Diamond Smiles Dental Centre Limited - Period Ending 2023-03-31

Diamond Smiles Dental Centre Limited

Profit and Loss Account for the Year Ended 31 March 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Diamond Smiles Dental Centre Limited

(Registration number: 07534336)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Current assets
Debtors	3	39,254	39,254
Capital and reserves
Called up share capital		100	100
Profit and loss account		39,154	39,154
Shareholders' funds		39,254	39,254

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 December 2023 and signed on its behalf by:
 

Dr S Turton Director

Diamond Smiles Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Whitehill House
8 Windmill Hill Business Park
Whitehill Way
Swindon
SN5 6NX

These financial statements were authorised for issue by the Board on 21 December 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts within the financial statements are rounded to the nearest £.

Debtors

Debtors are amounts due from related parties resulting from the “hive up” of trade, assets and liabilities to the parent company. These are initially recognised and subsequently held at the amortised cost, less provision for impairment as at the date of transfer and will be held at such value until the debt is settled. A provision for the impairment of related party debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Diamond Smiles Dental Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Debtors

	2023 £	2022 £
Amounts owed by related parties	39,254	39,254
	39,254	39,254

Included in debtors above are amounts due from group companies totalling £39,254 (2022 - £39,254), which are interest free and repayable on demand.

4	Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Gensmile Limited, incorporated in Engand and Wales.

The address of Gensmile Limited is:
Whitehill House, 8 Windmill Hill Business Park, Whitehill Way, Swindon, SN5 6NX.