Registration number: SC580544

The Chamber Practice Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

The Chamber Practice Ltd

(Registration number: SC580544)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	719,708	70,000
Tangible assets	5	249,200	190,617
Other financial assets	6	71,625	71,625
		1,040,533	332,242
Current assets
Stocks	7	265,884	93,909
Debtors	8	273,494	536,712
Cash at bank and in hand		2,977,114	3,439,938
		3,516,492	4,070,559
Creditors: Amounts falling due within one year	9	(3,687,404)	(3,868,791)
Net current (liabilities)/assets		(170,912)	201,768
Total assets less current liabilities		869,621	534,010
Creditors: Amounts falling due after more than one year	9	(174,414)	(128,850)
Net assets		695,207	405,160
Capital and reserves
Called up share capital		100	100
Retained earnings		695,107	405,060
Shareholders' funds		695,207	405,160

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

The Chamber Practice Ltd

(Registration number: SC580544)
Statement of Financial Position as at 31 October 2025

......................................... Mr S Campbell Director

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
Scotland

The principal place of business is:
2nd Floor
30 Whitehall Street
Dundee
DD1 4AF
Scotland

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises current 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 income 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.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Office Equipment	20% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Intangible	5% Straight line

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 income statement 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.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 24 (2024 - 22).

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 November 2024	100,000	-	100,000
Additions acquired separately	-	654,708	654,708
At 31 October 2025	100,000	654,708	754,708
Amortisation
At 1 November 2024	30,000	-	30,000
Amortisation charge	5,000	-	5,000
At 31 October 2025	35,000	-	35,000
Carrying amount
At 31 October 2025	65,000	654,708	719,708
At 31 October 2024	70,000	-	70,000

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	60,000	84,245	142,076	286,321
Additions	-	7,216	89,975	97,191
At 31 October 2025	60,000	91,461	232,051	383,512
Depreciation
At 1 November 2024	-	41,403	54,301	95,704
Charge for the year	-	9,166	29,442	38,608
At 31 October 2025	-	50,569	83,743	134,312
Carrying amount
At 31 October 2025	60,000	40,892	148,308	249,200
At 31 October 2024	60,000	42,842	87,775	190,617

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Included within the net book value of land and buildings above is £60,000 (2024 - £60,000) in respect of freehold land and buildings.
 

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 November 2024	71,625	71,625
At 31 October 2025	71,625	71,625
Impairment
Carrying amount
At 31 October 2025	71,625	71,625

7

Stocks

	2025 £	2024 £
Work in progress	265,884	93,909

8

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,620	291,335
Amounts owed by related parties		125,634	125,000
Prepayments		29,421	29,349
Other debtors		116,819	91,028
		273,494	536,712

9

Creditors

Creditors: amounts falling due within one year

The Chamber Practice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		58,763	194,891
Trade creditors		768	-
Taxation and social security		207,218	190,350
Accruals and deferred income		7,095	6,276
Other creditors		3,413,560	3,477,274
		3,687,404	3,868,791

Creditors include Hire Purchase of £16,169.23 (2024 - £9,867.44).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		174,414	128,850

Creditors include Hire Purchase of £137,334.61 (2024 - £85,484.49).

10

Dividends

		2025		2024
		£		£
Interim dividend of £11,595.00 (2024 - £159,096.56) per ordinary share		11,595		159,097