REGISTERED NUMBER: 08399962 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Honddu Veterinary Practice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H L Jones

E A Davies

H M Jones

REGISTERED OFFICE:

21 Gold Tops

Newport

South Wales

NP20 4PG

REGISTERED NUMBER:

08399962 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

5

991,623

999,476

Investments

6

10,000

10,000

1,001,623

1,009,476

CURRENT ASSETS

Stocks

70,107

54,525

Debtors

7

363,419

329,608

Cash at bank and in hand

1,076,295

435,397

1,509,821

819,530

CREDITORS

Amounts falling due within one year

8

2,079,126

1,292,134

NET CURRENT LIABILITIES

(569,305

)

(472,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

432,318

536,872

CREDITORS

Amounts falling due after more than one year

9

(2,974

)

(12,614

)

PROVISIONS FOR LIABILITIES

(162,740

)

(154,522

)

NET ASSETS

266,604

369,736

CAPITAL AND RESERVES

Called up share capital

10

102

102

Retained earnings

266,502

369,634

SHAREHOLDERS' FUNDS

266,604

369,736

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

E A Davies - Director

H L Jones - Director

H M Jones - Director

1.	STATUTORY INFORMATION

Honddu Veterinary Practice Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 08399962, the address of its registered office is 21 Gold Tops, Newport, South Wales, NP20 4PG.

The nature of the company's operations and principal activity is veterinary services.

These financial statements are the company's separate financial statements, covering the year to 31 May 2025 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

2.	STATEMENT OF COMPLIANCE

The individual financial statements of Honddu Veterinary Practice Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods and services have been transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Short leasehold - over the period of the lease

Plant and machinery - 15% on cost

Fixtures and fittings - 15% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

934,402

226,909

81,856

50,119

1,293,286

Additions

438,735

10,832

2,015

10,000

461,582

Disposals

(32,299

)

-

-

-

(32,299

)

At 31 May 2025

1,340,838

237,741

83,871

60,119

1,722,569

DEPRECIATION

At 1 June 2024

90,627

118,737

61,597

22,849

293,810

Charge for year

417,695

23,132

4,996

9,391

455,214

Eliminated on disposal

(18,078

)

-

-

-

(18,078

)

At 31 May 2025

490,244

141,869

66,593

32,240

730,946

NET BOOK VALUE

At 31 May 2025

850,594

95,872

17,278

27,879

991,623

At 31 May 2024

843,775

108,172

20,259

27,270

999,476

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2024

and 31 May 2025

10,000

NET BOOK VALUE

At 31 May 2025

10,000

At 31 May 2024

10,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

251,099

252,468

Other debtors

112,320

77,140

363,419

329,608

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

221,743

71,669

Amounts owed to group undertakings

1,340,214

974,220

Taxation and social security

425,530

147,290

Other creditors

81,639

88,955

2,079,126

1,292,134

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

2,974

12,614

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

51

Ordinary A

£1

51

51

51

Ordinary B

£1

51

51

102

102

11.	RELATED PARTY DISCLOSURES

At the year end, included in creditors is the sum of £2,536 (2024: £30,462) owed to owners holding a participating interest. There is no fixed repayment date on these outstanding amounts and no interest has been charged.

Included in expenditure is £6,500 paid to a company, the owner of which also owns a participating interest in the company under review.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent companies are MFD Investments Limited, HL Jones Investments Limited and H M Jones Investments Limited which are all companies registered in England and Wales and whose registered office is 21 Gold Tops, Newport, NP20 4PG.

The interim parent company is Honddu Veterinary Group Limited, a company registered in England and Wales and whose registered office is 21 Gold Tops, Newport, United Kingdom, NP20 4PG.