Company No: 08287047 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

		2023		2022
		£		£
Current assets
Debtors
- due within one year	3	411,143		395,965
- due after more than one year	3	16,618		33,284
		427,761		429,249
Creditors: amounts falling due within one year	4	( 1,597)		( 1,951)
Net current assets		426,164		427,298
Total assets less current liabilities		426,164		427,298
Net assets		426,164		427,298
Capital and reserves
Called-up share capital	5	840		840
Profit and loss account		425,324		426,458
Total shareholder's funds		426,164		427,298

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Charlton Kings Veterinary Centre Limited (registered number: 08287047) were approved and authorised for issue by the Director on 25 January 2024. They were signed on its behalf by:

D Chalkley 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

Charlton Kings Veterinary Centre Limited (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 C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The company ceased to trade in 2021, but remains registered to collect growth payments from the sale of its subsidiary company in that year. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value. The company has the support of its parent company.

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 Statement of Financial Position date.

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.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Debtors

	2023		2022
	£		£
Debtors: amounts falling due within one year
Amounts owed by Parent undertakings	394,493		379,315
Other debtors	16,650		16,650
	411,143		395,965
Debtors: amounts falling due after more than one year
Other debtors	16,618		33,284

4. Creditors: amounts falling due within one year

	2023		2022
	£		£
Accruals	1,261		1,315
Other creditors	336		636
	1,597		1,951

5. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
840 Ordinary shares of £ 1.00 each	840		840