REGISTERED NUMBER: 12149714 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

THE LONDON PAIN NETWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr B Thomas

REGISTERED OFFICE:

33 Sistova Road

Balham

London

SW12 9QR

REGISTERED NUMBER:

12149714 (England and Wales)

ACCOUNTANTS:

Tiakyfee Consultants Ltd

5 Dukes Close

Alton

Hampshire

GU34 1PH

FIXED ASSETS

Tangible assets

4

34,573

44,383

Investments

5

151,078

-

185,651

44,383

CURRENT ASSETS

Debtors

6

171,431

79,596

Investments

7

45,107

19,973

Cash at bank

106,946

238,545

323,484

338,114

CREDITORS

Amounts falling due within one year

8

64,594

45,301

NET CURRENT ASSETS

258,890

292,813

TOTAL ASSETS LESS CURRENT LIABILITIES

444,541

337,196

PROVISIONS FOR LIABILITIES

8,643

11,096

NET ASSETS

435,898

326,100

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

1,750

456

Retained earnings

434,048

325,544

435,898

326,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 28 May 2026 and were signed by:

Dr B Thomas - Director

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 (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

86,598

Additions

2,474

At 31 August 2025

89,072

DEPRECIATION

At 1 September 2024

42,215

Charge for year

12,284

At 31 August 2025

54,499

NET BOOK VALUE

At 31 August 2025

34,573

At 31 August 2024

44,383

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

151,078

At 31 August 2025

151,078

NET BOOK VALUE

At 31 August 2025

151,078

6.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Trade debtors

10,690

16,178

Amounts owed by associates

12,500

12,500

Other debtors

142,143

50,918

165,333

79,596

Amounts falling due after more than one year:

Other debtors

6,098

-

Aggregate amounts

171,431

79,596

7.	CURRENT ASSET INVESTMENTS

31.8.25

31.8.24

£

£

Unit Trust investment fund

45,107

19,973

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Taxation and social security

60,680

40,907

Other creditors

3,914

4,394

64,594

45,301

9.

RESERVES

Fair

value

reserve

£

At 1 September 2024

456

Fair valuation of investments

1,294

At 31 August 2025

1,750

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Dr B Thomas

Balance outstanding at start of year

36,017

54,692

Amounts advanced

68,791

36,325

Amounts repaid

-

(55,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

104,808

36,017

11.	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 (2024: £12,500) due from LPN Advisory Ltd. LPN Advisory Ltd is ultimately controlled by Dr B Thomas, director and shareholder.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr B Thomas.