MEDIBANK LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08327261

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,590		16,305
Investments	5		999,278		-

			1,013,868		16,305
CURRENT ASSETS
Stocks	6	92,366		57,383
Debtors	7	69,176		48,361
Cash at bank and in hand		37,873		112,826

		199,415		218,570
Creditors: Amounts Falling Due Within One Year	8	(333,378 )		(117,302 )

NET CURRENT ASSETS (LIABILITIES)			(133,963 )		101,268

TOTAL ASSETS LESS CURRENT LIABILITIES			879,905		117,573

Creditors: Amounts Falling Due After More Than One Year	9		(975,705 )		-

NET (LIABILITIES)/ASSETS			(95,800 )		117,573

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			(95,801 )		117,572

SHAREHOLDERS' FUNDS			(95,800)		117,573

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MEDIBANK LIMITED

Balance Sheet (continued)

As At 31 December 2025

For the year ending 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Serwaa Bonsu Appiah

Director

15/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MEDIBANK LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08327261 . The registered office is 263 MORLAND ROAD, CROYDON, CR0 6HE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance basis
Motor Vehicles	25% reducing balance basis
Fixtures & Fittings	25% reducing balance basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 10)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	5,058	47,070	27,855	79,983
Additions	-	-	3,150	3,150

As at 31 December 2025	5,058	47,070	31,005	83,133

...CONTINUED

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MEDIBANK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	4,675	32,328	26,675	63,678
Provided during the period	96	3,686	1,083	4,865

As at 31 December 2025	4,771	36,014	27,758	68,543

Net Book Value
As at 31 December 2025	287	11,056	3,247	14,590

As at 1 January 2025	383	14,742	1,180	16,305

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	-
Additions	994,500
Other	5,036

As at 31 December 2025	999,536

Provision
As at 1 January 2025	-
Added in period	258

As at 31 December 2025	258

Net Book Value
As at 31 December 2025	999,278

As at 1 January 2025	-

6. Stocks

	2025	2024
	£	£
Materials	92,366	57,383

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	942	5,741
Prepayments and accrued income	32,850	6,600
Other debtors	35,384	36,020

	69,176	48,361

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MEDIBANK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	34,974	66,848
Bank loans and overdrafts	54,414	-
Other taxes and social security	1,933	6,602
Other creditors	196,308	178
Accruals and deferred income	3,825	1,750
Directors' loan accounts	41,924	41,924

	333,378	117,302

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	423,716	-
Directors' loan account	551,989	-

	975,705	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	65,500	18,000
Later than one year and not later than five years	244,000	72,000
Later than five years	673,917	144,000

	983,417	234,000

Lease Commitments – FRS 102 Section 20

Medibank Ltd occupies premises under a number of lease agreements.

The existing Medibank lease was reviewed in February 2023. Following the review, revised rental payments were agreed at £1,500 per month, equivalent to £18,000 per annum. The revised lease term is 15 years, giving total contractual rental payments of £270,000 over the lease term.

On 26 February 2025, Medibank Ltd entered into two additional lease agreements in respect of premises operated by its subsidiary, Hayescamber Ltd.

Hayes branch

The Hayes premises are held under a 20-year lease at an annual rent of £22,500. Total contractual rental payments over the full lease term amount to £450,000.

Camberwell branch

...CONTINUED

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MEDIBANK LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Other Commitments - continued

The Camberwell premises are held under a 15-year lease at an annual rent of £25,000. Total contractual rental payments over the full lease term amount to £375,000.

The combined contractual rental payments relating to the Hayes and Camberwell leases amount to £825,000.

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