REGISTERED NUMBER: 09459880 (England and Wales)

J & N LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr J R Murphy

Dr N J W Murphy

REGISTERED OFFICE:

The Dental Practice Southbourne

287/289 Main Road

Southbourne

Hampshire

PO10 8JG

REGISTERED NUMBER:

09459880 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Intangible assets

4

664

3,988

Tangible assets

5

211,273

218,048

Investments

6

100

-

Investment property

7

211,215

207,171

423,252

429,207

CURRENT ASSETS

Stocks

8,623

7,410

Debtors

8

137,115

31,670

Cash at bank

11,827

25,709

157,565

64,789

CREDITORS

Amounts falling due within one year

9

126,194

127,343

NET CURRENT ASSETS/(LIABILITIES)

31,371

(62,554

)

TOTAL ASSETS LESS CURRENT LIABILITIES

454,623

366,653

CREDITORS

Amounts falling due after more than one year

10

(327,705

)

(335,594

)

PROVISIONS FOR LIABILITIES

(19,667

)

(19,143

)

NET ASSETS

107,251

11,916

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

107,051

11,816

SHAREHOLDERS' FUNDS

107,251

11,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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 23 December 2025 and were signed on its behalf by:

Dr J R Murphy - Director

1.	STATUTORY INFORMATION

J & N 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents the provision of dental services during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Dental equipment

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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 period was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 March 2025

39,882

AMORTISATION

At 1 June 2024

35,894

Amortisation for period

3,324

At 31 March 2025

39,218

NET BOOK VALUE

At 31 March 2025

664

At 31 May 2024

3,988

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Dental

property

property

equipment

£

£

£

COST

At 1 June 2024

220,644

21,483

54,315

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

220,644

21,483

54,315

DEPRECIATION

At 1 June 2024

30,890

17,282

49,011

Charge for period

3,676

1,789

3,263

Eliminated on disposal

-

-

-

At 31 March 2025

34,566

19,071

52,274

NET BOOK VALUE

At 31 March 2025

186,078

2,412

2,041

At 31 May 2024

189,754

4,201

5,304

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

37,380

13,710

36,637

384,169

Additions

6,000

-

1,226

7,226

Disposals

(1,470

)

-

-

(1,470

)

At 31 March 2025

41,910

13,710

37,863

389,925

DEPRECIATION

At 1 June 2024

25,385

13,710

29,843

166,121

Charge for period

2,890

-

2,383

14,001

Eliminated on disposal

(1,470

)

-

-

(1,470

)

At 31 March 2025

26,805

13,710

32,226

178,652

NET BOOK VALUE

At 31 March 2025

15,105

-

5,637

211,273

At 31 May 2024

11,995

-

6,794

218,048

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

Additions

100

At 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

207,171

Revaluations

4,044

At 31 March 2025

211,215

NET BOOK VALUE

At 31 March 2025

211,215

At 31 May 2024

207,171

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

6,397

Valuation in 2020

3,261

Valuation in 2021

16,906

Valuation in 2022

21,064

Valuation in 2023

554

Valuation in 2024

1,386

Valuation in 2025

4,044

Cost

157,603

211,215

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

157,603

157,603

Investment property was valued on an open market basis on 31 March 2025 by the directors .

8.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

5,794

8,683

Other debtors

100,589

16,098

106,383

24,781

Amounts falling due after more than one year:

Other debtors

30,732

6,889

Aggregate amounts

137,115

31,670

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

31,114

45,106

Trade creditors

9,037

22,556

Amounts owed to associates

2,761

7,006

Taxation and social security

63,671

41,236

Other creditors

19,611

11,439

126,194

127,343

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

327,705

335,594

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

244,172

186,593

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2025 and the year ended 31 May 2024:

2025

2024

£

£

Dr J R Murphy

Balance outstanding at start of period

9,634

27,379

Amounts advanced

84,789

82,262

Amounts repaid

(1,380

)

(100,007

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

93,043

9,634