REGISTERED NUMBER: 06848134 (England and Wales)

GREYTOWN DENTAL PRACTICE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr H S Dhatt

Dr S K Tatineni

REGISTERED OFFICE:

2nd Floor Greytown House

43-47 Sheep Street

Bicester

Oxfordshire

OX26 6JJ

REGISTERED NUMBER:

06848134 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Intangible assets

4

200,000

250,000

Tangible assets

5

18,346

12,176

218,346

262,176

CURRENT ASSETS

Stocks

3,461

3,187

Debtors

6

55,922

16,136

Cash at bank and in hand

669,867

460,317

729,250

479,640

CREDITORS

Amounts falling due within one year

7

(508,974

)

(313,378

)

NET CURRENT ASSETS

220,276

166,262

TOTAL ASSETS LESS CURRENT LIABILITIES

438,622

428,438

PROVISIONS FOR LIABILITIES

8

(4,298

)

(2,601

)

NET ASSETS

434,324

425,837

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

434,224

425,737

SHAREHOLDERS' FUNDS

434,324

425,837

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 26 November 2025 and were signed on its behalf by:

Dr S K Tatineni - Director

Dr H S Dhatt - Director

1.	STATUTORY INFORMATION

Greytown Dental Practice 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,000,000

AMORTISATION

At 1 April 2024

750,000

Charge for year

50,000

At 31 March 2025

800,000

NET BOOK VALUE

At 31 March 2025

200,000

At 31 March 2024

250,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

936

96,832

35,768

36,671

170,207

Additions

-

186

313

11,088

11,587

At 31 March 2025

936

97,018

36,081

47,759

181,794

DEPRECIATION

At 1 April 2024

-

92,800

30,694

34,537

158,031

Charge for year

-

1,933

1,268

2,216

5,417

At 31 March 2025

-

94,733

31,962

36,753

163,448

NET BOOK VALUE

At 31 March 2025

936

2,285

4,119

11,006

18,346

At 31 March 2024

936

4,032

5,074

2,134

12,176

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

55,922

3,246

Other debtors

-

12,890

55,922

16,136

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

43,312

34,181

Taxation and social security

63,167

44,517

Other creditors

402,495

234,680

508,974

313,378

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

4,298

2,601

Deferred

tax

£

Balance at 1 April 2024

2,601

Change in provision

1,697

Balance at 31 March 2025

4,298

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to directors is £175,084 (2024: £163,342).The loans are interest free and with no fixed date of repayment.

10.	ULTIMATE CONTROLLING PARTY

There is no one controlling party.