REGISTERED NUMBER: 06058869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Titchfield Park Dental Clinic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G L Du Toit

I M Smith

REGISTERED OFFICE:

The Fourways Leeming Lane South

Mansfield Woodhouse

Mansfield

Nottinghamshire

NG19 9AH

REGISTERED NUMBER:

06058869 (England and Wales)

FIXED ASSETS

Intangible assets

4

120,589

205,711

Tangible assets

5

271,807

150,679

392,396

356,390

CURRENT ASSETS

Stocks

42,854

37,128

Debtors

6

56,954

34,562

Cash at bank

941,946

1,539,109

1,041,754

1,610,799

CREDITORS

Amounts falling due within one year

7

993,040

1,067,530

NET CURRENT ASSETS

48,714

543,269

TOTAL ASSETS LESS CURRENT LIABILITIES

441,110

899,659

CREDITORS

Amounts falling due after more than one year

8

(3,334

)

(363,951

)

PROVISIONS FOR LIABILITIES

(34,233

)

(36,856

)

NET ASSETS

403,543

498,852

CAPITAL AND RESERVES

Called up share capital

10

6

6

Retained earnings

403,537

498,846

SHAREHOLDERS' FUNDS

403,543

498,852

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 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 3 December 2025 and were signed on its behalf by:

G L Du Toit - Director

1.	STATUTORY INFORMATION

Titchfield Park Dental Clinic Ltd 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 businesses, is being amortised evenly over its estimated useful life of 5 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.

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

-

25% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% 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 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

694,009

AMORTISATION

At 1 April 2024

488,298

Charge for year

85,122

At 31 March 2025

573,420

NET BOOK VALUE

At 31 March 2025

120,589

At 31 March 2024

205,711

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

239,526

7,561

-

247,087

Additions

32,903

4,257

161,020

198,180

Disposals

(7,070

)

-

-

(7,070

)

At 31 March 2025

265,359

11,818

161,020

438,197

DEPRECIATION

At 1 April 2024

95,241

1,167

-

96,408

Charge for year

58,126

2,333

11,667

72,126

Eliminated on disposal

(2,144

)

-

-

(2,144

)

At 31 March 2025

151,223

3,500

11,667

166,390

NET BOOK VALUE

At 31 March 2025

114,136

8,318

149,353

271,807

At 31 March 2024

144,285

6,394

-

150,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,535

810

Amounts owed by associates

48,150

24,000

Other debtors

7,269

9,752

56,954

34,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

27,281

Trade creditors

-

608

Taxation and social security

173,248

318,677

Other creditors

809,792

720,964

993,040

1,067,530

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,334

363,951

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

264,919

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

13,334

391,232

The bank loans are secured by a fixed and floating charge over the undertaking and all property and assets of the company present and future.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

6

6

11.	RELATED PARTY DISCLOSURES

During the period, the company paid loans to a connected company. The balance outstanding at 31 March 2025 is £48,150 (2024 - £24,000). The loan is unsecured, interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are I Smith and G Du Toit.