REGISTERED NUMBER: 07080325 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

A.P.C. (PATHOLOGY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr R L Attanoos

Mrs E L Attanoos

SECRETARY:

Mrs E L Attanoos

REGISTERED OFFICE:

Boverton Park House

Boverton Park Drive

Boverton

Vale of Glamorgan

CF61 1UH

REGISTERED NUMBER:

07080325 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales and West Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,145

6,207

7,145

6,207

CURRENT ASSETS

Debtors

6

1,372,250

1,646,095

Investments

7

10,243,524

9,044,374

Cash at bank

1,348,227

1,765,878

12,964,001

12,456,347

CREDITORS

Amounts falling due within one year

8

563,489

1,092,244

NET CURRENT ASSETS

12,400,512

11,364,103

TOTAL ASSETS LESS CURRENT LIABILITIES

12,407,657

11,370,310

PROVISIONS FOR LIABILITIES

218,276

277,340

NET ASSETS

12,189,381

11,092,970

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

9

12,189,376

11,092,965

12,189,381

11,092,970

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:

Dr R L Attanoos - Director

1.	STATUTORY INFORMATION

A.P.C. (Pathology) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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 2010, is being amortised evenly over its estimated useful life of nil 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 etc

-

25% on reducing balance

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.

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.

Current asset investments

Current asset investments are initially recognised at cost and are subsequently revalued to their fair value at the balance sheet date with any gains or losses on revaluation being recognised in the income statement for the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

300,000

AMORTISATION

At 1 April 2024

and 31 March 2025

300,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

28,599

Additions

2,939

At 31 March 2025

31,538

DEPRECIATION

At 1 April 2024

22,392

Charge for year

2,001

At 31 March 2025

24,393

NET BOOK VALUE

At 31 March 2025

7,145

At 31 March 2024

6,207

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,372,250

1,646,095

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

7iM Investments

5,047,197

5,584,293

Natwest investment

-

2,049,500

Brewin Dolphin Investment

5,196,327

1,410,581

10,243,524

9,044,374

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

467,399

1,082,004

Other creditors

96,090

10,240

563,489

1,092,244

9.

RESERVES

Included in reserves are unrealised gains on investments of £1,139,462 (2024: £1,451,514).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr R L Attanoos and Mrs E L Attanoos

Balance outstanding at start of year

-

688,899

Amounts repaid

-

(688,899

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

11.	RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the directors of £96,091 (2024: £6,371).