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Company Registration No. 11923061 (England and Wales)
LAETARE CARDIOLOGY LTD. Unaudited accounts for the year ended 30 April 2025
LAETARE CARDIOLOGY LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LAETARE CARDIOLOGY LTD. Company Information for the year ended 30 April 2025
Director
Dr J John
Company Number
11923061 (England and Wales)
Registered Office
SWANLAND LODGE WEST END SWANLAND NORTH FERRIBY HU14 3PE ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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LAETARE CARDIOLOGY LTD. Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,477
6,012
Investment property
5
669,005
623,089
Investments
6
105,000
-
778,482
629,101
Current assets
Debtors
7
4,634
138,424
Cash at bank and in hand
112,419
76,926
117,053
215,350
Creditors: amounts falling due within one year
8
(217,308)
(284,839)
Net current liabilities
(100,255)
(69,489)
Total assets less current liabilities
678,227
559,612
Creditors: amounts falling due after more than one year
9
(64,727)
(70,426)
Net assets
613,500
489,186
Capital and reserves
Share premium
1,000
1,000
Profit and loss account
612,500
488,186
Shareholders' funds
613,500
489,186
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2025 and were signed on its behalf by
Dr J John Director Company Registration No. 11923061
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LAETARE CARDIOLOGY LTD. Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
LAETARE CARDIOLOGY LTD. is a private company, limited by shares, registered in England and Wales, registration number 11923061. The registered office is SWANLAND LODGE WEST END, SWANLAND, NORTH FERRIBY, HU14 3PE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on a reducing balance
Computer equipment
30% on a reducing balance
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LAETARE CARDIOLOGY LTD. Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
10,750
1,150
11,900
At 30 April 2025
10,750
1,150
11,900
Depreciation
At 1 May 2024
5,382
506
5,888
Charge for the year
1,342
193
1,535
At 30 April 2025
6,724
699
7,423
Net book value
At 30 April 2025
4,026
451
4,477
At 30 April 2024
5,368
644
6,012
5
Investment property
2025
£
Fair value at 1 May 2024
623,089
Additions
45,916
At 30 April 2025
669,005
The property is valued at the cost to the company during the current financial year. The director believes that the market value is not significantly different to the recorded figure above.
6
Investments
Subsidiary undertakings
£
Valuation at 1 May 2024
-
Additions
105,000
Valuation at 30 April 2025
105,000
During the year 105,000 shares of £1 each were allotted and issued to the company in lieu of loans made to an associated company - Optima Clinics Ltd (company number 14458423). This investment constitutes 57% of the total shares issued in Optima Clinics Ltd.
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,634
-
Other debtors
-
138,424
4,634
138,424
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LAETARE CARDIOLOGY LTD. Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,600
5,600
Trade creditors
2,745
787
Taxes and social security
38,357
38,231
Loans from directors
168,386
238,361
Accruals
2,220
1,860
217,308
284,839
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,222
6,921
Other creditors
63,505
63,505
64,727
70,426
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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