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REGISTERED NUMBER: 07254928 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

HILLS' VETERINARY PRACTICE LIMITED

HILLS' VETERINARY PRACTICE LIMITED (REGISTERED NUMBER: 07254928) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HILLS' VETERINARY PRACTICE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTOR: | Fiona Hill

| REGISTERED OFFICE: | C/O Simmons Gainsford

| 14th Floor

| 33 Cavendish Square

| London

| W1F 0PW

| REGISTERED NUMBER: | 07254928 (England and Wales)

| ACCOUNTANTS: | Simmons Gainsford Professional Services Limited

| 14th Floor

| 33 Cavendish Square

| London

| W1G 0PW

HILLS' VETERINARY PRACTICE LIMITED (REGISTERED NUMBER: 07254928) |

BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 294,073 |  | 149,053 |  |

294,073 |  | 149,053 |  |

CURRENT ASSETS

Stocks | 29,349 |  | 46,363 |  |

Debtors | 6 | 49,140 |  | 50,397 |  |

Investments | 7 | 204,872 |  | 415,601 |  |

Cash at bank and in hand | 785,459 |  | 471,385 |  |

1,068,820 |  | 983,746 |  |

CREDITORS

Amounts falling due within one year | 8 | 320,038 |  | 205,140 |  |

NET CURRENT ASSETS | 748,782 |  | 778,606 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,042,855 |  | 927,659 |  |

PROVISIONS FOR LIABILITIES | 19,061 |  | 24,451 |  |

NET ASSETS | 1,023,794 |  | 903,208 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,023,694 |  | 903,108 |  |

SHAREHOLDERS' FUNDS | 1,023,794 |  | 903,208 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

HILLS' VETERINARY PRACTICE LIMITED (REGISTERED NUMBER: 07254928) |

BALANCE SHEET - continued

31 MAY 2025

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 director and authorised for issue on 20 January 2026 and were signed by:

Fiona Hill - Director

HILLS' VETERINARY PRACTICE LIMITED (REGISTERED NUMBER: 07254928) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Hills' Veterinary Practice 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents net invoiced sales of goods and services, excluding value added tax.

| Intangible fixed assets

| Goodwill and other intangible fixed assets, which were purchased in connection with the acquisition of a business in 2010, were amortised evenly over their estimated useful lives of seven 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 & machinery |  | 20% on reducing balance |  |

| Computer equipment |  | 25% on reducing balance |  |

| Fixtures & fittings |  | 25% on reducing balance |  |

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements 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 and liabilities classified as receivable or payable within one year are not amortised.

| 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.

| Pension contributions

| Pension contributions are charged to the profit and loss account as and when incurred.

HILLS' VETERINARY PRACTICE LIMITED (REGISTERED NUMBER: 07254928) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Listed investments

| The listed investments are measured at fair value, with changes in fair value recognised in the income statement.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 27 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents |

| and |

| Goodwill |  | licences |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 865,868 |  | 500 |  | 866,368 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 865,868 |  | 500 |  | 866,368 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  | - |  | - |  |

| At 31 May 2024 | - |  | - |  | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 June 2024 | 439,081 |  |

| Additions | 170,177 |  |

| At 31 May 2025 | 609,258 |  |

| DEPRECIATION

| At 1 June 2024 | 290,028 |  |

| Charge for year | 25,157 |  |

| At 31 May 2025 | 315,185 |  |

| NET BOOK VALUE

| At 31 May 2025 | 294,073 |  |

| At 31 May 2024 | 149,053 |  |

HILLS' VETERINARY PRACTICE LIMITED (REGISTERED NUMBER: 07254928) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 42,940 |  | 37,235 |  |

| Other debtors | 6,200 |  | 13,162 |  |

49,140 |  | 50,397 |  |

7. | CURRENT ASSET INVESTMENTS

| 31.5.25 |  | 31.5.24

£ | £ |

| Listed investments | 204,872 |  | 415,601 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade creditors | 165,481 |  | 66,307 |  |

| Taxation and social security | 133,912 |  | 124,798 |  |

| Other creditors | 20,645 |  | 14,035 |  |

320,038 |  | 205,140 |  |

9. | FINANCIAL COMMITMENTS

| At the balance sheet date, the company was committed to payments of £3,668 (2023: £12,473) for the hire of medical equipment under a lease expiring on 31 October 2025, of which £3,668 (2024: £8,804) was due within one year. The company was also committed to payments of £1,800 (2024: £2,400) for the hire of medical equipment under a lease expiring on 31 May 2029, of which £600 (2024: £600) was due within one year.