REGISTERED NUMBER: 10899906 (England and Wales)

GREAT SUTTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2024 TO 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr D Thorburn

Dr C Merriman

Dr A McAlavey

Dr C Francey

Dr J Crofts

REGISTERED OFFICE:

Great Sutton Limited

Old Chester Road

Great Sutton

Ellesmere Port

Shropshire

CH66 3NZ

REGISTERED NUMBER:

10899906 (England and Wales)

ACCOUNTANTS:

TCA (Shrewsbury) LLP

Third Floor

21 St Mary's Street

Shrewsbury

Shropshire

SY1 1ED

FIXED ASSETS

Tangible assets

4

13,976,812

10,761,442

CURRENT ASSETS

Debtors

5

26,871

142,970

Cash at bank

131,164

24,965

158,035

167,935

CREDITORS

Amounts falling due within one year

6

705,838

388,688

NET CURRENT LIABILITIES

(547,803

)

(220,753

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,429,009

10,540,689

CREDITORS

Amounts falling due after more than one year

7

13,507,605

10,576,721

NET LIABILITIES

(78,596

)

(36,032

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(78,696

)

(36,132

)

SHAREHOLDERS' FUNDS

(78,596

)

(36,032

)

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 22 December 2025 and were signed on its behalf by:

Dr C Merriman - Director

1.	STATUTORY INFORMATION

Great Sutton Limited is a private company limited by shares incorporated in England and Wales. The registered office is Third Floor, 21 St. Mary's Street, Shrewsbury, England, SY1 1ED, and the principal place of business is at Great Sutton Medical Centre, Old Chester Rd, Great Sutton, CH66 3SP.

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.

Going concern

At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company is in the process of constructing a building. This will be completed by the Winter of 2025. Once constructed, trade will commence from this site.

Turnover

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

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Assets in course of construction

Property under construction is stated at cost less depreciation. No depreciation is chargeable on assets.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Borrowing costs

All borrowing costs are capitalised into the value of the property until the time the asset is completed and ready for use.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Assets in

course of

construction

£

COST

At 1 September 2024

10,761,442

Additions

3,215,370

At 31 March 2025

13,976,812

NET BOOK VALUE

At 31 March 2025

13,976,812

At 31 August 2024

10,761,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

VAT

26,871

142,970

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

629,076

328,666

Other creditors

53,530

53,530

Great Sutton Medical Practice

14,790

-

Accruals and deferred income

8,442

6,492

705,838

388,688

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

13,487,515

10,556,631

Accruals and deferred income

20,090

20,090

13,507,605

10,576,721

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

13,487,515

10,556,631

8.

LOANS

Bank loans are secured by a mortgage and fixed charge over all of the company land and property. There is also a floating charge over assets present and future. The bank loan is currently interest only.

9.	FINANCIAL INSTRUMENTS

2025

2024

£

£

Financial assets

Financial assets measured at fair value through profit or loss

131,164

24,965

Financial assets that are debt instruments measured at amortised cost

142,970

131,164

256,425

Financial liabilities

Financial liabilities measured at amortised cost

(705,838

)

(388,688

)

(705,838

)

(388,688

)

Financial assets measured at fair value through profit or loss comprise the cash at bank.

Financial assets measured at amortised cost comprise trade debtors and other debtors.

Financial liabilities measured at amortised cost comprise trade, other creditors, accruals and deferred income.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

During the year the following transactions took place between Great Sutton Limited and the following Directors; J L Crofts, C Francey, A J McAlavey, C Merriman and D M Thorburn.

2025

2024

£

£

Brought forward

53,530

53,530

Invoices and payments made by the Directors

20,000

Repayments made to the Directors

(20,000

)

Amount due at 31 March 2025

53,530

53,530

The Directors paid some invoices directly on behalf of Great Sutton Limited, so all transactions noted above were concluded under normal market conditions.This loan is repayable on demand. The Directors confirm that they will not seek repayment until the company has cash reserves available.