ACCOUNTS - Final Accounts preparation

PEAK VETERINARY PRACTICE LIMITED - Company Information

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Company registration number: 07378931

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 14 JANUARY 2022

	PEAK VETERINARY PRACTICE LIMITED


PEAK VETERINARY PRACTICE LIMITED

COMPANY INFORMATION

Director	R A Reidy


Registered number	07378931


Registered office	Friars Gate
	1011 Stratford Road
	Shirley
	West Midlands
	B90 4BN


Independent auditors	Hazlewoods LLP
	Chartered Accountants & Statutory Auditor
	Bayshill
	Cheltenham
	GL50 3AT


PEAK VETERINARY PRACTICE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3


PEAK VETERINARY PRACTICE LIMITED REGISTERED NUMBER:07378931

STATEMENT OF FINANCIAL POSITION

AS AT 14 JANUARY 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	150		138,604
		150		138,604
Total assets less current liabilities			150		138,604

Net assets			150		138,604

Capital and reserves
Called up share capital	150	150
Profit and loss account	-	138,454
	150	138,604

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R A Reidy

Director

Date: 13 January 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1


PEAK VETERINARY PRACTICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 JANUARY 2022

1.	General information

Peak Veterinary Practice Limited is a private company limited by shares and is registered and incorporated in England and Wales. The address of its registered office is shown on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

Notwithstanding the hive up of trade and assets and subsequent ceasing of trade in the year, after reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - Nil).

Debtors

					2022	2021
					£	£


Amounts owed by group undertakings	150	138,604

Page 2


PEAK VETERINARY PRACTICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 JANUARY 2022

5.	Controlling party

The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include
this company, is Mars Pet Services UK Limited, Limited, of which the registered address is 3d Dundee Road, Slough, United Kingdom, SL1 4LG. These financial statements are available upon request from Companies House.

6.	Auditors' information

The auditors' report on the financial statements for the year ended 14 January 2022 was unqualified.

The audit report was signed on 13 January 2023 by (Senior statutory auditor) on behalf of Hazlewoods LLP.

Page 3