Company registration number 15937178 (England and Wales)
MEDSCHECK SUB 1 PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MEDSCHECK SUB 1 PROPERTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MEDSCHECK SUB 1 PROPERTY LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
327,597
Current assets
Cash at bank and in hand
1,083
Creditors: amounts falling due within one year
4
(54,202)
Net current liabilities
(53,119)
Total assets less current liabilities
274,478
Creditors: amounts falling due after more than one year
5
(281,617)
Net liabilities
(7,139)
Capital and reserves
Called up share capital
1
Profit and loss reserves
(7,140)
Total equity
(7,139)

For the financial period ended 31 August 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 period in question in accordance with section 476.

The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 May 2026
Mr N Amin
Director
Company registration number 15937178 (England and Wales)
MEDSCHECK SUB 1 PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Medscheck Sub 1 Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3-4 133 Brockhurst Road, Gosport, Hampshire, England, PO12 3AX.

1.1
Basis of preparation

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has net current assets of £274,478 and net liabilities of £7,139 Director has confirmed that they will support the company to meet its liabilities and obligations for at least twelve months from the date of approval of these financial statements. For this reason, the director continue to adopt the going concern basis in preparing the financial statements.true

1.3
Revenue

Turnover represents rental income receivable from properties during the year.

1.4
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:

Freehold land and buildings
2% on cost

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.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MEDSCHECK SUB 1 PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
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.

2
Employees

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

2025
Number
Total
1
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 4 September 2024
-
0
Additions
334,283
At 31 August 2025
334,283
Depreciation and impairment
At 4 September 2024
-
0
Depreciation charged in the period
6,686
At 31 August 2025
6,686
Carrying amount
At 31 August 2025
327,597
4
Creditors: amounts falling due within one year
2025
£
Bank loans
18,268
Other creditors
35,934
54,202
MEDSCHECK SUB 1 PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2025
- 4 -
5
Creditors: amounts falling due after more than one year
2025
Notes
£
Bank loans and overdrafts
281,617

The bank loans payable within and after one year are secured by way of fixed and floating charge over the following assets:

1) An all moneys guarantee from Mr N Amin for a principal amount of £90,000 plus interest and other costs as detailed in the guarantee together with such other security as the Bank may from time to time hold in respect of the debts and liabilities of the guarantor to the Bank.

2) An unlimited debenture from Medscheck Sub 1 Property Ltd.

3) An omnibus guarantee and set off agreement among the Bank, Medscheck Ltd, Medscheck Sub 1 Ltd, Medscheck Sub 1 Property Ltd & Brockhurst Road Property Ltd together with such other security as the Bank may from time to time hold in respect of the debts and liabilities of any guarantor to the Bank.

4) A first legal charge from Medscheck Sub 1 Property Ltd over the freehold land and buildings at Tuckers Pharmacy, 61 London Road, Cowplain, Waterlooville, Hampshire, PO8 8UJ.

6
Related party transactions
2025
Amounts due to related parties
£
Entities with common controlling shareholders and directors.
34,325

The above disclosed amount is included within the other creditors due in one year. The loan is unsecured, interest free and repayable on demand.

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