REGISTERED NUMBER: 10541452 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Malthouse Veterinary Group Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mrs N A Morris-Webb

Registered office:

Malthouse

Minsterley

Shrewsbury

Shropshire

SY5 0AA

Registered number:

10541452 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2

Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Intangible assets

4

22,681

37,802

Tangible assets

5

65,376

77,489

88,057

115,291

CURRENT ASSETS

Stocks

19,379

21,532

Debtors

20,952

20,828

Cash at bank and in hand

64,366

33,812

104,697

76,172

CREDITORS

Amounts falling due within one year

(73,587

)

(68,767

)

NET CURRENT ASSETS

31,110

7,405

TOTAL ASSETS LESS CURRENT LIABILITIES

119,167

122,696

CREDITORS

Amounts falling due after more than one year

(72,778

)

(91,202

)

PROVISIONS FOR LIABILITIES

(14,301

)

(13,117

)

NET ASSETS

32,088

18,377

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

32,087

18,376

SHAREHOLDERS' FUNDS

32,088

18,377

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 her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2026 and were signed by:

Mrs N A Morris-Webb - Director

1.	STATUTORY INFORMATION

Malthouse Veterinary Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 April 2025

and 31 March 2026

151,207

Amortisation

At 1 April 2025

113,405

Amortisation for year

15,121

At 31 March 2026

128,526

Net book value

At 31 March 2026

22,681

At 31 March 2025

37,802

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 April 2025

167,082

Additions

5,486

At 31 March 2026

172,568

Depreciation

At 1 April 2025

89,593

Charge for year

17,599

At 31 March 2026

107,192

Net book value

At 31 March 2026

65,376

At 31 March 2025

77,489

6.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

22,551

36,646

Barclays Bank PLC holds a fixed and floating charge which covers all the property of the company.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1