London And South Coast Clinics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03829007 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

London And South Coast Clinics Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

129,826

CURRENT ASSETS

Stocks

-

17,648

Debtors

5

139,964

196,822

Cash at bank and in hand

-

24,058

139,964

238,528

CREDITORS

Amounts falling due within one year

6

-

9,141

NET CURRENT ASSETS

139,964

229,387

TOTAL ASSETS LESS CURRENT
LIABILITIES

139,964

359,213

PROVISIONS FOR LIABILITIES

-

24,500

NET ASSETS

139,964

334,713

CAPITAL AND RESERVES

Called up share capital

500,000

Retained earnings

(360,036

)

(165,287

)

139,964

334,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2026 and were signed by:

Dr A Thanki - Director

1.	STATUTORY INFORMATION

London And South Coast Clinics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03829007

Registered office:

Unit 8 Trinity Place

Midland Drive

Sutton Coldfield

West Midlands

B72 1TX

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Incomplete accounting records and use of estimates

The company's bank statements for October 2024 to the date of closure of the accounts and the transfer of the closing balances to Calapoint Limited in December 2024 are not available and, despite requests, could not be obtained. That period contains the acquisition of the company by Calapoint Limited on 4 October 2024, the transfer of the whole of the trade and undertaking, the disposal of the company's tangible fixed assets and the write-off of the balances described in note 9.

In the absence of those records, certain transactions and balances in these financial statements have been estimated by reference to the sale and purchase agreement, the external valuation of the works of art, management information prepared by the company's former accountants and correspondence with the parties. The director considers the estimates to be reasonable in the circumstances, but the amounts recorded may differ from the amounts actually transacted, and it has not been possible to establish that all transactions of the period have been recorded.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover for the year comprises income earned in the period from 1 October 2024 to 4 October 2024, prior to the transfer of the trade to Calapoint Limited. together with the transfer of stock to Calapoint Limited at cost amounting to £17,650.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33 1/3% per annum, straight line and 25% per annum on reducing balance

Works of art are not depreciated, their estimated useful life being indefinite. They are stated at cost less any accumulated impairment losses. Amounts previously written off works of art are included within accumulated depreciation..

Stocks

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

Financial instruments

The company holds only basic financial instruments, comprising amounts owed by group undertakings and other debtors. These are initially recognised at transaction price and subsequently measured at amortised cost, less any impairment. Where the effect of the time value of money is immaterial they are stated at the undiscounted amount receivable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

No contributions were payable in the year (2024 - £50,000).

Going concern

On 4 October 2024 the whole of the trade and undertaking of the company was transferred to its parent undertaking, Calapoint Limited, and the company ceased to trade. At the balance sheet date the company held no fixed assets, stocks or cash. Its assets comprised an amount of £136,626 owed by Calapoint Limited, for which there are no terms as to interest or repayment, and £3,338 of corporation tax recoverable.

The director has obtained confirmation from Calapoint Limited that it will settle the amount owing as and when required, and that it will provide such financial support as the company needs to meet its liabilities as they fall due, for a period of not less than twelve months from the date of approval of these financial statements. On that basis the director considers it appropriate to prepare the financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

299,690

Additions

30,000

Disposals

(329,690

)

At 30 September 2025

-

DEPRECIATION

At 1 October 2024

169,864

Eliminated on disposal

(169,864

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

129,826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

136,626

-

Other debtors

3,338

196,822

139,964

196,822

Included in debtors is £3,338 of corporation tax recoverable which represents tax paid under section 455 of the Corporation Tax Act 2010 on loans to a participator which have since been repaid or written off, and for which relief is due under section 458 of that Act. A claim has still to be made.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

4,131

Other creditors

-

5,010

-

9,141

7.	CONTINGENT LIABILITIES

The company has relieved the taxable profits of the period, which include a balancing charge of £68,452 arising on the transfer of its plant and machinery, against trading losses of £144,620 brought forward.

If the losses were not available, corporation tax of approximately £17,600 would fall due, together with interest. The director does not consider it probable that a liability will arise and no provision has been made.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

Dr E J Dancey

Balance outstanding at start of year

(1,633

)

7,264

Amounts advanced

62,761

8,103

Amounts repaid

-

(17,000

)

Amounts written off

(61,128

)

-

Amounts waived

-

Balance outstanding at end of year

-

(1,633

)

The loan was unsecured and repayable on demand. Interest was charged at 2.25% per annum. The balance was written off on 4 October 2024, immediately prior to the acquisition of the company by Calapoint Limited.

The balance written off included an amount of £47,000 due for the purchase of assets from the company at Market value determined by an external third party. This resulted in a loss to the company of £13,021 which is included in administrative expenses.

9.	RELATED PARTY DISCLOSURES

During the period the company paid £47,000 to Green River Farm LLP in respect of rent, a partnership in which Mrs E Dancey, a director of the company until 4 October 2024, had a 50 per cent interest.

During the period the company acquired plant and machinery amounting to £30,000 from Bijoux Body Limited, a company in which Mrs E Dancey was a director and shareholder. That company was dissolved on 10 February 2026.

During the period, the company sold works of art to Dr E J Dancey for a consideration of £47,000. The carrying value of the assets at the date of disposal was £60,021 and a loss on disposal of £13,021 has been recognised. The consideration was determined by reference to a valuation prepared by an external independent valuer.

Prior to the sale of the company on 4 October 2024 to Calapoint Limited, the company wrote off the following balances in which E Dancey had an interest. These amounts are included in the profit and loss account as bad debts:

- Director's loan account - £61,128, after interest of £760 charged to the account for the overdrawn loan account.

- Bijoux Body Limited - £83,586, a company in which E Dancey was both a director and a shareholder. This company was dissolved on 10 February 2026.

- Green River Farm LLP - £8,000.

- Innomed Holdings Limited - £7,000, a company in which E Dancey's husband, D Gower ,is both a director and shareholder.

10.	POST BALANCE SHEET EVENTS

Bijoux Body Limited, a company against which the company wrote off a balance of £83,586 during the year (note 9), was dissolved on 10 February 2026. This is a non-adjusting event and no adjustment has been made to the financial statements.

11.	ULTIMATE CONTROLLING PARTY

On 4 October 2024 the entire issued share capital of the company was acquired by Calapoint Limited, a company incorporated and registered in England and Wales. Calapoint Limited is both the immediate and the ultimate parent undertaking of the company.

Calapoint Limited is the parent of the smallest and largest group of undertakings for which group financial statements are not drawn up and of which the company is a member.

The ultimate controlling party is Dr A Thanki by virtue of his control of Calapoint Limited.