REGISTERED NUMBER: 12891935 (England and Wales)

THE DUKE PRACTICE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Dr O L Duke

Mrs R Duke

REGISTERED OFFICE:

4 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

REGISTERED NUMBER:

12891935 (England and Wales)

ACCOUNTANTS:

Marsh Accounting Limited

Chartered Accountants

4 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Duke Practice Ltd for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Duke Practice Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Duke Practice Ltd and state those matters that we have agreed to state to the Board of Directors of The Duke Practice Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Duke Practice Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Duke Practice Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Duke Practice Ltd. You consider that The Duke Practice Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Duke Practice Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Marsh Accounting Limited

Chartered Accountants

4 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

Date: .............................................

FIXED ASSETS

Intangible assets

4

3,780

-

Tangible assets

5

3,167

3,631

Investments

6

433,952

553,855

440,899

557,486

CURRENT ASSETS

Debtors

7

27,871

37,990

Cash at bank

123,236

145,812

151,107

183,802

CREDITORS

Amounts falling due within one year

8

55,296

51,157

NET CURRENT ASSETS

95,811

132,645

TOTAL ASSETS LESS CURRENT LIABILITIES

536,710

690,131

PROVISIONS FOR LIABILITIES

1,841

963

NET ASSETS

534,869

689,168

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

534,669

688,968

534,869

689,168

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 January 2026 and were signed on its behalf by:

Dr O L Duke - Director

1.	STATUTORY INFORMATION

The Duke Practice Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

-

Straight line over 3 years

Fixtures and fittings

-

25% on cost

Computer equipment

-

Straight line over 3 years

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

4,200

At 30 September 2025

4,200

AMORTISATION

Charge for year

420

At 30 September 2025

420

NET BOOK VALUE

At 30 September 2025

3,780

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2024

4,368

8,946

2,773

16,087

Additions

-

776

-

776

At 30 September 2025

4,368

9,722

2,773

16,863

DEPRECIATION

At 1 October 2024

4,368

5,495

2,593

12,456

Charge for year

-

1,060

180

1,240

At 30 September 2025

4,368

6,555

2,773

13,696

NET BOOK VALUE

At 30 September 2025

-

3,167

-

3,167

At 30 September 2024

-

3,451

180

3,631

6.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 October 2024

553,855

Disposals

(165,000

)

Revaluations

45,097

At 30 September 2025

433,952

NET BOOK VALUE

At 30 September 2025

433,952

At 30 September 2024

553,855

Cost or valuation at 30 September 2025 is represented by:

Listed

investments

£

Valuation in 2022

(47,501

)

Valuation in 2023

28,154

Valuation in 2024

73,202

Valuation in 2025

(119,903

)

Cost

500,000

433,952

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,438

10,235

Amounts recoverable on contracts

6,995

9,645

Other debtors

8,438

18,110

27,871

37,990

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,236

9,330

Taxation and social security

36,002

36,135

Other creditors

14,058

5,692

55,296

51,157

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

Dr O L Duke and Mrs R Duke

Balance outstanding at start of year

11,768

(1,487

)

Amounts advanced

319,665

285,318

Amounts repaid

(331,775

)

(272,063

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(342

)

11,768

At the year end, the balance due to Dr O Duke and Mrs R Duke was £342.