REGISTERED NUMBER: 11066998 (England and Wales)

PH Orthopaedics Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Holland

REGISTERED OFFICE:

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

REGISTERED NUMBER:

11066998 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Tangible assets

4

1,230

1,948

Investments

5

1,500

1,500

2,730

3,448

CURRENT ASSETS

Debtors

6

15,166

10,409

Cash at bank

146,588

142,289

161,754

152,698

CREDITORS

Amounts falling due within one year

7

19,555

25,896

NET CURRENT ASSETS

142,199

126,802

TOTAL ASSETS LESS CURRENT LIABILITIES

144,929

130,250

PROVISIONS FOR LIABILITIES

8

308

487

NET ASSETS

144,621

129,763

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

144,521

129,663

SHAREHOLDERS' FUNDS

144,621

129,763

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 director acknowledges his 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 by the director and authorised for issue on 20 May 2026 and were signed by:

P Holland - Director

1.	STATUTORY INFORMATION

PH Orthopaedics Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Fixed asset investments

Investments in non-quoted entities are stated at the lower of cost and recoverable amounts due to the nature of the investment as such investments are not held for re-sale in the short or medium term. Any income, profits or losses arising from the investments are recognised on an accruals basis when company becomes legally entitled to them.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

5,369

Disposals

(729

)

At 31 December 2025

4,640

DEPRECIATION

At 1 January 2025

3,421

Charge for year

410

Eliminated on disposal

(421

)

At 31 December 2025

3,410

NET BOOK VALUE

At 31 December 2025

1,230

At 31 December 2024

1,948

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

1,500

NET BOOK VALUE

At 31 December 2025

1,500

At 31 December 2024

1,500

The fixed asset investment represents a capital share of Cleveland Medical Services LLP, a limited liability partnership registered in England and Wales and which was incorporated in June 2020. This partnership specialises in arranging Orthopaedic medical care in the north of England. The value of the capital share is a minority share only.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,195

8,095

Prepayments

2,971

2,314

15,166

10,409

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

5,957

11,147

Other creditors

13,598

14,749

19,555

25,896

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

308

487

Deferred tax

£

Balance at 1 January 2025

487

Credit to Statement of Income and Retained Earnings during year

(179

)

Balance at 31 December 2025

308

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.	RELATED PARTY DISCLOSURES

In the opinion of the director the company is controlled by Mr P Holland, the director of the company.