REGISTERED NUMBER: 14918008 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

HIGHGATE VETERINARY CLINIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B M Adcock

REGISTERED OFFICE:

Unit 11

Highgate Farm

Over Road, Willingham

Cambridge

Cambridgeshire

CB24 5EU

REGISTERED NUMBER:

14918008 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Property, plant and equipment

5

268,482

303,108

CURRENT ASSETS

Debtors

6

4,695

8,596

Cash and cash equivalents

52,809

25,173

57,504

33,769

CREDITORS

Amounts falling due within one year

7

(185,116

)

(177,674

)

NET CURRENT LIABILITIES

(127,612

)

(143,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,870

159,203

CREDITORS

Amounts falling due after more than one year

8

(256,619

)

(286,888

)

NET LIABILITIES

(115,749

)

(127,685

)

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

(115,750

)

(127,686

)

SHAREHOLDERS' FUNDS

(115,749

)

(127,685

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

B M Adcock - Director

1.	STATUTORY INFORMATION

Highgate Veterinary Clinic 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company's liabilities exceeded its assets by £115,749 (2024: £127,685). The company continues to be supported by the director and as such is expected to meet its liabilities as they fall due. The financial statements have been prepared on a going concern basis.

Turnover

Revenue 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

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

Improvements to property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 July 2024

329,925

Additions

4,903

At 30 June 2025

334,828

DEPRECIATION

At 1 July 2024

26,817

Charge for year

39,529

At 30 June 2025

66,346

NET BOOK VALUE

At 30 June 2025

268,482

At 30 June 2024

303,108

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,695

8,596

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,375

15,375

Hire purchase contracts (see note 9)

19,825

19,825

Trade creditors

45,551

35,365

Taxation and social security

27,303

19,272

Other creditors

77,062

87,837

185,116

177,674

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

186,491

196,875

Hire purchase contracts (see note 9)

70,128

90,013

256,619

286,888

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

123,241

133,625

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

19,825

19,825

Between one and five years

70,128

90,013

89,953

109,838

Non-cancellable

operating leases

2025

2024

£

£

Within one year

22,533

18,000

Between one and five years

112,666

72,000

In more than five years

132,590

162,000

267,789

252,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

201,866

212,250

Hire purchase contracts

89,953

109,838

291,819

322,088

Outstanding hire purchase amounts are secured against assets to which they relate.

Bank loans are secured by fixed and floating charge over the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £74,777 (2024 £85,673). The amount is repayable on demand, bears no interest and is disclosed within creditors due in less than one year.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B M Adcock.

14.	DEFERRED TAX ASSET

A deferred tax asset has not been recognised in respect of temporary differences arising in excess of capital allowances. The director considers that, given the uncertainty over the timing of utilisation, it is appropriate to adopt a prudent approach and not recognise the asset at the balance sheet date.

15.	SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Significant judgements

In preparing the financial statements, the director has exercised judgement in assessing whether it is appropriate to prepare the accounts on a going concern basis. This assessment takes into account the company’s financial position at the balance sheet date and the continued financial support from the director.

Judgement has also been applied in determining the recognition of deferred tax balances. In particular, the director has considered whether it is appropriate to recognise a deferred tax asset arising from temporary differences, having regard to the expected timing and uncertainty of future taxable profits.

Key sources of estimation uncertainty

Estimation uncertainty arises in determining the useful economic lives and residual values of the company’s tangible fixed assets for depreciation purposes. These estimates are reviewed annually and changes in assumptions may affect depreciation charges in future periods.

Estimation uncertainty also arises in measuring deferred tax balances, which requires estimating the timing and extent to which temporary differences will reverse. Changes in assumptions, tax legislation or future taxable profits could result in adjustments to deferred tax balances recognised in future periods.