Company registration number 07371657 (England and Wales)
THE HIP & KNEE CLINIC LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
THE HIP & KNEE CLINIC LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE HIP & KNEE CLINIC LIMITED
BALANCE SHEET
AS AT 5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
48,238
60,746
Current assets
Debtors
4
58,631
30,487
Cash at bank and in hand
527,717
370,123
586,348
400,610
Creditors: amounts falling due within one year
5
(131,721)
(147,832)
Net current assets
454,627
252,778
Total assets less current liabilities
502,865
313,524
Creditors: amounts falling due after more than one year
6
(35,230)
-
0
Provisions for liabilities
(12,059)
(15,186)
Net assets
455,576
298,338
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
455,476
298,238
Total equity
455,576
298,338

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

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

THE HIP & KNEE CLINIC LIMITED
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2025
05 April 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
Mr J P Whittaker
Director
Company Registration No. 07371657
THE HIP & KNEE CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 3 -
1
Accounting policies
Company information

The Hip & Knee Clinic Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

1.1
Accounting convention

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. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents medical fee income at invoice value. Turnover is recognised at the time the service is provided.

1.3
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.

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:

Fixtures and fittings
25% Straight Line
Equipment
25% Straight Line
Motor vehicles
20% 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.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

THE HIP & KNEE CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
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 year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
Equipment
Motor vehicles
Total
£
£
£
£
Cost
At 6 April 2024
1,798
9,210
112,321
123,329
Additions
-
0
195
-
0
195
At 5 April 2025
1,798
9,405
112,321
123,524
Depreciation and impairment
At 6 April 2024
1,186
6,585
54,812
62,583
Depreciation charged in the year
203
998
11,502
12,703
At 5 April 2025
1,389
7,583
66,314
75,286
Carrying amount
At 5 April 2025
409
1,822
46,007
48,238
At 5 April 2024
612
2,625
57,509
60,746
THE HIP & KNEE CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
21,809
12,010
Other debtors
34,084
17,504
Prepayments and accrued income
2,738
973
58,631
30,487
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
12,872
60,970
Trade creditors
7,389
11,137
Corporation tax
91,986
63,931
Other taxation and social security
304
304
Accruals and deferred income
19,170
11,490
131,721
147,832

The above obligations under finance leases are secured by the company.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases
35,230
-
0

The above obligations under finance leases are secured by the company.

7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
100
100
THE HIP & KNEE CLINIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 6 -
8
Related Party Transactions

The company is a founder member of Oswestry Orthopaedics LLP. The company's share of profits of the LLP for the year to 31 March 2025 was £527 (2024 - £6,154). An amount of £2,527 was due from the LLP at 5 April 2025 (2024 - £6,154).

Included in other debtors at 5 April 2025 is £30,329 which was due to the company from Mr J P Whittaker and Mrs A J Whittaker in respect of their overdrawn balance on their joint directors' current account with the company. The maximum outstanding during the year was £32,679. Interest has been charged on the overdrawn balance at a rate of 2.25%, amounting to £464 for the year. This overdrawn balance has been cleared since 5 April 2025, via offset from dividends voted by the company to Mr J P Whittaker and Mrs A J Whittaker.

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