REGISTERED NUMBER: 07990572 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TEES VETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K I Gray

REGISTERED OFFICE:

38 Middlehill Road

Wimborne

Dorset

BH21 2SE

REGISTERED NUMBER:

07990572 (England and Wales)

ACCOUNTANTS:

Enhance

Accountants & Business Advisers

38 Middlehill Road

Wimborne

Dorset

BH21 2SE

FIXED ASSETS

Tangible assets

4

122,829

12,228

CURRENT ASSETS

Stocks

29,059

19,203

Debtors

5

640,734

171,849

Cash at bank and in hand

847,626

1,202,341

1,517,419

1,393,393

CREDITORS

Amounts falling due within one year

6

482,360

249,127

NET CURRENT ASSETS

1,035,059

1,144,266

TOTAL ASSETS LESS CURRENT LIABILITIES

1,157,888

1,156,494

CREDITORS

Amounts falling due after more than one year

7

(633,000

)

(633,000

)

PROVISIONS FOR LIABILITIES

(3,514

)

(2,537

)

NET ASSETS

521,374

520,957

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

521,373

520,956

SHAREHOLDERS' FUNDS

521,374

520,957

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 December 2025 and were signed by:

K I Gray - Director

1.	STATUTORY INFORMATION

Tees Vets 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 represents net invoiced sales of services and goods, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

20% on cost

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.

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 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

8,322

97,182

105,504

Additions

-

117,178

117,178

At 31 March 2025

8,322

214,360

222,682

DEPRECIATION

At 1 April 2024

7,352

85,924

93,276

Charge for year

113

6,464

6,577

At 31 March 2025

7,465

92,388

99,853

NET BOOK VALUE

At 31 March 2025

857

121,972

122,829

At 31 March 2024

970

11,258

12,228

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,275

19,200

Amounts owed by group undertakings

597,045

120,439

Other debtors

30,414

32,210

640,734

171,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,560

19,565

Amounts owed to group undertakings

182,255

51,129

Taxation and social security

166,404

177,315

Other creditors

114,141

1,118

482,360

249,127

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

633,000

633,000

8.	RELATED PARTY DISCLOSURES

During the year the company loaned £8,498 (2024: £25,501) to Pawheads Limited, a related company. At the balance sheet date the company was owed £nil (2024: £119,445) from Pawheads Limited. The loan has been fully written off.

At the balance sheet date the company owed £815,255 (2024: £684,129) to KR15 Limited, the parent company, in which K I Gray is a Director and shareholder. The loan is interest free and repayable on demand.

During the year the company loaned £244,300 (2024: £700) to KR15 Estates Limited, a related company. At the balance sheet date the company was owed £245,294 (2024: £994) from KR15 Estates Limited. The loan is interest free and repayable on demand.

During the year the company loaned £351,751 (2024: £nil) to KR15 Assets Limited, a related company. At the balance sheet date the company was owed £351,751 (2024: £nil) from KR15 Assets Limited. The loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K I Gray.