REGISTERED NUMBER: 08702171 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Springbank Health Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A E M A O'Donoghue

Dr R Tatham

REGISTERED OFFICE:

York Road

Green Hammerton

Yorkshire

YO26 8BN

REGISTERED NUMBER:

08702171 (England and Wales)

ACCOUNTANTS:

Malcolm Jones & Co LLP

Accountants and Business Advisors

West Hill House

Allerton Hill

Chapel Allerton

Leeds

LS7 3QB

FIXED ASSETS

Tangible assets

4

825,803

834,138

CURRENT ASSETS

Debtors

5

4,709

-

Cash at bank

36,522

36,098

41,231

36,098

CREDITORS

Amounts falling due within one year

6

38,982

34,186

NET CURRENT ASSETS

2,249

1,912

TOTAL ASSETS LESS CURRENT LIABILITIES

828,052

836,050

CREDITORS

Amounts falling due after more than one year

7

(487,266

)

(513,999

)

PROVISIONS FOR LIABILITIES

(29,424

)

(29,424

)

NET ASSETS

311,362

292,627

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

311,262

292,527

SHAREHOLDERS' FUNDS

311,362

292,627

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Dr R Tatham - Director

1.	STATUTORY INFORMATION

Springbank Health 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.

Tangible fixed assets

In the opinion of the directors no provision for depreciation is appropriate as they consider the full value of freehold property to have been retained.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

800,800

48,000

848,800

DEPRECIATION

At 1 April 2024

-

14,662

14,662

Charge for year

-

8,335

8,335

At 31 March 2025

-

22,997

22,997

NET BOOK VALUE

At 31 March 2025

800,800

25,003

825,803

At 31 March 2024

800,800

33,338

834,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

4,709

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

28,567

27,517

Trade creditors

1,832

890

Taxation and social security

8,583

1,572

Other creditors

-

4,207

38,982

34,186

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

487,266

513,999

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

359,872

389,838

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

515,833

541,516

The freehold properties at Springbank Surgery, Green Hammerton, Land at the rear of Springbank Surgery and Tockwith Surgery, Tockwith are mortgaged in favour of the bank as security for the bank loan account reflected in the accounts.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr A E M A O'Donoghue and Dr R Tatham

Balance outstanding at start of year

-

57,062

Amounts advanced

4,709

-

Amounts repaid

-

(57,062

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,709

-

10.	RELATED PARTY DISCLOSURES

The following disclosures arise :-

The company's directors own 100% of the issued share capital of the company and are therefore the controlling party, and by definition, related parties.

Directors emoluments are disclosed in the notes above.

Transactions with the directors are dealt with in the notes above.

Included in debtors are amounts due from the directors of £4,709 (2024 creditor £4,207).