REGISTERED NUMBER: 09085639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE TINNITUS CLINIC LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Banks

J Swinhoe

SECRETARY:

J Swinhoe

REGISTERED OFFICE:

Bentinck House

3-8 Bolsover Street

London

W1W 6AB

REGISTERED NUMBER:

09085639 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

CURRENT ASSETS

Stocks

8,000

8,500

Debtors

33,513

51,512

41,513

60,012

CREDITORS

Amounts falling due within one year

93,510

88,189

NET CURRENT LIABILITIES

(51,997

)

(28,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,997

)

(28,177

)

CREDITORS

Amounts falling due after more than one year

345,507

345,507

NET LIABILITIES

(397,504

)

(373,684

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(397,506

)

(373,686

)

SHAREHOLDERS' FUNDS

(397,504

)

(373,684

)

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 December 2025 and were signed on its behalf by:

J Swinhoe - Director

S Banks - Director

1.	STATUTORY INFORMATION

The Tinnitus Clinic 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 represents invoiced sales of goods and services during the year, excluding value added tax.

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

-

33% on cost

Fixtures and fittings

-

15% on cost

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.

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.

Going concern

The business has clearly seen a drop in demand in the post pandemic period and have been further impacted by changes in the digital marketing environment. These have considerably reduced the level of enquiries flowing to the business and were the major factor in reporting a loss, despite efforts to address the situation and tight cost controls. Current levels of demand pose a material risk to the company's ability to continue as a going concern and we are seeking to mitigate that risk by new marketing approaches and further cost reductions. We continue to enjoy the support of our long term investor and have retained key staff.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

44,067

Disposals

(1,465

)

At 31 March 2025

42,602

DEPRECIATION

At 1 April 2024

44,067

Eliminated on disposal

(1,465

)

At 31 March 2025

42,602

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

38,888

26,900

Between one and five years

13,206

38,108

52,094

65,008