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

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 directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

SRKP Limited (the "Company") is a private company limited by shares incorporated in England and Wales, registered number 12853966. The registered office is C/O Forvis Mazars LLP, 3 Wellington Place, Leeds, LS1 4AP.

The principal activity of the company continued to be that of dental practice services.

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 amounts 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.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to support the business financially and will not seek for the company to repay the Directors' loans until the company is in a profitable position. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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

Amortisation 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:

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:

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.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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

Details of the company's subsidiaries at 31 December 2025 are as follows:

Amounts owed by group undertakings are interest free and repayable on demand.

Amounts owed to group undertakings are interest free and repayable on demand.

Obligations due under finance leases and hire purchase contracts included within current and non-current liabilities are secured upon the assets to which the individual agreements relate. At the balance sheet date secured creditors relating to these loans amounted to £189,373 (2024: £298,547).

Obligations due under finance leases and hire purchase contracts included within current and non-current liabilities are secured upon the assets to which the individual agreements relate. At the balance sheet date secured creditors relating to these loans amounted to £189,373 (2024: £298,547).

Other borrowings of £816,649 (2024: £1,065,000) relate to a loan provided by one of the directors to the company. Interest was charged on the loan at an average rate of 5.42% in the period. The loan is secured by way of a fixed and floating charge over all the property or undertaking of the company.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

SRKP Limited maintains all the balance sheet assets and liabilities relating to itself and the subsidiary companies. All bank receipts in respect of turnover for each subsidiary is reflected within the bank balance of SRKP Limited.

During the period SRKP Limited recharged operating costs to the subsidiary companies which had a Principal dentist in place as at 31 December 2025. Management charges of £531,391 (2024: £977,835) were charged by SRKP Limited to Smmmile Newcastle Limited, Smmmile Leeds Limited, Smmmile Shelfco Two Limited (previously Smmmile Nottingham Limited), Smmmile Bristol Limited and Smmmile Glasgow Limited relating to the recharge of overhead costs incurred within SRKP Limited.

Where turnover is greater than the costs within the subsidiary companies an amount due to the subsidiary from SRKP Limited arises.

Where turnover is less than the costs within the subsidiary companies an amount due from the subsidiary to SRKP Limited arises.

Included in Creditors: amounts falling due within one year at 31 December 2025 are amounts owed by the company to shareholders of a subsidiary, Smmmile Shelfco Two Limited (previously Smmmile Nottingham Limited), amounting to £Nil (2024: £8,878).

Included in Creditors: amounts falling due within one year at 31 December 2025 are amounts owed by the company to a director amounting to £20,000 (2024: £14,762).

Included in Creditors: amounts falling due within one year at 31 December 2025 are amounts owed by the company to a director amounting to £240,000 (2024: £240,000).

Included in Creditors: amounts falling due after more than one year at 31 December 2025 are amounts owed by the company to the directors amounting to £1,541,971 (2024: £1,655,322).

Other borrowings of £816,649 (2024: £1,065,000) relate to a loan provided by one of the directors to the company. Interest was charged on the loan at an average rate of 5.42% in the period.

No interest is charged on the £990,360 (2024: £830,376) owed to the directors, reflected within Other creditors.

The following amounts were outstanding at the reporting end date:

Amounts owed in the year to shareholders are £20,000 (2024: £23,639)