Cobham Park Veterinary Clinic Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07181665

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		57,227		70,044

			57,227		70,044
CURRENT ASSETS
Stocks		29,401		23,522
Debtors	5	220,122		213,107
Cash at bank and in hand		1,463,147		1,425,726

		1,712,670		1,662,355
Creditors: Amounts Falling Due Within One Year	6	(157,338 )		(144,191 )

NET CURRENT ASSETS (LIABILITIES)			1,555,332		1,518,164

TOTAL ASSETS LESS CURRENT LIABILITIES			1,612,559		1,588,208

Creditors: Amounts Falling Due After More Than One Year	7		(18,398 )		(27,699 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,646 )		(12,553 )

NET ASSETS			1,584,515		1,547,956

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			1,584,415		1,547,856

SHAREHOLDERS' FUNDS			1,584,515		1,547,956

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Cobham Park Veterinary Clinic Ltd

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr G R Heilpern

Director

19/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cobham Park Veterinary Clinic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07181665 . The registered office is Albany House , Claremont Lane, Esher, Surrey, KT10 9FQ.

2. Accounting Policies

2.1. Basis of Preparation of 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 IA "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover represents the net value of services provided and goods sold, excluding value added tax.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold	10 years in line with Lease
Plant & Machinery	33.33% and 20 on cost
Motor Vehicles	60 months in line with HP agreement
Computer Equipment	20% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.7. 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.

2.8. Pensions

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.

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Cobham Park Veterinary Clinic Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. 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.

2.10. 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 ofthe lease.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	34,372	75,440	21,100	8,375	139,287
Additions	-	2,345	-	3,074	5,419

As at 31 March 2025	34,372	77,785	21,100	11,449	144,706

Depreciation
As at 1 April 2024	33,553	30,639	141	4,910	69,243
Provided during the period	819	11,787	4,220	1,410	18,236

As at 31 March 2025	34,372	42,426	4,361	6,320	87,479

Net Book Value
As at 31 March 2025	-	35,359	16,739	5,129	57,227

As at 1 April 2024	819	44,801	20,959	3,465	70,044

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,984	11,014
Prepayments and accrued income	1,225	4,985
Other debtors	40,310	40,310
Directors' loan accounts	169,603	156,798

	220,122	213,107

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Cobham Park Veterinary Clinic Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,301	9,301
Trade creditors	33,411	36,860
Other creditors	5,841	4,284
Taxation and social security	108,785	93,746

	157,338	144,191

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,398	27,699

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,301	9,301
Later than one year and not later than five years	18,398	27,699

	27,699	37,000

	27,699	37,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Guy Heilpern	156,798	140,765	(127,960 )	-	169,603

The loan to the director was unsecured, repayable on demand and interest has been charged at the HMRC official rate for beneficial loans.

11. Related Party Transactions

During the year, total dividends of £69,300 (2024 - £71,400) were paid to the director.

Dividends of £40,700 (2024 - £42,600) were also paid to Mrs M Heilpern.

12. Ultimate Controlling Party

G R Heilpern, the majority shareholder, is the ultimate controlling party.

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