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REGISTERED NUMBER: 03246571 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Greenwich & Bexley Association of
Doctors-on-Call Limited

The Greenwich & Bexley Association of
Doctors-on-Call Limited (Registered number: 03246571)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Greenwich & Bexley Association of
Doctors-on-Call Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr H Wahba
Dr S Kailey



REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR



REGISTERED NUMBER: 03246571 (England and Wales)



ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR



BANKERS: The Co-Operative Bank Plc
Heaton House
151-155 Lewisham High St
Lewisham
London
SE13 6AA

The Greenwich & Bexley Association of
Doctors-on-Call Limited (Registered number: 03246571)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
FIXED ASSETS
Tangible assets 4 396,957 397,957

CURRENT ASSETS
Debtors 5 3,700 39,718
Cash at bank 669,744 655,217
673,444 694,935
CREDITORS
Amounts falling due within one year 6 (450,022 ) (492,588 )
NET CURRENT ASSETS 223,422 202,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,379

600,304

RESERVES
Income and expenditure account 620,379 600,304
620,379 600,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Dr H Wahba - Director


The Greenwich & Bexley Association of
Doctors-on-Call Limited (Registered number: 03246571)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Greenwich & Bexley Association of Doctors-on-Call Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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
This represents gross rental income receivable

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 100 years to leave residual value of £326,086
Plant and machinery etc - equally over 3/4/5 years as applicable

TAXATION
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 taxation 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.

DEFERRED TAX
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 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.

GOING CONCERN
On 24th November 2022, the company restructured. The lease with the company's tenant came to an end and the company stopped providing service and administration charges to this tenant.
All staff other than the Directors were made redundant.

A new lease agreement has been agreed with a new tenant, and the company continued to rent its property under the terms of this lease.

The company continues as a going concern. The future of the company and its activities will be discussed at the AGM.

The Greenwich & Bexley Association of
Doctors-on-Call Limited (Registered number: 03246571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 426,086 134,013 560,099
DEPRECIATION
At 1 April 2023 28,129 134,013 162,142
Charge for year 1,000 - 1,000
At 31 March 2024 29,129 134,013 163,142
NET BOOK VALUE
At 31 March 2024 396,957 - 396,957
At 31 March 2023 397,957 - 397,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors - 36,094
Other debtors 3,700 3,624
3,700 39,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Taxation and social security - 9,710
Other creditors 450,022 482,878
450,022 492,588

7. OTHER FINANCIAL COMMITMENTS

The 2017 accounts include a provision for anticipated future medical malpractice insurance. At the time of preparation it was understood that this cost would continue until the year ended 31st March 2018 and these costs were accrued for in the 2017 accounts.

It is now anticipated that medical malpractice insurance will continue to be payable for potentially another 12 years. The malpractice insurance cost currently included in the accounts relates only to the amount paid in 2024 and totals £5,600 (2023 - £5,600).

The Directors are currently consulting with the malpractice insurers to ascertain the total amount payable at the Balance Sheet date.

The Greenwich & Bexley Association of
Doctors-on-Call Limited (Registered number: 03246571)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

The company undertook transactions with Grabadoc Healthcare Society Limited, a company limited by guarantee with substantially the same members as the company, as follows:

At the balance sheet date the company owed £440,842 to Grabadoc Healthcare Society Limited (2023 - £444,681).

9. ULTIMATE CONTROLLING PARTY

The controlling party of the company is the Board which consists of elected representatives of the membership. The ultimate controlling party of the company are the members of the Association.

10. LIMITED BY GUARANTEE

The Company is limited by guarantee and does not have share capital.