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Registered number: 09807074 LAM PHARMACY & HEALTH LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 OCTOBER 2025
LAM PHARMACY & HEALTH LIMITED REGISTERED NUMBER: 09807074 STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 235,571 |  | 366,260
Tangible assets | 6 |  | 113,633 |  | 122,363
|  |  | 349,204 |  | 488,623
Current assets |  |  |  |  |
Stocks |  | 79,206 |  | 86,702 |
Debtors: amounts falling due within one year | 7 | 157,034 |  | 181,061 |
Cash at bank and in hand |  | 159,682 |  | 92,639 |
|  | 395,922 |  | 360,402 |
Creditors: amounts falling due within one year | 8 | (297,611) |  | (317,987) |
Net current assets |  |  | 98,311 |  | 42,415
Total assets less current liabilities |  |  | 447,515 |  | 531,038
Creditors: amounts falling due after more than one year | 9 |  | (585,356) |  | (635,509)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (459) |  | (1,989) |
|  |  | (459) |  | (1,989)
Net liabilities |  |  | (138,300) |  | (106,460)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (138,400) |  | (106,560)
|  |  | (138,300) |  | (106,460)
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LAM PHARMACY & HEALTH LIMITED REGISTERED NUMBER: 09807074 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 OCTOBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2026.
Mr Sai-Wen Lam
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. | General information
Lam Pharmacy & Health Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 09807074. The address of the registered office is situated at Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholder. The shareholder of the company has sufficient resources to finance the company as and when the need arises. The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholder to ensure that the company will continue in operational existence for the foreseeable future.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: Page 3
LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue (continued)
∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.5 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance/straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straight line
|  |  |  | Fixtures, fittings & equipment | - | 20% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 11 | 13
4. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 33,132 | 30,820
|  | 33,132 | 30,820
| Total current tax | 33,132 | 30,820
| Deferred tax |  |
| Origination and reversal of timing differences | (1,532) | (608)
| Total deferred tax | (1,532) | (608)
|  | 31,600 | 30,212
| Factors affecting tax charge for the year
| There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% (2024 - 25%).
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 6
LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
5. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 November 2024 | 1,306,886
| At 31 October 2025 | 1,306,886
| Amortisation |
| At 1 November 2024 | 940,626
| Charge for the year on owned assets | 130,689
| At 31 October 2025 | 1,071,315
| Net book value |
| At 31 October 2025 | 235,571
| At 31 October 2024 | 366,260
Page 7
LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
6. | Tangible fixed assets
|  | Freehold property | Fixtures, fittings & equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 November 2024 | 130,000 | 93,594 | 223,594
| Additions | - | 3,368 | 3,368
| At 31 October 2025 | 130,000 | 96,962 | 226,962
| Depreciation |  |  |
| At 1 November 2024 | 15,600 | 85,632 | 101,232
| Charge for the year on owned assets | 2,600 | 9,497 | 12,097
| At 31 October 2025 | 18,200 | 95,129 | 113,329
| Net book value |  |  |
| At 31 October 2025 | 111,800 | 1,833 | 113,633
| At 31 October 2024 | 114,400 | 7,963 | 122,363
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 138,748 | 158,779
| VAT repayable | 12,538 | 19,342
| Prepayments | 5,748 | 2,940
|  | 157,034 | 181,061
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LAM PHARMACY & HEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 71,121 | 99,538
| Trade creditors | 188,471 | 182,417
| Corporation tax payable | 33,101 | 30,820
| Other taxation and social security | 4,057 | 4,224
| Pension payable | 861 | 988
|  | 297,611 | 317,987
| Bank loan of £65,227 (2024 - £89,128) secured by a fixed and floating charge over the assets of the company. Bank loan of £5,894 (2024 - £10,410) is unsecured bounce back loan received by the company.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 275,934 | 326,328
| Directors' loan account | 309,422 | 309,181
|  | 585,356 | 635,509
| Bank loan of £275,934 (2024 - £317,260) secured by a fixed and floating charge over the assets of the company. Bank loan of £Nil (2024 - £9,068) is unsecured bounce back loan received by the company.
10. | Controlling party
The company is under the control of the directors, Mr Sai-Wen Lam (50% share) and his spouse Mrs Fung Ling Lam (50% share), by virtue of the fact that between them they own the entire issued share capital of the company.
Page 9