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PATH LAB LIMITED

Registered Number
07964555
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

PATH LAB LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

HABOUBI, Najib Yacoub, Professor

Registered Address

Springfield House
Water Lane
Wilmslow
SK9 5BG

Registered Number

07964555 (England and Wales)
PATH LAB LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets32,8263,030
Investments41,916,1001,852,336
1,918,9261,855,366
Current assets
Debtors188,878-
Cash at bank and on hand205,731265,240
394,609265,240
Creditors amounts falling due within one year(88,875)(116,770)
Net current assets (liabilities)305,734148,470
Total assets less current liabilities2,224,6602,003,836
Net assets2,224,6602,003,836
Capital and reserves
Called up share capital1010
Profit and loss account2,224,6502,003,826
Shareholders' funds2,224,6602,003,836
The financial statements were approved and authorised for issue by the Director on 7 August 2025, and are signed on its behalf by:
HABOUBI, Najib Yacoub, Professor
Director
Registered Company No. 07964555
PATH LAB LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery2020
Fixtures and fittings2020
Vehicles1818
Office Equipment2020
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20252024
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 249,262
Additions1,873
At 31 March 2511,135
Depreciation and impairment
At 01 April 246,232
Charge for year2,077
At 31 March 258,309
Net book value
At 31 March 252,826
At 31 March 243,030
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 241,852,336
Additions152,556
Disposals(88,792)
At 31 March 251,916,100
Net book value
At 31 March 251,916,100
At 31 March 241,852,336