REGISTERED NUMBER: SC306746 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

The Park Practice Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Joshua Liam Daniel St Clair Low

SECRETARY:

Mr David James St Clair Low

REGISTERED OFFICE:

61 Park Road

Glasgow

G4 9JE

REGISTERED NUMBER:

SC306746 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

-

414

Tangible assets

5

29,832

41,567

29,832

41,981

CURRENT ASSETS

Stock

5,900

6,200

Debtors

6

27,550

29,352

Cash at bank

106,207

108,860

139,657

144,412

CREDITORS

Amounts falling due within one year

7

94,358

123,171

NET CURRENT ASSETS

45,299

21,241

TOTAL ASSETS LESS CURRENT LIABILITIES

75,131

63,222

CREDITORS

Amounts falling due after more than one year

8

(1,754

)

(3,860

)

PROVISIONS FOR LIABILITIES

9

(7,458

)

(7,894

)

NET ASSETS

65,919

51,468

CAPITAL AND RESERVES

Called up share capital

10

102

102

Share premium

4,498

4,498

Retained earnings

61,319

46,868

SHAREHOLDERS' FUNDS

65,919

51,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 7 August 2026 and were signed by:

Mr Joshua Liam Daniel St Clair Low - Director

1.	STATUTORY INFORMATION

The Park Practice Ltd is a private company, limited by shares , registered in Scotland. 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 principal activity of the company in the year under review was that of dental surgery.

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.

Goodwill

Goodwill is capitalised and is being amortised over its remaining useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Dental equipment

-

20% on cost

Fittings and equipment

-

10% on cost

Computer equipment

-

33.33% on cost

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

Pension contributions are charged to the profit and loss account in the period to which they relate.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

138,000

AMORTISATION

At 1 April 2025

137,586

Amortisation for year

414

At 31 March 2026

138,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

414

5.	TANGIBLE FIXED ASSETS

Improvements

Fittings

to

Dental

and

Computer

property

equipment

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

2,857

142,306

62,169

5,122

212,454

DEPRECIATION

At 1 April 2025

-

135,802

29,963

5,122

170,887

Charge for year

-

5,518

6,217

-

11,735

At 31 March 2026

-

141,320

36,180

5,122

182,622

NET BOOK VALUE

At 31 March 2026

2,857

986

25,989

-

29,832

At 31 March 2025

2,857

6,504

32,206

-

41,567

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fittings

Dental

and

equipment

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

28,068

37,480

65,548

DEPRECIATION

At 1 April 2025

and 31 March 2026

22,996

17,763

40,759

NET BOOK VALUE

At 31 March 2026

5,072

19,717

24,789

At 31 March 2025

5,072

19,717

24,789

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

27,550

29,352

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

2,105

5,147

Taxation and social security

41,599

57,669

Other creditors

50,654

60,355

94,358

123,171

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

1,754

3,860

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

7,458

7,894

Deferred

tax

£

Balance at 1 April 2025

7,894

Provided during year

(436

)

Balance at 31 March 2026

7,458

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

A Ordinary

£1

100

100

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

102

102

11.	ULTIMATE CONTROLLING PARTY

100% of the Issued Share Capital is Owned by J.Low Healthcare Ltd, a Company Registered in Scotland Which is Controlled by the Director, Mr Joshua Low