REGISTERED NUMBER: 05525593 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Sydenham House Medical Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Keyte

Dr E A Klim

Dr C Chintakuntla

Dr D Fox

Dr E F W Johnson

Dr SPK Mallaiah

SECRETARY:

Mr N Keyte

REGISTERED OFFICE:

The Lodge

93 Normanston Drive

Oulton Broad

Lowestoft

Suffolk

NR32 2PX

REGISTERED NUMBER:

05525593 (England and Wales)

ACCOUNTANTS:

N.C.N.M. Accountancy Limited

Chartered Accountants

The Lodge

93 Normanston Drive

Oulton Broad

Lowestoft

Suffolk

NR32 2PX

FIXED ASSETS

Tangible assets

4

532

626

Investment property

5

156,350

156,350

156,882

156,976

CURRENT ASSETS

Debtors

6

-

1,519

Cash at bank

12,562

4,381

12,562

5,900

CREDITORS

Amounts falling due within one year

7

80,516

72,804

NET CURRENT LIABILITIES

(67,954

)

(66,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,928

90,072

CREDITORS

Amounts falling due after more than one year

8

112,345

116,544

NET LIABILITIES

(23,417

)

(26,472

)

CAPITAL AND RESERVES

Called up share capital

350

350

Retained earnings

(23,767

)

(26,822

)

SHAREHOLDERS' FUNDS

(23,417

)

(26,472

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th November 2025 and were signed on its behalf by:

Mr N Keyte - Director

1.	STATUTORY INFORMATION

Sydenham House Medical Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

At the year end, the company's balance sheet shows a net liability position. The company has obtained confirmation from its directors and shareholders that they will continue to financially support the company. Therefore, in the directors' opinion, it is appropriate to prepare these financial statements on the going concern basis.

Turnover

Turnover represents rents and management charges receivable during the year.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

9,873

2,325

12,198

DEPRECIATION

At 1st April 2024

9,247

2,325

11,572

Charge for year

94

-

94

At 31st March 2025

9,341

2,325

11,666

NET BOOK VALUE

At 31st March 2025

532

-

532

At 31st March 2024

626

-

626

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2024

and 31st March 2025

156,350

NET BOOK VALUE

At 31st March 2025

156,350

At 31st March 2024

156,350

The property was professionally valued in 2024 taking into account the rental yield currently being achieved and other properties in the area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,519

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,144

3,858

Amounts owed to participating interests

13,623

12,319

Other creditors

62,749

56,627

80,516

72,804

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

112,345

116,544

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

92,411

97,987

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

26,500

26,500

Between one and five years

106,000

106,000

In more than five years

53,000

79,500

185,500

212,000

The company had an annual rent commitment of £26,500 which expires in April 2032.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

116,489

120,402

The company has given a fixed charge over its freehold property and fixed and floating charge over its assets.

11.	RELATED PARTY DISCLOSURES

During the year, Sydenham House Medical Centre paid £36,344 (2024: £64,530) of expenses on behalf of the company and was charged £35,040 (2024: £35,040) by the company. During the year, £nil (2024: £10,000) was transferred by the company. At the end of the year the amount owed by the company was £13,623 (2024: owed by the company was £12,319). Sydenham House Medical Centre is a partnership owned by all the directors of the company.

There is no formal agreement between the two businesses and the balances are interest free and there are no terms for repayment.