REGISTERED NUMBER: 09385645 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

STOURCOTE DENTAL PRACTICE LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

991,290

1,246,290

Tangible assets

5

9,184

15,307

1,000,474

1,261,597

CURRENT ASSETS

Stocks

18,900

19,225

Debtors

6

686,659

643,713

Cash at bank and in hand

92,855

75,371

798,414

738,309

CREDITORS

Amounts falling due within one year

7

223,420

114,217

NET CURRENT ASSETS

574,994

624,092

TOTAL ASSETS LESS CURRENT LIABILITIES

1,575,468

1,885,689

CREDITORS

Amounts falling due after more than one year

8

(1,803,918

)

(1,719,733

)

PROVISIONS FOR LIABILITIES

(4,649

)

(4,649

)

ACCRUALS AND DEFERRED INCOME

(600

)

(600

)

NET (LIABILITIES)/ASSETS

(233,699

)

160,707

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

1,045,481

1,045,481

Retained earnings

(1,279,280

)

(884,874

)

(233,699

)

160,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 March 2026 and were signed on its behalf by:

Karprit Singh Virdee - Director

1.	STATUTORY INFORMATION

Stourcote Dental Practice Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09385645

Registered office:

52 Duck Lane

Wolverhampton

West Midlands

WV8 1HF

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Goodwill

Goodwill represents the excess of cost of equitation of unincorporated business over fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured as cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Intangible assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated depreciation.

Depreciation is recognised as to write off the cost or valuation of the asset over their useful lives on the following basis

Website & brand development - Not depreciated

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

2,550,000

28,545

2,578,545

AMORTISATION

At 1 July 2024

1,332,255

-

1,332,255

Charge for year

255,000

-

255,000

At 30 June 2025

1,587,255

-

1,587,255

NET BOOK VALUE

At 30 June 2025

962,745

28,545

991,290

At 30 June 2024

1,217,745

28,545

1,246,290

5.	TANGIBLE FIXED ASSETS

Tangible assets (fixture & fittings and computer equipment) are depreciated at 15% reducing balance

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Stourcote Property Company Ltd

126,644

119,030

Springhill Property Co. Ltd

-

16,470

Other debtors

557,965

504,863

684,609

640,363

Amounts falling due after more than one year:

Other debtors

2,050

3,350

Aggregate amounts

686,659

643,713

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2

-

Trade creditors

35,470

25,826

Other creditors

187,948

88,391

223,420

114,217

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

667,666

687,981

Taxation and social security

69,280

20,550

Other creditors

1,066,972

1,011,202

1,803,918

1,719,733

Amounts falling due in more than five years:

Repayable by instalments

Barclays Loan

667,666

687,981

9.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

1,045,481

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director loan account balance was a creditor of £145,397 (£114680 in 2024)

11.	ULTIMATE CONTROLLING PARTIES

The ultimate controlling party is the shareholders.