Company registration number 11251485 (England and Wales)
PADDINGTON STREET PRACTICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PADDINGTON STREET PRACTICE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PADDINGTON STREET PRACTICE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
17,419
-
0
Cash at bank and in hand
37
37
17,456
37
Creditors: amounts falling due within one year
4
(25,848)
(5,096)
Net current liabilities
(8,392)
(5,059)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(8,492)
(5,159)
Total equity
(8,392)
(5,059)

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

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 30 April 2026 and are signed on its behalf by:
Dr Y Anaboussi De Santiago
Director
Company registration number 11251485 (England and Wales)
PADDINGTON STREET PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Paddington Street Practice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 36-38 Cornhill, London, England, EC3V 3ND.

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
Going concern

A true t the time of approving the financial statements, despite the year end net liability position, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future based on support of the other group members. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Cash and cash equivalents

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

1.4
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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PADDINGTON STREET PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, 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.

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.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
17,419
-
0
4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
2,963
-
0
Other creditors
770
770
Accruals and deferred income
22,115
4,326
25,848
5,096
PADDINGTON STREET PRACTICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
5
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
170,625
170,833
2025-09-30 2024-10-01 false false false 01 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Dr Y Anaboussi De Santiago Ms CE Bridgeman Ms Vijaya Lakshmi Tikkisetti Rao 11251485 2024-10-01 2025-09-30 11251485 2025-09-30 11251485 2024-09-30 11251485 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 11251485 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 11251485 core:ShareCapital 2025-09-30 11251485 core:ShareCapital 2024-09-30 11251485 core:RetainedEarningsAccumulatedLosses 2025-09-30 11251485 core:RetainedEarningsAccumulatedLosses 2024-09-30 11251485 bus:Director1 2024-10-01 2025-09-30 11251485 2023-10-01 2024-09-30 11251485 core:CurrentFinancialInstruments 2025-09-30 11251485 core:CurrentFinancialInstruments 2024-09-30 11251485 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 11251485 bus:FRS102 2024-10-01 2025-09-30 11251485 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 11251485 bus:Director2 2024-10-01 2025-09-30 11251485 bus:Director3 2024-10-01 2025-09-30 11251485 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 11251485 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP