BROADFIELDS HOLDINGS LTD


Director	Dr. Wayne Kevin Hirschowitz


Registered Address	136-138 High Street
	Esher
	KT10 9QJ


Registered Number	12742981 (England and Wales)

Notes to the Financial Statements
for the period 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 is 12742981 and registered office address is136-138 High Street, Esher, Surrey, England, KT10 9QJ.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

	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 rendering of services
	Revenue from the rendering of dental services & the buying and selling of its own real estate is recognised by reference to the stage of completion at the reporting date. This is typically determined based on the date the service is performed. For longer-term treatment plans, revenue is recognised based on the proportion of services delivered up to the reporting date, where the outcome can be reliably estimated. Where the outcome of a course of treatment cannot be estimated reliably, revenue is recognised only to the extent that the expenses incurred are recoverable. As the company is not registered for VAT, revenue is stated inclusive of any VAT charged to patients.

Revenue from rendering of services

Revenue from the rendering of dental services & the buying and selling of its own real estate is recognised by reference to the stage of completion at the reporting date. This is typically determined based on the date the service is performed. For longer-term treatment plans, revenue is recognised based on the proportion of services delivered up to the reporting date, where the outcome can be reliably estimated. Where the outcome of a course of treatment cannot be estimated reliably, revenue is recognised only to the extent that the expenses incurred are recoverable. As the company is not registered for VAT, revenue is stated inclusive of any VAT charged to patients.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	2	-
Plant and machinery	-	4
Fixtures and fittings	-	4
Office Equipment	-	4

	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
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		13

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 24	200,000	200,000
At 31 March 25	200,000	200,000
Amortisation and impairment
At 01 August 24	80,000	80,000
Charge for year	13,333	13,333
At 31 March 25	93,333	93,333
Net book value
At 31 March 25	106,667	106,667
At 31 July 24	120,000	120,000

4.	Useful life of intangible assets
	Goodwill is amortised on a straight-line basis over its estimated useful life of 10 years, which is considered appropriate in accordance with HMRC guidelines and standard accounting practice.

5.	Impairment of intangible assets
	The carrying amount of intangible assets, including goodwill, has been reviewed for indicators of impairment in the current year. Based on this review, the directors have concluded that no impairment charge is required for the year ended 31 March 2025.

6.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 August 24	1,101,604	293,055	47,022	25,175	1,466,856
Additions	-	8,592	-	1,697	10,289
Disposals	(15,664)	-	-	-	(15,664)
At 31 March 25	1,085,940	301,647	47,022	26,872	1,461,481
Depreciation and impairment
At 01 August 24	21,273	155,650	37,312	16,806	231,041
Charge for year	5,208	49,235	5,879	3,182	63,504
At 31 March 25	26,481	204,885	43,191	19,988	294,545
Net book value
At 31 March 25	1,059,459	96,762	3,831	6,884	1,166,936
At 31 July 24	1,080,331	137,405	9,710	8,369	1,235,815

7.	Stocks

	2025	2024
	£	£
Finished goods	3,000	-
Total	3,000	-

8.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	70,776	13,409
Amounts owed by associates and joint ventures / participating interests	5,319	-
Other debtors	116,816	99,599
Total	192,911	113,008


	As on period ending March 2025 other debtors comprises of below: Prepayments : £21,939.49 (2024: £4,723.35) Directors loan account : £70,918 (2024: £70,918) S455 Tax on overdrawn directors loan : £23,958.11 (2024: £23,958.11)

9.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	107,621	135,583
Bank borrowings and overdrafts	38,710	42,728
Amounts owed to related parties	66,959	137,958
Taxation and social security	194,761	98,348
Finance lease and HP contracts	36,136	41,675
Other creditors	4,518	9,939
Total	448,705	466,231


	As on period ending March 2025 other creditors comprises of below ; Credit card : £10,999.77 (2024:£13,057.07) Pension payable : £1,369.38 (2024: £1,338.34) Accruals & Deferred income : £3,148.02 (2024: £8,599.95)

10.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	658,247	686,649
Other creditors	72,507	90,434
Total	730,754	777,083

11.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	108,643		132,109

12.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	91,258	-
Total	91,258	-

13.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Dr. Wayne Kevin Hirschowitz	70,918	0	0	70,918
	70,918	0	0	70,918


	As at the year end, the directors’ loan account was overdrawn by £70,918 (2024: £70,918).

14.	Share capital
	The issued share capital of the company comprises 100 ordinary shares of £1 each, amounting to a total of £100. The share capital structure remained unchanged from the prior year.

15.

Related party transactions

During the period, the company entered into transactions with its directors and other related parties as follows:
 
At the year end, the directors’ loan account was overdrawn by £70,918 (2024: £70,918). 
 
The company had transactions with the following related companies during the year:
Dr Wayne Hirschowitz Limited – Amount owed by the intercompany: £25.97 (2024: - £67,999)
Tanyard & Golding Dental Group – Amount owed to the intercompany: £66,959 (2024: £69,959)
Hirschprop Limited – Amount owed by intercompany: £5,293 (2024: £nil)
 
All intercompany balances are interest-free loans, unsecured, and repayable on demand.

16.	Change in reporting period and impact on comparability
	The company has changed its financial year end. The previous financial statements covered the 12-month period ended 31 July 2024, while the current financial statements cover the 8-month period from 1 August 2024 to 31 March 2025. Consequently, the comparative figures for the prior year are not directly comparable with the current period.

	Notes	31 Mar 2025		31 Jul 2024
		£	£	£	£
Fixed assets
Intangible assets	3		106,667		120,000
Tangible assets	6		1,166,936		1,235,815
			1,273,603		1,355,815
Current assets
Stocks	7	3,000		-
Debtors	8	192,911		113,008
Cash at bank and on hand		376,907		320,080
		572,818		433,088
Creditors amounts falling due within one year	9	(448,705)		(466,231)
Net current assets (liabilities)			124,113		(33,143)
Total assets less current liabilities			1,397,716		1,322,672
Creditors amounts falling due after one year	10		(730,754)		(777,083)
Provisions for liabilities	12		(91,258)		-
Net assets			575,704		545,589
Capital and reserves
Called up share capital			1		1
Profit and loss account			575,703		545,588
Shareholders' funds			575,704		545,589