RG Hearing Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08171119

RG Hearing Care Limited

Filleted Unaudited Financial Statements

31 August 2025

RG Hearing Care Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6	16,535	5,563
Investments	7	557,440	444,523
		---------	---------
		573,975	450,086

Current assets

Debtors	8	2,703	1,843
Cash at bank and in hand		121,206	121,949
		---------	---------
		123,909	123,792

Creditors: amounts falling due within one year	9	117,887		295,317
		---------		---------
Net current assets/(liabilities)			6,022	( 171,525)
			---------	---------
Total assets less current liabilities			579,997	278,561

Creditors: amounts falling due after more than one year	10	279,000	9,167
		---------	---------
Net assets		300,997	269,394
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	300,995	269,392
	---------	---------
Shareholders funds	300,997	269,394
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RG Hearing Care Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 31 May 2026 , and are signed on behalf of the board by:

Mr R Gale
Director

Company registration number: 08171119

RG Hearing Care Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bridge Street, Newport, NP20 4SF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and the figures therein are rounded to the nearest whole pound. The principal activity of the company during the year was audiology and hearing aid services. In future years, principle activities will also include the letting of investment property.

Going concern

The Director considers that the company remains a going concern having regard to the financial support provided and future predicted cash flow and profitability.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% p.a. straight line
Equipment	-	33% p.a. straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	50,614	51,806

Deferred tax:

Origination and reversal of timing differences	2,895	( 1,145)
	--------	--------
Tax on profit	53,509	50,661
	--------	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	31,765	10,557	42,322
	--------	--------	--------
Depreciation
At 1 September 2024	8,877	9,107	17,984
Charge for the year	6,353	1,450	7,803
	--------	--------	--------
At 31 August 2025	15,230	10,557	25,787
	--------	--------	--------
Carrying amount
At 31 August 2025	16,535	–	16,535
	--------	--------	--------
At 31 August 2024	22,888	1,450	24,338
	--------	--------	--------

7. Investments

	Investment Property
	£
Cost
At 1 September 2024	446,190
Additions	111,250
	---------
At 31 August 2025	557,440
	---------
Impairment
At 1 September 2024 and 31 August 2025	–
	---------

Carrying amount
At 31 August 2025	557,440
	---------
At 31 August 2024	446,190
	---------

In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as follows:

Net book value as at 31 August 2024 £451,551 (2024: £444,523)

Historical cost as at 31 August 2024 £451,551 (2024: £444,523)

A valuation of the investment property was undertaken by the director as at 31 August 2024.

Investment property additions and transfers from Tangible Assets in the year includes set up and purchasing costs of property purchased during the year. The building is currently undergoing refurbishment works.

8. Debtors

	2025	2024
	£	£
Trade debtors	736	465
Other debtors	1,967	1,378
	-------	-------
	2,703	1,843
	-------	-------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	21,167	214,164
Trade creditors	30,607	22,611
Corporation tax	50,614	51,806
Social security and other taxes	–	4,299
Other creditors	15,499	2,437
	---------	---------
	117,887	295,317
	---------	---------

On 19 July 2024 the company entered into a mortgage charge deposit agreement as security for monies due to SPF Bridging Ltd. As at 31 August 2025, the secured amount totalled £279,627 (2024: £204,164)

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	279,000	9,167
	---------	-------

11. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Gale	( 172)	132,638	( 145,937)	( 13,471)
	----	---------	---------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr R Gale	( 168)	131,811	( 131,815)	( 172)
	----	---------	---------	----

12. Related party transactions

The company was under the control of Mr R Gale throughout the current year. Mr R Gale is the managing director. As at 31 August 2025 the company owed the director £12,847 at the year end (2024: £172). During the year the company paid dividends to the shareholders of £112,000 (2024: £113,000).