REGISTERED NUMBER: 04881969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

THE PET HEALTH PARTNERSHIP LIMITED

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J R Ball

C J Chaplin

The Alliance Of Independent Veterinary Practices Ltd

Mrs S L Warren

REGISTERED OFFICE:

7 The Axium Centre

Dorchester Road

Lytchett Minster

Poole

BH16 6FE

REGISTERED NUMBER:

04881969 (England and Wales)

ACCOUNTANTS:

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2025 set out on pages four to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accountancy Online Limited

6 Elsley Road

Tilehurst

Reading

RG31 6RN

24 December 2025

FIXED ASSETS

Intangible assets

4

2,390

16,736

Tangible assets

5

569,377

380,735

571,767

397,471

CURRENT ASSETS

Stocks

41,679

43,410

Debtors

6

66,843

20,626

Cash at bank and in hand

29,484

84,967

138,006

149,003

CREDITORS

Amounts falling due within one year

(311,339

)

(188,556

)

NET CURRENT LIABILITIES

(173,333

)

(39,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

398,434

357,918

CREDITORS

Amounts falling due after more than one year

7

(199,518

)

(206,243

)

PROVISIONS FOR LIABILITIES

10

(55,043

)

(7,802

)

NET ASSETS

143,873

143,873

CAPITAL AND RESERVES

Called up share capital

11

4,500

4,500

Revaluation reserve

12

139,373

139,373

SHAREHOLDERS' FUNDS

143,873

143,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 December 2025 and were signed on its behalf by:

C J Chaplin - Director

1.	STATUTORY INFORMATION

The Pet Health Partnership 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 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of the amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.

Goodwill

With the transition to FRS 102 on 1st August 2016 amortisation now can only be amortised over 10 years

starting from 1st August 2015. The policy is now updated to reflect this.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

15% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Depreciation

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

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 balance sheet date.

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.

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 19 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

270,000

AMORTISATION

At 1 May 2024

253,264

Amortisation for year

14,346

At 30 April 2025

267,610

NET BOOK VALUE

At 30 April 2025

2,390

At 30 April 2024

16,736

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

535,873

Additions

201,724

At 30 April 2025

737,597

DEPRECIATION

At 1 May 2024

155,138

Charge for year

13,082

At 30 April 2025

168,220

NET BOOK VALUE

At 30 April 2025

569,377

At 30 April 2024

380,735

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

Totals

£

COST

At 1 May 2024

56,970

Transfer to ownership

(56,970

)

At 30 April 2025

-

DEPRECIATION

At 1 May 2024

48,414

Charge for year

2,139

Transfer to ownership

(50,553

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

8,556

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

3,839

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

7,215

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

2,156

Non-cancellable

operating leases

2025

2024

£

£

Within one year

44,460

32,874

Between one and five years

176,616

177,841

In more than five years

388,500

431,735

609,576

642,450

At the balance sheet date, the company had outstanding commitments under two non-cancellable operating leases:

Property Lease

The company leases its principal premises under an operating lease with an annual rent of £42,000.

The lease includes a break clause every five years, with the first break option available in 2029.

The lease is for commercial use and provides the company with flexibility to review its premises requirements at regular intervals.

Equipment Lease

The company leases certain equipment under an operating lease with annual payments of £2,460.

The equipment lease is for essential business operations and does not include any break clauses.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

102,246

121,918

Hire purchase contracts

-

2,156

102,246

124,074

Barclays Bank PLC holds a fixed and floating debenture charge over the company's entire property and assets, present and future.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

55,043

7,802

Deferred

tax

£

Balance at 1 May 2024

7,802

Charge to Income Statement during year

47,241

Balance at 30 April 2025

55,043

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,500

Ordinary A

£1

4,500

4,500

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2024

-

139,373

139,373

Profit for the year

6,607

6,607

Dividends

(6,607

)

(6,607

)

At 30 April 2025

-

139,373

139,373

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,607 (2024 - £64,444) were paid to the directors .

15.	ULTIMATE CONTROLLING PARTY

The controlling party is The Alliance Of Independent Veterinary Practices Ltd .