Company No: 05470318 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Dr C Gilling-Smith
	Ms M Gilling-Ulph

Registered office	The Agora
	138 Dyke Road
	Brighton
	West Sussex
	BN1 5PA
	United Kingdom

Company number

05470318 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	7,442,018		7,018,997
		7,442,018		7,018,997
Current assets
Debtors	4	805,670		862,920
Cash at bank and in hand		371,419		220,270
		1,177,089		1,083,190
Creditors: amounts falling due within one year	5	( 1,845,351)		( 1,822,389)
Net current liabilities		(668,262)		(739,199)
Total assets less current liabilities		6,773,756		6,279,798
Creditors: amounts falling due after more than one year	6	( 3,589,341)		( 3,482,724)
Provision for liabilities	7	( 493,000)		( 376,447)
Net assets		2,691,415		2,420,627
Capital and reserves
Called-up share capital	8	66,855		66,855
Capital redemption reserve		63,145		63,145
Profit and loss account		2,561,415		2,290,627
Total shareholder's funds		2,691,415		2,420,627

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Agora Gynaecology And Fertility Centre Ltd (registered number: 05470318) were approved and authorised for issue by the Board of Directors on 24 November 2025. They were signed on its behalf by:

Dr C Gilling-Smith Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Agora Gynaecology And Fertility Centre Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Agora, 138 Dyke Road, Brighton, West Sussex, BN1 5PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Change in accounting estimate

During the year, the company reviewed the estimated useful lives of its tangible fixed assets in accordance with FRS 102 Section 17.19. As a result of this review, the estimated useful life of certain items of plant and machinery was revised from 4 years to 6 years, effective from 1 December 2023.

This change in estimate has been accounted for prospectively, in accordance with FRS 102 paragraph 10.16. The effect of this change has been to reduce the depreciation charge for the current year by £359,404, compared to the amount that would have been charged under the previous estimate.

The directors believe that the revised estimate better reflects the expected pattern of consumption of the economic benefits of the assets.

Turnover

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

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	100 years straight line
Leasehold improvements	10 years straight line
Plant and machinery	6 years straight line
Vehicles	6 years straight line
Fixtures and fittings	6 years straight line
Computer equipment	6 years straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	48		48

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 December 2023	5,493,943		414,788		1,140,530		45,190		2,330,779		263,159		9,688,389
Additions	0		249,995		743,025		0		25,207		21,071		1,039,298
At 30 November 2024	5,493,943		664,783		1,883,555		45,190		2,355,986		284,230		10,727,687
Accumulated depreciation
At 01 December 2023	426,705		46,617		829,918		30,127		1,131,000		205,025		2,669,392
Charge for the financial year	199,897		56,314		143,676		2,511		202,660		11,219		616,277
At 30 November 2024	626,602		102,931		973,594		32,638		1,333,660		216,244		3,285,669
Net book value
At 30 November 2024	4,867,341		561,852		909,961		12,552		1,022,326		67,986		7,442,018
At 30 November 2023	5,067,238		368,171		310,612		15,063		1,199,779		58,134		7,018,997
Leased assets included above:
Net book value
At 30 November 2024	0		0		355,391		0		97,244		0		452,635
At 30 November 2023	0		0		220,487		0		126,057		0		346,544

4. Debtors

	2024		2023
	£		£
Trade debtors	644,157		514,875
Prepayments	150,263		95,085
Other debtors	11,250		252,960
	805,670		862,920

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured)	107,906		550,607
Trade creditors	720,563		575,269
Amounts owed to directors	157,201		156,320
Accruals and deferred income	384,683		185,299
Corporation tax	71,228		121,005
Other taxation and social security	54,881		45,926
Obligations under finance leases and hire purchase contracts	196,181		51,226
Other creditors	152,708		136,737
	1,845,351		1,822,389

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	3,477,616		3,443,089
Obligations under finance leases and hire purchase contracts	111,725		39,635
	3,589,341		3,482,724

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2024		2023
	£		£
Bank loans (secured / repayable by instalments)	2,868,361		1,746,320

7. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 376,447)		( 327,654)
Charged to the Statement of Income and Retained Earnings	( 116,553)		( 48,793)
At the end of financial year	( 493,000)		( 376,447)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 493,000)		( 376,447)

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
66,855 Ordinary shares of £ 1.00 each	66,855		66,855

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	85,000		85,000
between one and five years	106,250		191,250
Total future minimum lease payments under non-cancellable operating leases	191,250		276,250

Pensions

The company operates a defined contribution scheme for its directors and staff. The total pension cost for the year ended 30 November 2024 was £81,550 (2023 - £27,519). At the balance sheet date, the amount payable to the fund was £7,049 (2023 - £6,737).

10. Bank Loan

**Analysis of the maturity of loan is given below**

	2024		2023
	£		£
Amounts falling due within one year	107,906		550,607
Amount falling due 2-5 years	609,255		1,696,769
Amount falling due after 5 years	2,868,361		1,746,320
	3,585,522		3,993,696

The Company has two loans with National Westminster Bank Plc totalling £3,585,522 which are secured by fixed charges over the Company's freehold property.