REGISTERED NUMBER: SC335994 (Scotland)

Jonathan Turnbull Limited

Unaudited Financial Statements

for the Period 1 March 2024 to 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr S Zita

SECRETARY:

Dr S Zita

REGISTERED OFFICE:

4 Howard Place

Edinburgh

EH3 5JZ

REGISTERED NUMBER:

SC335994 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland PLC

8 Lochside Avenue

Edinburgh

EH12 9DJ

FIXED ASSETS

Intangible assets

4

2,115

2,769

Tangible assets

5

19,343

37,844

21,458

40,613

CURRENT ASSETS

Stocks

7,667

7,644

Debtors

6

6,992

5,959

Cash at bank

68,366

72,830

83,025

86,433

CREDITORS

Amounts falling due within one year

7

32,635

42,953

NET CURRENT ASSETS

50,390

43,480

TOTAL ASSETS LESS CURRENT LIABILITIES

71,848

84,093

CREDITORS

Amounts falling due after more than one year

8

-

(11,501

)

PROVISIONS FOR LIABILITIES

(5,229

)

(9,049

)

NET ASSETS

66,619

63,543

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

66,519

63,443

SHAREHOLDERS' FUNDS

66,619

63,543

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

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

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 27 April 2026 and were signed by:

Dr S Zita - Director

1.	STATUTORY INFORMATION

Jonathan Turnbull Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover and revenue recognition

Turnover represents the provision of dental services. Revenue is recognised when the service has been provided to the the patient.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.

Website are being amortised evenly over their 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are repayable on demand.

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2024

and 31 July 2025

120,000

4,615

124,615

AMORTISATION

At 1 March 2024

120,000

1,846

121,846

Charge for period

-

654

654

At 31 July 2025

120,000

2,500

122,500

NET BOOK VALUE

At 31 July 2025

-

2,115

2,115

At 29 February 2024

-

2,769

2,769

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 31 July 2025

118,212

DEPRECIATION

At 1 March 2024

80,368

Charge for period

18,501

At 31 July 2025

98,869

NET BOOK VALUE

At 31 July 2025

19,343

At 29 February 2024

37,844

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2024

26,542

Transfer to ownership

(26,542

)

At 31 July 2025

-

DEPRECIATION

At 1 March 2024

13,271

Transfer to ownership

(13,271

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 29 February 2024

13,271

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,674

5,959

Other debtors

1,318

-

6,992

5,959

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

5,309

Trade creditors

151

4,823

Taxation and social security

27,731

26,747

Other creditors

4,753

6,074

32,635

42,953

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

11,501

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

5,309

Between one and five years

-

11,501

-

16,810

Non-cancellable

operating leases

2025

2024

£

£

Within one year

26,400

-

Between one and five years

85,800

-

112,200

-

10.	ULTIMATE CONTROLLING PARTY

Howard Place Practice Ltd (SC816102), is the company's ultimate parent company.

11.	SECURITY OVER ASSETS

Bank of Scotland PLC hold a floating charge over the assets of the company as security for borrowings of its parent company, Howard Place Practice Ltd.