Gwent Local Medical Committee Limited

	Page
Company Information	1
Abridged Balance Sheet	2
Notes to the Abridged Financial Statements	3—4

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Page 2

Abridged Balance Sheet

As At 31 March 2025

Abridged Balance Sheet

Registered number: 06568395

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		8

			-		8
CURRENT ASSETS
Debtors		66,849		68,204
Cash at bank and in hand		25,148		29,615

		91,997		97,819
Creditors: Amounts Falling Due Within One Year		(4,921 )		(15,114 )

NET CURRENT ASSETS (LIABILITIES)			87,076		82,705

TOTAL ASSETS LESS CURRENT LIABILITIES			87,076		82,713

NET ASSETS			87,076		82,713

Income and Expenditure Account			87,076		82,713

MEMBERS' FUNDS			87,076		82,713

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board of directors on 28 November 2025 and were signed on its behalf by:

Dr N Collins Director	Dr D S Bailey Director
28 November 2025

The notes on pages 3 to 4 form part of these financial statements.

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Gwent Local Medical Committee Limited

Notes to the Abridged Financial Statements

For The Year Ended 31 March 2025

Notes to the Abridged Financial Statements

1. General Information

Gwent Local Medical Committee Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06568395 . The registered office is 1st Floor, Cwmbran House, Mamhilad Park Estate, Pontypool, Torfaen, NP4 0XS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

In the application of the company‘s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	450
Disposals	(450 )

As at 31 March 2025	-

Depreciation
As at 1 April 2024	442
Provided during the period	2
Disposals	(444 )

As at 31 March 2025	-

...CONTINUED

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Gwent Local Medical Committee Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	8

5. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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Directors	Dr S J Fairweather
	Dr N Collins
	Dr D S Bailey
	Mr G J Oelmann

Company Number	06568395

Registered Office	1st Floor, Cwmbran House
	Mamhilad Park Estate
	Pontypool
	Torfaen
	NP4 0XS

Accountants	HSJ Accountants Ltd
	Severn House
	Hazell Drive
	Newport
	NP10 8FY