MPG HEALTHCARE LIMITED

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

Registered number: 09821018

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		470,000		564,000
Tangible Assets	5		55,421		49,247

			525,421		613,247
CURRENT ASSETS
Stocks	6	112,413		87,714
Debtors	7	300,534		251,840
Investments	8	646,837		646,837
Cash at bank and in hand		263,339		176,179

		1,323,123		1,162,570
Creditors: Amounts Falling Due Within One Year	9	(428,745 )		(434,084 )

NET CURRENT ASSETS (LIABILITIES)			894,378		728,486

TOTAL ASSETS LESS CURRENT LIABILITIES			1,419,799		1,341,733

Creditors: Amounts Falling Due After More Than One Year	10		(706,395 )		(858,236 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,297 )		(5,675 )

NET ASSETS			706,107		477,822

CAPITAL AND RESERVES
Called up share capital	12		102		102
Profit and Loss Account			706,005		477,720

SHAREHOLDERS' FUNDS			706,107		477,822

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MPG HEALTHCARE LIMITED

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

Mr R A Gokani Director	Mr R M Moledina Director	Mr J Patel Director
10 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

MPG HEALTHCARE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09821018 . The registered office is 38 The Promenade, Wellingborough, Northamptonshire, NN8 5AL.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.

2.4. 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:

Leasehold	6.67% Straight Line
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Reducing Balance

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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MPG HEALTHCARE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2025: 15)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	1,410,000

As at 31 March 2026	1,410,000

Amortisation
As at 1 April 2025	846,000
Provided during the period	94,000

As at 31 March 2026	940,000

Net Book Value
As at 31 March 2026	470,000

As at 1 April 2025	564,000

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	44,730	34,644	26,294	105,668
Additions	-	21,099	-	21,099

As at 31 March 2026	44,730	55,743	26,294	126,767

Depreciation
As at 1 April 2025	26,499	18,191	11,731	56,421
Provided during the period	1,216	9,388	4,321	14,925

As at 31 March 2026	27,715	27,579	16,052	71,346

...CONTINUED

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MPG HEALTHCARE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	17,015	28,164	10,242	55,421

As at 1 April 2025	18,231	16,453	14,563	49,247

6. Stocks

	2026	2025
	£	£
Stock	112,413	87,714

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	223,993	179,225
Other debtors	76,541	72,615

	300,534	251,840

8. Current Asset Investments

	2026	2025
	£	£
Unlisted investments	646,837	646,837

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	286,757	274,256
Bank loans and overdrafts	23,000	92,000
Other creditors	7,590	5,959
Taxation and social security	111,398	61,869

	428,745	434,084

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

	2026	2025
	£	£
Amounts owed to group undertakings	706,395	484,061
Other creditors	-	374,175

	706,395	858,236

11. Secured Creditors

Santander UK PLC have a fixed charge over the leasehold property at 27 The Square, Earls Barton, Northants and 28 The Square, Earls Barton, Northants. Santander UK PLC also has a fixed charge and floating charge over all the property or undertaking of MPG Healthcare Ltd.

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MPG HEALTHCARE LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	102	102

13. Related Party Transactions

There was an intercompany loan owed by the company, to a group company, of £21,300 (2025: £64,833).

There was an intercompany loan owed by the company, to a group company, of £428,391 (2025: £128,621).

There was an intercompany loan owed by the company, to a group company, of £214,807 (2025: £228,142).

There was an intercompany loan owed by the company, to a group company, of £41,897 (2025: £62,464).

Each of these loans are repayable on demand and there are no fixed terms of repayment.

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