VICTORIA ROAD PRACTICE LTD.


Directors	Dr Y Alloub
	Dr D S Patel


Registered Address	5 Victoria Road
	Exmouth
	EX8 1DL


Registered Number	06730653 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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 and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Plant and machinery	-	5
Fixtures and fittings	-	5
Office Equipment	25	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	Financial instruments 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 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. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Financial instruments
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 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	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.

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	333,805	1,567	335,372
At 31 March 25	333,805	1,567	335,372
Amortisation and impairment
At 01 April 24	333,805	252	334,057
Charge for year	-	197	197
At 31 March 25	333,805	449	334,254
Net book value
At 31 March 25	-	1,118	1,118
At 31 March 24	-	1,315	1,315

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	429,334	274,037	337,531	19,248	1,060,150
Additions	-	9,767	282	199	10,248
At 31 March 25	429,334	283,804	337,813	19,447	1,070,398
Depreciation and impairment
At 01 April 24	31,580	168,669	146,325	8,350	354,924
Charge for year	3,231	37,438	65,527	2,729	108,925
At 31 March 25	34,811	206,107	211,852	11,079	463,849
Net book value
At 31 March 25	394,523	77,697	125,961	8,368	606,549
At 31 March 24	397,754	105,368	191,206	10,898	705,226

5.	Stocks

	2025	2024
	£	£
Other stocks	16,824	11,799
Total	16,824	11,799

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	28,098	73,568
Amounts owed by group undertakings	236,284	146,783
Other debtors	76	1,768
Prepayments and accrued income	2,845	4,836
Total	267,303	226,955

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	16,167	15,202
Amounts owed to related parties	-	69,631
Taxation and social security	3,201	3,469
Other creditors	345,047	409,526
Accrued liabilities and deferred income	364	379
Total	364,779	498,207

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	223,351	239,239
Total	223,351	239,239

9.	Directors advances, credits and guarantees
	Director loan account as at YE was £889 which is related to Yasmin Alloub.

10.	Related party transactions
	At year end, Amount owned by group undertakings include £89,369 (2024: £ Credit 69,631) to Exate ltd and £146,783 (2024: £146,783) by Alder Road Practice Ltd.& £133 (2024: £Nil) by North Bourne Ltd. Amount owned to group undertaking include £1,327 (2024: 1,327) to Optimum Vision clinic.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,118		1,315
Tangible assets	4		606,549		705,226
			607,667		706,541
Current assets
Stocks	5	16,824		11,799
Debtors	6	267,303		226,955
Cash at bank and on hand		38,673		37,524
		322,800		276,278
Creditors amounts falling due within one year	7	(364,779)		(498,207)
Net current assets (liabilities)			(41,979)		(221,929)
Total assets less current liabilities			565,688		484,612
Creditors amounts falling due after one year	8		(223,351)		(239,239)
Net assets			342,337		245,373
Capital and reserves
Called up share capital			100		100
Share premium			245,182		245,182
Profit and loss account			97,055		91
Shareholders' funds			342,337		245,373