LPN Advisory Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12149779 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

LPN ADVISORY LTD

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:

12149779 (England and Wales)

ACCOUNTANTS:

Tiakyfee Consultants Ltd

5 Dukes Close

Alton

Hampshire

GU34 1PH

CURRENT ASSETS

Debtors

4

28,080

325

Cash at bank

31,552

44,596

59,632

44,921

CREDITORS

Amounts falling due within one year

5

17,669

18,779

NET CURRENT ASSETS

41,963

26,142

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,963

26,142

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

41,962

26,141

41,963

26,142

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

LPN Advisory Ltd 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.

The accounts have been prepared on a going concern basis, as in the opinion of the director, the company will become profitable in future years. The director intends to continue to support the company for the foreseeable future.

Turnover

Turnover represents fees receivable.

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.

Rugby football union debenture

The company has purchased a Rugby Football Union debenture which provides a right to apply for and purchase match tickets for a fixed benefit period, with repayment of the principal amount after 75 years and no interest.

The debenture is held to facilitate client entertaining in the ordinary course of trade and is classified as a non-current asset debtor representing a right of access to tickets, rather than as a basic financial instrument.

The debenture is initially recognised at cost when the company becomes party to the contract, including any directly attributable transaction costs.

The debenture is treated as having a finite useful life equal to the contractual 10 year benefit period. It is amortised on a straight-line basis over this period, with the amortisation charge recognised in the profit and loss account within client entertaining or marketing expenses. The amortisation period and method are reviewed at each reporting date and adjusted prospectively if there is a significant change in expected use.

At each reporting date the carrying amount is reviewed for indicators of impairment; where necessary, the asset is written down to its recoverable amount with any impairment loss recognised in the profit and loss account.

Tickets purchased using the debenture are expensed as incurred within client entertaining or marketing costs. Where any tickets are used for staff or directors' private purposes, the related costs are recognised as staff or directors' benefits and, where material, disclosed as related party transactions in accordance with FRS 102 section 1A.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS

31.8.25

31.8.24

£

Amounts falling due within one year:

Other debtors

330

325

Amounts falling due after more than one year:

Other debtors

27,750

-

Aggregate amounts

28,080

325

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Amounts owed to associates

12,500

Taxation and social security

3,794

4,958

Other creditors

1,375

1,321

17,669

18,779

6.	RELATED PARTY DISCLOSURES

Included within amounts owed due to associates is £12,500 (2024: £12,500) due to The London Pain Network Ltd. The London Pain Network Ltd is ultimately controlled by Dr B Thomas, director and shareholder.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr B Thomas.