Company Registration No. 09427182 (England and Wales)
White House Dental Practice Limited
Unaudited Financial Statements
for the year ended 31 March 2022
White House Dental Practice Limited
Unaudited Financial Statements
Contents
White House Dental Practice Limited
Company Information
for the year ended 31 March 2022
Directors
Dr Amarjit Khambay
Dr Gurdip Kaur Khambay
Dr Kuldipsinh Girirajsinh Gohil
Dr Ali Rowther Hanifa Mubarak
Ms Phirun Suwan
Company Number
09427182 (England and Wales)
Registered Office
Sterling House
89-91 South Road
Southall
UB1 1SQ
England
Accountants
Biz Accounting Ltd
14 Village Way East
Harrow
London
HA2 7LU
White House Dental Practice Limited
Statement of financial position
as at 31 March 2022
Intangible assets
-
31,600
Tangible assets
196,451
109,993
Debtors
2,344,635
2,190,934
Cash at bank and in hand
462,729
387,251
Creditors: amounts falling due within one year
(558,620)
(546,309)
Net current assets
2,253,080
2,033,126
Total assets less current liabilities
2,449,531
2,174,719
Creditors: amounts falling due after more than one year
(1,617,311)
(1,814,799)
Provisions for liabilities
Net assets
797,645
359,920
Called up share capital
20,000
20,000
Capital redemption reserve
11,400
11,400
Profit and loss account
766,245
328,520
Shareholders' funds
797,645
359,920
For the year ending 31 March 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by
Dr Amarjit Khambay
Director
Company Registration No. 09427182
White House Dental Practice Limited
Notes to the Accounts
for the year ended 31 March 2022
White House Dental Practice Limited is a private company, limited by shares, registered in England and Wales, registration number 09427182. The registered office is Sterling House, 89-91 South Road, Southall, UB1 1SQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes.
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.
Development costs are being amortised evenly over their estimated useful life of years.
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred tax 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.
White House Dental Practice Limited
Notes to the Accounts
for the year ended 31 March 2022
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 the 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.
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Intangible fixed assets
Goodwill
Charge for the year
31,600
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
88,202
138,701
226,903
Additions
116,942
-
116,942
At 31 March 2022
205,144
138,701
343,845
At 1 April 2021
55,550
61,360
116,910
Charge for the year
11,149
19,335
30,484
At 31 March 2022
66,699
80,695
147,394
At 31 March 2022
138,445
58,006
196,451
At 31 March 2021
32,652
77,341
109,993
White House Dental Practice Limited
Notes to the Accounts
for the year ended 31 March 2022
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
165,190
185,703
Other debtors
2,179,445
2,005,231
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
186,702
115,200
Trade creditors
103,867
37,224
Taxes and social security
97,679
108,606
Other creditors
166,772
37,537
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Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,617,311
1,814,799
Aggregate of amounts that fall due for payment after five years
683,803
1,274,969
The bank loans are secured by a legal charge over the company's fixed and floating assets and by way of a cross guarantee & debenture between the parent company, Sterling Dental College Limited, and other fellow subsidiaries.
An unlimited cross-guarantee exists between the company, its parent company Sterling Dental College Limited, and other fellow subsidiaries in respect of the bank loans from Lloyds Bank plc advanced to White House Dental Practice Limited.
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Transactions with related parties
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
Other debtors include amounts owed by associated companies under common control of the Directors and their associates as follows:
a) £165,527 owed by B&G Properties (IG) Limited
b) £1,433,471 owed by Glassy Junction (UK) Limited
Sterling Dental College Limited (incorporated in England and Wales) is regarded by the directors as being the company`s ultimate parent company.
12
Average number of employees
During the year the average number of employees was 35 (2021: 31).
