Company registration number 15717785 (England and Wales)
The Storrar Practice Limited
Unaudited Financial Statements
For the period ended 30 June 2025
The Storrar Practice Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
The Storrar Practice Limited
Balance sheet
As at 30 June 2025
30 June 2025
- 1 -
2025
Notes
£
£
Fixed assets
Intangible assets
3
2,835,000
Tangible assets
4
256,546
3,091,546
Current assets
Stocks
78,543
Debtors
5
83,542
Cash at bank and in hand
475,512
637,597
Creditors: amounts falling due within one year
6
(3,510,423)
Net current liabilities
(2,872,826)
Net assets
218,720
Capital and reserves
Called up share capital
100
Profit and loss reserves
218,620
Total equity
218,720

For the financial period ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 February 2026
Mr J O Storrar
Director
Company registration number 15717785 (England and Wales)
The Storrar Practice Limited
Statement of changes in equity
For the period ended 30 June 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 30 June 2025:
Profit and total comprehensive income
-
218,620
218,620
Issue of share capital
100
-
100
Balance at 30 June 2025
100
218,620
218,720
The Storrar Practice Limited
Notes to the financial statements
For the period ended 30 June 2025
- 3 -
1
Accounting policies
Company information

The Storrar Practice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Nantwich, Cheshire, CW5 6PF.

1.1
Reporting period

These financial statements cover the period from incorporation on 13 May 2024 to 30 June 2025, and are the first financial statements the company has prepared. As such, there are no comparative figures.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Going concern

At the b alance s heet date the company had net current liabilities of £2,872,826. The going concern basis of preparation has been adopted due to the continued financial support of the director.

1.4
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The Storrar Practice Limited
Notes to the financial statements (continued)
For the period ended 30 June 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant and equipment
25% straight line
Fixtures and fittings
25% straight line
IT equipment
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Taxation

The tax expense represents tax currently payab le.

The Storrar Practice Limited
Notes to the financial statements (continued)
For the period ended 30 June 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
8
3
Intangible fixed assets
Goodwill
£
Cost
At 13 May 2024
-
0
Additions
3,150,000
At 30 June 2025
3,150,000
Amortisation and impairment
At 13 May 2024
-
0
Amortisation charged for the period
315,000
At 30 June 2025
315,000
Carrying amount
At 30 June 2025
2,835,000
The Storrar Practice Limited
Notes to the financial statements (continued)
For the period ended 30 June 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 13 May 2024
-
0
-
0
-
0
Additions
250,000
14,482
264,482
At 30 June 2025
250,000
14,482
264,482
Depreciation and impairment
At 13 May 2024
-
0
-
0
-
0
Depreciation charged in the period
5,000
2,936
7,936
At 30 June 2025
5,000
2,936
7,936
Carrying amount
At 30 June 2025
245,000
11,546
256,546
5
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
75,732
Other debtors
7,810
83,542
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
65,188
Taxation and social security
245,473
Other creditors
3,199,762
3,510,423

Other creditors include amounts owed to the director and close family members of the director of £3,194,741.

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