Registration number: 08997517

Priory Veterinary Group (Christchurch) Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Priory Veterinary Group (Christchurch) Ltd

(Registration number: 08997517)
Abridged Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	508,750	563,750
Tangible assets	5	215,816	138,635
		724,566	702,385
Current assets
Stocks	6	87,114	90,211
Debtors		168,758	142,646
Cash at bank and in hand		430,419	439,049
		686,291	671,906
Creditors: Amounts falling due within one year	7	(582,104)	(570,911)
Net current assets		104,187	100,995
Total assets less current liabilities		828,753	803,380
Creditors: Amounts falling due after more than one year	8	(198,991)	(235,126)
Provisions for liabilities		(35,994)	(28,116)
Net assets		593,768	540,138
Capital and reserves
Called up share capital		75	75
Capital redemption reserve		25	25
Profit and loss account		593,668	540,038
Total equity		593,768	540,138

Priory Veterinary Group (Christchurch) Ltd

(Registration number: 08997517)
Abridged Balance Sheet as at 28 February 2026

For the financial year ending 28 February 2026 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 accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 18 July 2026 and signed on its behalf by:
 

Mr D J May

Director

Priory Veterinary Group (Christchurch) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
59 Purewell
Christchurch
Dorset
BH23 1EN

These financial statements were authorised for issue by the Board on 18 July 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	Over the term of the lease
Leasehold improvements	10% straight line
Fixtures and fittings	10% reducing balance
Plant and machinery	15% reducing balance
Office equipment	33% straight line

Priory Veterinary Group (Christchurch) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years

Stocks

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 53 (2025 - 50).

4	Intangible assets

	Total £
Cost or valuation
At 1 March 2025	1,100,000
At 28 February 2026	1,100,000
Amortisation
At 1 March 2025	536,250
Amortisation charge	55,000
At 28 February 2026	591,250
Carrying amount
At 28 February 2026	508,750
At 28 February 2025	563,750

Priory Veterinary Group (Christchurch) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

5	Tangible assets

	Total £
Cost or valuation
At 1 March 2025	321,247
Additions	124,574
At 28 February 2026	445,821
Depreciation
At 1 March 2025	182,611
Charge for the year	47,394
At 28 February 2026	230,005
Carrying amount
At 28 February 2026	215,816
At 28 February 2025	138,635

Included within the net book value of land and buildings above is £58,795 (2025 - £4,859) in respect of long leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Stock	87,114	90,211

7	Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £40,267 (2025 - £50,201).

8	Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £198,991 (2025 - £235,128).

Creditors include bank loans repayable by instalments of £78,191 (2025 - £84,525 due after more than five years.

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £179,763 (2025 - £119,053).

Priory Veterinary Group (Christchurch) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

10	Related party transactions

Advances to directors

Mr D J May During the period Mr D J May went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £47,195 (2025 - £276,822). At the year end the amount outstanding from Mr D J May was £Nil (2025 - £2,250). Interest has been charged at the commercial rate.

Mrs E J W Newton During the period Mrs E J W Newton went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £26,696 (2025 - £134,535). At the year end the amount outstanding from Mrs E J W Newton was £Nil (2025 - £3,376). Interest has been charged at the commercial rate.

Mrs J S Wheeler During the period Mrs J S Wheeler went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £37,659 (2025 - £201,735). At the year end the amount outstanding from Mrs J S Wheeler was £Nil (2025 - £3,480). Interest has been charged at the commercial rate.