NORTHBOURNE PRACTICE LTD


Directors	ALLOUB, Yasmin, Dr
	PATEL, Dilen Surendrakumar, Dr


Registered Address	Falcon Garage
	Burghfield Road
	Tadley
	RG26 4QY


Registered Number	11232871 (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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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.

	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
	Goodwill, being the amount paid in connection with the acquisition of businesses is being amortised evenly over its estimated useful life of 10 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Fixtures and fittings	20	-
Vehicles	20	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	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 assets and liabilities are offset, with the net amounts presented in the financialstatements, 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. Basic financial liabilities Basic financial liabilities, including creditors and bank loans 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 amortized cost using the effective interest method.

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financialstatements,
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.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans 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 amortized cost using the effective
interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	261,664	1,320	262,984
At 31 March 25	261,664	1,320	262,984
Amortisation and impairment
At 01 April 24	62,998	94	63,092
Charge for year	26,167	131	26,298
At 31 March 25	89,165	225	89,390
Net book value
At 31 March 25	172,499	1,095	173,594
At 31 March 24	198,666	1,226	199,892

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	332,106	257,185	99,545	688,836
Additions	4,141	2,541	494	7,176
At 31 March 25	336,247	259,726	100,039	696,012
Depreciation and impairment
At 01 April 24	20,425	166,026	23,103	209,554
Charge for year	6,725	18,576	15,365	40,666
At 31 March 25	27,150	184,602	38,468	250,220
Net book value
At 31 March 25	309,097	75,124	61,571	445,792
At 31 March 24	311,681	91,159	76,442	479,282


	Land and buildings includes improvment of £131,989.

5.	Stocks

	2025	2024
	£	£
Other stocks	3,411	2,384
Total	3,411	2,384

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	14,531	18,168
Amounts owed by group undertakings	10,045	10,045
Other debtors	42	42
Prepayments and accrued income	4,674	4,530
Total	29,292	32,785


	Other debtor of £42.08 (2024 ; £42.08) related to Optimum Vision Clinic.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,660	33,808
Bank borrowings and overdrafts	21,182	18,709
Amounts owed to related parties	277,144	328,011
Other creditors	78,739	77,999
Accrued liabilities and deferred income	3,000	3,001
Total	395,725	461,528

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	189,104	212,829
Total	189,104	212,829


	Included within creditors falling due within one year and creditors falling due after one year is £ 210,286 (2024: £231,538) in respect of a Lloyds Business Loan and and Commercial Mortgage loan. This loan is secured by a fixed and floating charge over present and future assets of the company.

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	29,588	44,209
Total	29,588	44,209

10.	Directors advances, credits and guarantees
	As at year end director balance of NIL (2024 : £360 Cr.) related to Dilen Patel and NIL (2024 : £417 Cr.) related to Yasmin Alloub.

11.	Related party transactions
	Debtors includes £10,045 (2024 : £10,045) due from Alder Road Practice Ltd. Other creditors include £277,011 (2024 : £328,011) amount due to Exate Ltd and £133.26 (2024 : NIL) amount due to Victoria Road Practice.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		173,594		199,892
Tangible assets	4		445,792		479,282
			619,386		679,174
Current assets
Stocks	5	3,411		2,384
Debtors	6	29,292		32,785
Cash at bank and on hand		32,731		22,418
		65,434		57,587
Creditors amounts falling due within one year	7	(395,725)		(461,528)
Net current assets (liabilities)			(330,291)		(403,941)
Total assets less current liabilities			289,095		275,233
Creditors amounts falling due after one year	8		(189,104)		(212,829)
Provisions for liabilities	9		(29,588)		(44,209)
Net assets			70,403		18,195
Capital and reserves
Called up share capital			100		100
Profit and loss account			70,303		18,095
Shareholders' funds			70,403		18,195