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REGISTERED NUMBER: 12149714 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE LONDON PAIN NETWORK LIMITED

THE LONDON PAIN NETWORK LIMITED (REGISTERED NUMBER: 12149714)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE LONDON PAIN NETWORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Dr B Thomas





REGISTERED OFFICE: Energique
Anstey Lane
Alton
Hampshire
GU34 2NB





REGISTERED NUMBER: 12149714 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

THE LONDON PAIN NETWORK LIMITED (REGISTERED NUMBER: 12149714)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 44,383 30,533

CURRENT ASSETS
Debtors 5 79,596 81,567
Investments 6 19,973 -
Cash at bank 238,545 212,888
338,114 294,455
CREDITORS
Amounts falling due within one year 7 45,301 31,329
NET CURRENT ASSETS 292,813 263,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,196

293,659

PROVISIONS FOR LIABILITIES 11,096 7,633
NET ASSETS 326,100 286,026

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 456 -
Retained earnings 325,544 285,926
326,100 286,026

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

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

The director acknowledges his 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 profit or loss 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 director and authorised for issue on 23 May 2025 and were signed by:





Dr B Thomas - Director


THE LONDON PAIN NETWORK LIMITED (REGISTERED NUMBER: 12149714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

The London Pain Network Limited is a private company, limited by shares , 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
Turnover represents fees receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

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.

3. EMPLOYEES AND DIRECTORS

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

THE LONDON PAIN NETWORK LIMITED (REGISTERED NUMBER: 12149714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 56,245
Additions 30,353
At 31 August 2024 86,598
DEPRECIATION
At 1 September 2023 25,712
Charge for year 16,503
At 31 August 2024 42,215
NET BOOK VALUE
At 31 August 2024 44,383
At 31 August 2023 30,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 16,178 14,072
Amounts owed by associates 12,500 12,500
Other debtors 50,918 54,995
79,596 81,567

6. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Unit Trust investment fund 19,973 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 40,907 26,866
Other creditors 4,394 4,463
45,301 31,329

8. RESERVES
Fair
value
reserve
£   
Fair valuation of investments 456

At 31 August 2024 456

THE LONDON PAIN NETWORK LIMITED (REGISTERED NUMBER: 12149714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Dr B Thomas
Balance outstanding at start of year 54,692 20,588
Amounts advanced 36,325 55,104
Amounts repaid (55,000 ) (21,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,017 54,692

10. RELATED PARTY DISCLOSURES

Interest has been charged at the HMRC rate on the overdrawn loan account balance and is included within interest receivable.

Included within amounts owed from associates is £12,500 (2023: £12,500) due from LPN Advisory Ltd. LPN Advisory Ltd is ultimately controlled by Dr B Thomas, director and shareholder.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr B Thomas.