1,170

2,370

At 31 March 2024

1,600

1,230

2,830

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

39,998

6,174

16,971

3,791

66,934

Additions

11,807

-

-

225

12,032

At 31 March 2025

51,805

6,174

16,971

4,016

78,966

DEPRECIATION

At 1 April 2024

598

1,586

13,052

2,841

18,077

Charge for year

-

688

588

388

1,664

At 31 March 2025

598

2,274

13,640

3,229

19,741

NET BOOK VALUE

At 31 March 2025

51,207

3,900

3,331

787

59,225

At 31 March 2024

39,400

4,588

3,919

950

48,857

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,062

1,082

Directors' current accounts

17,642

19,432

18,704

20,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

22,829

24,041

Accruals and deferred income

358

825

Accrued expenses

1,434

1,332

24,621

26,198

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Rent totalling £33,460 was paid to the directors for the rent of the surgery and the business premises in Ferndown.

10.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by Mr and Mrs G.O. Fridd.