James Street Practice Limited - Filleted accounts

Registered number

09443937

James Street Practice Limited

Micro Entity Accounts

30 April 2026

James Street Practice Limited
Registered number:		09443937
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		900,459			1,003,609
Tangible assets	4		42,404			48,310
			942,863			1,051,919

Current assets
Debtors	5	-			8,945
Cash at bank and in hand		295,672			302,541
		295,672			311,486

Creditors: amounts falling due within one year	6	(345,102)			(380,996)

Net current liabilities			(49,430)			(69,510)

Total assets less current liabilities			893,433			982,409

Creditors: amounts falling due after more than one year	7		(221,837)			(369,655)



Net assets			671,596			612,754

Capital and reserves
Called up share capital			150			150
Profit and loss account			671,446			612,604

Shareholders' funds			671,596			612,754

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr Adam Wong She
Director
Approved by the board on 03/11/2026

James Street Practice Limited
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		9		9


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 May 2025				1,547,244
	At 30 April 2026				1,547,244

	Amortisation
	At 1 May 2025				543,635
	Provided during the year				103,150
	At 30 April 2026				646,785

	Net book value
	At 30 April 2026				900,459
	At 30 April 2025				1,003,609

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 May 2025				140,210
	Additions				3,402
	At 30 April 2026				143,612

	Depreciation
	At 1 May 2025				91,900
	Charge for the year				9,308
	At 30 April 2026				101,208

	Net book value
	At 30 April 2026				42,404
	At 30 April 2025				48,310


5	Debtors		2026		2025
£				£

	Other debtors		-		8,945


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		132,549		159,752
	Taxation and social security costs		96,288		98,155
	Other creditors		116,265		123,089
			345,102		380,996


7	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		221,837		369,655


8	Other information

	James Street Practice Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5 Margaret Road
	Romford
	Essex
	RM2 5SH