Registration number: 04246440

Kestrel Ophthalmics Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Kestrel Ophthalmics Limited

Company Information

Directors

Mr J Boudet Mr K C Oster Mr Yves Brouquet-Laglaire

Company secretary

Ms M N Cavert

Registered office

9 Cabot Business Village Holyrood Close Poole Dorset BH17 7BA

Auditors

Hill Osborne Ltd Registered Auditors & Chartered Accountants 2 Winchester Place North Street Poole Dorset BH15 1NX

Kestrel Ophthalmics Limited

(Registration number: 04246440)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	82,887	117,084
Tangible assets	5	13,771	11,298
		96,658	128,382
Current assets
Stocks	6	371,303	332,580
Debtors	7	498,973	550,804
Cash at bank and in hand		496	26,330
		870,772	909,714
Creditors: Amounts falling due within one year	8	(753,324)	(747,885)
Net current assets		117,448	161,829
Total assets less current liabilities		214,106	290,211
Creditors: Amounts falling due after more than one year	8	-	(15,833)
Net assets		214,106	274,378
Capital and reserves
Called up share capital	10	100	100
Retained earnings		214,006	274,278
Shareholders' funds		214,106	274,378

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:
 

......................................... Mr J Boudet Director

Kestrel Ophthalmics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Cabot Business Village
Holyrood Close
Poole
Dorset
BH17 7BA
England

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 were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Kestrel Ophthalmics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible assets

Tangible assets are stated in the balance sheet 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
Fixtures and fittings	4 years Straight line
Leasehold improvements	10 years Straight line
Other property, plant and equipment	5 years Straight line

Intangible assets - other

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Intangible type	Useful life
Licensing distribution agreement	6 years straight line from the date of the first product distribution
Trademarks	6 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Kestrel Ophthalmics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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 subsequently measured at amortised cost using the effective interest method.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

Kestrel Ophthalmics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	205,184	205,184
At 31 December 2024	205,184	205,184
Amortisation
At 1 January 2024	88,100	88,100
Amortisation charge	34,197	34,197
At 31 December 2024	122,297	122,297
Carrying amount
At 31 December 2024	82,887	82,887
At 31 December 2023	117,084	117,084

5	Tangible assets

	Fixtures and fittings  £	Plant and machinery  £	Total £
Cost or valuation
At 1 January 2024	167,450	149,057	316,507
Additions	7,459	-	7,459
At 31 December 2024	174,909	149,057	323,966
Depreciation
At 1 January 2024	164,430	140,779	305,209
Charge for the year	2,301	2,685	4,986
At 31 December 2024	166,731	143,464	310,195
Carrying amount
At 31 December 2024	8,178	5,593	13,771
At 31 December 2023	3,020	8,278	11,298

6

Stocks

	2024 £	2023 £
Finished goods and goods for resale	371,303	332,580

Kestrel Ophthalmics Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Debtors

	2024 £	2023 £
Trade debtors	245,179	239,311
Amounts owed by group undertakings and undertakings in which the company has a participating interest	212,665	268,313
Other debtors	41,129	43,180
	498,973	550,804

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	88,876	47,500
Trade creditors		502,055	502,882
Taxation and social security		83,781	113,274
Accruals and deferred income		68,855	74,908
Other creditors		9,757	9,321
		753,324	747,885