Registration number: 10660317

Park House Veterinary Centre Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

Park House Veterinary Centre Limited

Company Information

Directors

J B Young B A Hanning

Registered office

A1 Methuen Park Chippenham SN14 0GT

Accountants

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Park House Veterinary Centre Limited
for the Period Ended 25 November 2025
 

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Park House Veterinary Centre Limited for the period ended 25 November 2025, as set out on pages 3 to 9, from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Park House Veterinary Centre Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Park House Veterinary Centre Limited and state those matters that we have agreed to state to the Board of Directors of Park House Veterinary Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Park House Veterinary Centre Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Park House Veterinary Centre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Park House Veterinary Centre Limited. You consider that Park House Veterinary Centre Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Park House Veterinary Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

24 August 2026

Park House Veterinary Centre Limited

(Registration number: 10660317)
Balance Sheet as at 25 November 2025

	Note	25 November 2025 £	2025 £
Fixed assets
Tangible assets	4	201,023	212,148
Current assets
Stocks		93,191	98,306
Debtors	5	52,096	60,965
Cash at bank and in hand		505,222	729,200
		650,509	888,471
Creditors: Amounts falling due within one year	6	(512,494)	(574,397)
Net current assets		138,015	314,074
Total assets less current liabilities		339,038	526,222
Deferred tax liabilities	7	(13,419)	(16,912)
Net assets		325,619	509,310
Capital and reserves
Called up share capital	8	12	12
Retained earnings		325,607	509,298
Shareholders' funds		325,619	509,310

For the financial period ending 25 November 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 period 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 Profit and Loss Account.

Approved and authorised by the Board on 24 August 2026 and signed on its behalf by:
 

J B Young
Director

Park House Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 25 November 2025

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:
A1 Methuen Park
Chippenham
SN14 0GT
England

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

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 and after eliminating sales within the company.

Tax

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

Park House Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 25 November 2025

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.

Deferred income 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.

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
Furniture, fittings and equipment	25% reducing balance
Leasehold improvements	15% reducing balance
Plant and machinery	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

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.

Park House Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 25 November 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 45 (2025 - 41).

4

Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Plant and machinery  £	Total £
Cost

Park House Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 25 November 2025

	Leasehold improvements £	Furniture, fittings and equipment  £	Plant and machinery  £	Total £
At 1 April 2025	322,608	278,229	998	601,835
Additions	-	17,528	-	17,528
Disposals	-	(2,570)	-	(2,570)
At 25 November 2025	322,608	293,187	998	616,793
Depreciation
At 1 April 2025	179,466	210,221	-	389,687
Charge for the year	14,010	13,378	163	27,551
Eliminated on disposal	-	(1,468)	-	(1,468)
At 25 November 2025	193,476	222,131	163	415,770
Carrying amount
At 25 November 2025	129,132	71,056	835	201,023
At 31 March 2025	143,142	68,008	998	212,148

Park House Veterinary Centre Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2025 to 25 November 2025

5

Debtors

	25 November 2025 £	2025 £
Trade debtors	1,998	-
Prepayments	39,295	60,965
Other debtors	10,803	-
	52,096	60,965

6

Creditors

	25 November 2025 £	2025 £
Due within one year
Trade creditors	56,176	111,526
Taxation and social security	338,808	386,379
Accruals and deferred income	44,450	917
Other creditors	73,060	75,575
	512,494	574,397

7

Deferred tax

Deferred tax assets and liabilities

25 November 2025	Liability £
Difference between accumulated depreciation and amortisation and capital allowances	14,171
Short term timing differences	(752)
	13,419