REGISTERED NUMBER: 09339555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE MEWS PRACTICE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Kapoor

Dr K El Gamez

Dr M Husban

REGISTERED OFFICE:

The Mews

Elm Don House London Road

Guildford

England

GU1 1TN

REGISTERED NUMBER:

09339555 (England and Wales)

ACCOUNTANTS:

Pesters

2 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

594,237

653,228

598,237

658,228

CURRENT ASSETS

Stocks

18,600

19,800

Debtors

6

45,791

41,130

Cash at bank and in hand

510,346

559,154

574,737

620,084

CREDITORS

Amounts falling due within one year

7

537,600

394,911

NET CURRENT ASSETS

37,137

225,173

TOTAL ASSETS LESS CURRENT LIABILITIES

635,374

883,401

CREDITORS

Amounts falling due after more than one year

8

(186,500

)

(287,229

)

PROVISIONS FOR LIABILITIES

(105,053

)

(114,947

)

NET ASSETS

343,821

481,225

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

343,820

481,224

SHAREHOLDERS' FUNDS

343,821

481,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 22 December 2025 and were signed on its behalf by:

Mrs S Kapoor - Director

1.	STATUTORY INFORMATION

The Mews Practice 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 15% on cost and Straight Line Over Lease Term

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 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 statement of financial position date.

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 20 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

5,000

Charge for year

1,000

At 31 December 2024

6,000

NET BOOK VALUE

At 31 December 2024

4,000

At 31 December 2023

5,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,066,623

Additions

117,038

At 31 December 2024

1,183,661

DEPRECIATION

At 1 January 2024

413,395

Charge for year

176,029

At 31 December 2024

589,424

NET BOOK VALUE

At 31 December 2024

594,237

At 31 December 2023

653,228

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

495,936

Additions

78,197

At 31 December 2024

574,133

DEPRECIATION

At 1 January 2024

171,117

Charge for year

91,492

At 31 December 2024

262,609

NET BOOK VALUE

At 31 December 2024

311,524

At 31 December 2023

324,819

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

30,185

15,650

Other debtors

15,606

25,480

45,791

41,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

164,126

50,391

Trade creditors

269,566

211,727

Taxation and social security

47,980

73,228

Other creditors

45,928

49,565

537,600

394,911

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,167

14,167

Hire purchase contracts

182,333

273,062

186,500

287,229

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

10,703

12,771

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024, the company owed the directors the sum of £20 (2023 - £10,553). This balance is interest free and repayable on demand.