REGISTERED NUMBER: 08250153 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Regency Dental Practice (Cheltenham) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Dr C D Barley

Dr A G Barley

REGISTERED OFFICE:

41 Sydenham Villas Road

Cheltenham

GL52 6EE

REGISTERED NUMBER:

08250153 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

130 High Street

Cheltenham

GL50 1EW

FIXED ASSETS

Intangible assets

4

-

40,308

Tangible assets

5

249,137

202,333

249,137

242,641

CURRENT ASSETS

Stocks

5,175

5,175

Debtors

6

140,503

179,123

Cash at bank and in hand

179,900

138,348

325,578

322,646

CREDITORS

Amounts falling due within one year

7

163,775

132,352

NET CURRENT ASSETS

161,803

190,294

TOTAL ASSETS LESS CURRENT LIABILITIES

410,940

432,935

CREDITORS

Amounts falling due after more than one year

8

(333,048

)

(380,963

)

PROVISIONS FOR LIABILITIES

(62,284

)

(50,583

)

NET ASSETS

15,608

1,389

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

15,508

1,289

SHAREHOLDERS' FUNDS

15,608

1,389

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 April 2026 and were signed on its behalf by:

Dr C D Barley - Director

1.	STATUTORY INFORMATION

Regency Dental Practice (Cheltenham) Ltd 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 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill being the amount paid in connection with the acquisition of the business in 2013 and 2015 is being amortised evenly over its estimated useful life of 10 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 January 2025

and 31 December 2025

795,607

Amortisation

At 1 January 2025

755,299

Charge for year

40,308

At 31 December 2025

795,607

Net book value

At 31 December 2025

-

At 31 December 2024

40,308

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 January 2025

329,610

-

53,069

382,679

Additions

55,692

30,450

18,009

104,151

Disposals

(5,083

)

-

(2,859

)

(7,942

)

At 31 December 2025

380,219

30,450

68,219

478,888

Depreciation

At 1 January 2025

160,488

-

19,858

180,346

Charge for year

42,570

3,553

9,045

55,168

Eliminated on disposal

(3,630

)

-

(2,133

)

(5,763

)

At 31 December 2025

199,428

3,553

26,770

229,751

Net book value

At 31 December 2025

180,791

26,897

41,449

249,137

At 31 December 2024

169,122

-

33,211

202,333

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

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 January 2025

94,707

-

94,707

Additions

-

30,450

30,450

Transfer to ownership

(7,632

)

-

(7,632

)

At 31 December 2025

87,075

30,450

117,525

Depreciation

At 1 January 2025

28,840

-

28,840

Charge for year

13,174

3,553

16,727

Transfer to ownership

(2,748

)

-

(2,748

)

At 31 December 2025

39,266

3,553

42,819

Net book value

At 31 December 2025

47,809

26,897

74,706

At 31 December 2024

65,867

-

65,867

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

20,554

2,868

Other debtors

119,949

176,255

140,503

179,123

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

54,782

58,126

Hire purchase contracts (see note 9)

18,214

20,584

Trade creditors

8,897

6,214

Taxation and social security

43,240

29,607

Other creditors

38,642

17,821

163,775

132,352

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

279,315

334,097

Hire purchase contracts (see note 9)

53,733

46,866

333,048

380,963

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

48,908

111,025

Hire purchase

1,835

9,176

50,743

120,201

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Net obligations repayable:

Within one year

18,214

20,584

Between one and five years

51,898

37,690

In more than five years

1,835

9,176

71,947

67,450

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

45,800

45,800

Between one and five years

183,200

183,200

In more than five years

152,667

198,467

381,667

427,467

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/25

31/12/24

£

£

Bank loans

329,930

378,055

The bank loans are secured by fixed and floating charges over the leasehold property and assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31/12/25

31/12/24

£

£

Dr C D Barley

Balance outstanding at start of year

95,597

190,455

Amounts advanced

120,026

122,942

Amounts repaid

(137,350

)

(217,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

78,273

95,597

The above loan to the director has no fixed repayment terms. Interest totalling £2,921 (2024 - £3,218) has been charged during the year at the HMRC official rate of interest.

12.	RELATED PARTY DISCLOSURES

CASO Property Ltd

A company controlled by the directors

The company leases a property from CASO Property Ltd. During the year rent of £60,000 (2024 - £42,247) was charged.