REGISTERED NUMBER: 06474147 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st January 2026

for

Shoulder And Elbow Clinic Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

1,425

914

CURRENT ASSETS

Debtors

5

23,862

22,847

Investments

6

47,060

47,060

Cash at bank

227,906

219,340

298,828

289,247

CREDITORS

Amounts falling due within one year

7

84,265

86,328

NET CURRENT ASSETS

214,563

202,919

TOTAL ASSETS LESS CURRENT LIABILITIES

215,988

203,833

PROVISIONS FOR LIABILITIES

271

174

NET ASSETS

215,717

203,659

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

215,517

203,459

SHAREHOLDERS' FUNDS

215,717

203,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30th October 2026 and were signed on its behalf by:

Dr M S Falworth - Director

1.	COMPANY INFORMATION

Shoulder And Elbow Clinic Ltd 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:

06474147

Registered office:

The Lexicon

Mount Street

Manchester

M2 5NT

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.

Turnover

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

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st February 2025

5,779

Additions

999

Disposals

(1,051

)

At 31st January 2026

5,727

DEPRECIATION

At 1st February 2025

4,865

Charge for year

488

Eliminated on disposal

(1,051

)

At 31st January 2026

4,302

NET BOOK VALUE

At 31st January 2026

1,425

At 31st January 2025

914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

as restated

£

£

Trade debtors

15,531

14,138

Prepayments and accrued income

8,331

8,709

23,862

22,847

6.	CURRENT ASSET INVESTMENTS

31.1.26

31.1.25

as restated

£

£

Unlisted investments

47,060

47,060

The Current Asset Investment represents a 1% share of Elstree Outpatient Centre LLP. As there is no ascertainable market value available, the directors have valued this on a cost basis.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

as restated

£

£

Trade creditors

4,756

3,223

Tax

49,398

54,805

Other Creditors

26,217

24,727

Directors' current accounts

733

412

Accrued expenses

3,161

3,161

84,265

86,328

Included in Other creditors is an amount owing to Elstree Outpatient LLP.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

as restated

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2026 and 31st January 2025:

31.1.26

31.1.25

as restated

£

£

Dr M S Falworth and Mrs D J Falworth

Balance outstanding at start of year

(412

)

(335

)

Amounts advanced

126,458

190,174

Amounts repaid

(126,779

)

(190,251

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(733

)

(412

)

The loan is repayable on demand and no interest was charged during the year.

10.	ULTIMATE CONTROLLING PARTY