Registered number
11694875
REFORM 2025 LTD
Filleted Accounts
31 December 2024
REFORM 2025 LTD
Registered number: 11694875
Statement of Financial Position
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 11 12,960 1
Current assets
Debtors 12 434,736 18,045
Cash at bank and in hand 1,502,587 178,523
1,937,323 196,568
Creditors: amounts falling due within one year 13 (628,766) (193,181)
Net current assets 1,308,557 3,387
Total assets less current liabilities 1,321,517 3,388
Creditors: amounts falling due after more than one year 14 (883,000) (1,083,000)
Net assets/(liabilities) 438,517 (1,079,612)
Capital and reserves
Called up share capital 15 15
General Fund 438,502 (1,079,627)
438,517 (1,079,612)
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board Members on 5 July 2025 and signed on their behalf by:
……………………….
R Tice
05 July 2025
REFORM 2025 LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
General information and basis of preparation
Reform UK Party Limited is incorporated by law and thus bound by Companies Act 2006. It is a private company limited by shares incorporated in England & Wales. The party is also required to prepare financial statements in accordance with the Political Parties, Elections and Referendums Act 2000 ("PPERA"), accordingly the statements follow the format recommended by the Electoral Commission.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
In common with other political parties, the Party relies on donations and fundraising income to meet a large proportion of its expenditure, including most of its non-recurring expenditure. The nature of such income is that there is some unpredictability associated with it which may cast doubt on the ability to continue as a going concern should sufficient donations or income not be received by Party.

The Directors and Treasurer have reviewed the forecasts and budgets for the Party for the period of 12 months from the date of signing the financial statements and are satisfied that sufficient donations, fundraising income and funds from other sources will be available for the Party to meet its financial obligations and to achieve its organisational and political objectives. On this basis, the Directors considers that it is appropriate to prepare the accounts on a going concern basis. The directors loans are to help grow the party and are expected to remain in place for the next twelve months minimum.
Financial accounting
The Party's financial statements do not include the income of regional, branch or constituency associations. Financial administration of these activities at by-elections, and constituency campaigns are dealt with at the appropriate level.
Income recognition
Income is measured at the fair value of the consideration received or receivable net of trade discounts.
Income is recognised when all of the following conditions have been met:
The Party is entitled to the asset;
There is reasonable certainty that the asset will be received; and
The value of the asset can be measured with reasonable certainty.
Applying these criteria to specific types of income results in the following treatment:
Donations of monetary assets and fundraising income are recognised at market value in the income and expenditure account on receipts.
Interest receivable is recognised in the income and expenditure account on an accrual basis;
Commercial income is recognised in the income and expenditure account on an accrual basis.
The Party's share of income from membership fees and levies are recognised when they are received. Renewals are only recognised if they have been received before the approval of the financial statement and it is clear that the receipt is not related to events that occured since the relevant financial year end. Loans payable that are waived are treated as donations in the period in which the loans are waived. All incoming resources are reported gross in the accounts.
Where an organisation or individual bears the costs of goods or services that the Party would otherwise have been liable for, that cost is referred to as notional expenditure and the Party is deemed to have received notional income.Notional income and expenditure are presented separately in the income and expenditure account. Gifts of tangible fixed assets are recognised as income according to their current value on the date they are received. Work carried out for the Party by volunteers who provide their own time free of charge is not treated as a notional income.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant which does not specify performance conditions is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% straight line per annum
Fixtures and equipment 25% straight line per annum
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The Party is treated as an incorporated association for tax purposes and is therefore liable to corporation tax on its investment income. It also bears tax on any investment transactions that give rise to capital gains. Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. No deferred tax is recognised as any investment income is taxed on the same basis as it is recognised in the income and expenditure account.
Provisions
Provisions are recognised when the Party has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash and cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisitions and are readily convertible to known amounts of cash with insignificant risk of change in value.
Pension costs
Contributions to the Party's defined contribution pension scheme are charged to the Income and Expenditure account in the year in which they become payable.
Financial Instruments
Basic financial instruments consist of cash and cash equivalents and basic debt instruments. Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income and expenditure account.
Expenditure recognition
In accordance with General accepted accounting principles all expenditure and costs are accounted for on an accrual basis.
2 Donation income
Under section 62 PPERA single or aggregated donations from an individual greater than £11,180 in any calendar year are reportable to The Electoral Commission. During the year the company received cash donations of £5,861,950 (2023: £1,345,614), of which £2,995,660 were reported to the Electoral Commission during the period (2023: £295,000). The party's administrative staff check the permissibility of all donors (as defined by Section 54 PPERA) who make individual donations of more than £500.
3 Income from commercial activities 2024 2023
£ £
Merchandise sales and events 438,296 -
438,296 -
4 Membership income 2024 2023
£ £
Membership fees received directly by the party 4,344,371 -
4,344,371 -
5 Investment income 2024 2023
£ £
Bank interest received 1,874 -
1,874 -
Investment income, when it arises, consists of bank interest income.
6 Miscellaneous income 2024 2023
£ £
Parliamentary activities 186,225 7,417
186,225 7,417
7 Surplus (Deficit) before and after taxation 2024 2023
£ £
The deficit before and after taxation is stated after charging:
Auditors remuneration - audit services 21,000 21,000
Depreciation 1,710 -
8 Audit information
The audit report is unqualified.
Senior statutory auditor: Ravi Koppa
Firm: CK Partnership
Date of audit report: 5 July 2025
9 Staff costs and remuneration

Staff costs for the above persons comprise:
2024 2023
£ £
Wages and Salaries 655,298 402,108
Social Security 76,255 34,005
Pension 9,593 8,472
741,146 444,585
Neither the Leader nor the Party President received any remuneration from the Party.
2024 2023
Number Number
Average number of persons employed by the company 14 12
2024 2023
£ £
Average Cost of each staff member 52,939 37,049
10 Financing charges 2024 2023
£ £
Bank charges and payment processing charges 236,167 56,515
236,167 56,515
11 Tangible fixed assets
Fixtures & equipment Computer equipment Total
£ £ £
Cost
At 1 January 2024 8,100 9,156 17,256
Additions 4,958 9,711 14,669
At 31 December 2024 13,058 18,867 31,925
Depreciation
At 1 January 2024 8,099 9,156 17,255
Charge for the year 103 1,607 1,710
At 31 December 2024 8,202 10,763 18,965
Net book value
At 31 December 2024 4,856 8,104 12,960
At 31 December 2023 1 - 1
12 Debtors 2024 2023
£ £
Prepayments 73,383 2,225
Other debtors 361,353 15,820
434,736 18,045
13 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 496,464 112,512
Taxation and social security costs 53,335 51,512
Other creditors 78,967 29,157
628,766 193,181
14 Creditors: amounts falling due after one year 2024 2023
£ £
Loans from related parties 883,000 1,083,000
There is a Directors loan to the party outstanding at 31 December 2024 for £883,000 (2023: £1,083,000) The loan is a non interest bearing loan, with no fixed repayment date and is subject to regular reviews and repayments are made by the Party ad hoc when sufficient financial resources are available.
15 General Fund 2024 2023
£ £
Balance at 1 January 2024 (1,079,627) (1,106,065)
Surplus (Deficit) for the year 1,518,129 26,438
Balance at 31 December 2024 438,502 (1,079,627)
16 Capital commitments
There were no capital commitments at the period end.
17 Contingent liabilities
There are no contingent liabilities as at the year end or the date of signing of this report.
18 Post balance sheet events
As of 10 June 2024 £200,000 repayment was made against the outstanding director's loan balance of £1,083,000.
19 Controlling party
The ultimate controlling party is Reform UK Party Limited (Company number 16260766). This is a company Limited by Guarantee.
20 Other information
REFORM 2025 LTD is a private company limited by shares and incorporated in England. Its registered office is:
Milbank Tower
21-24 Millbank
London
SW1P 4QP
REFORM 2025 LTD 11694875 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 ………………………. No description of principal activity 11694875 2023-01-01 2023-12-31 11694875 core:WithinOneYear 2023-12-31 11694875 core:AfterOneYear 2023-12-31 11694875 core:ShareCapital 2023-12-31 11694875 core:RetainedEarningsAccumulatedLosses 2023-12-31 11694875 2024-01-01 2024-12-31 11694875 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11694875 bus:Audited 2024-01-01 2024-12-31 11694875 bus:Director40 2024-01-01 2024-12-31 11694875 core:PlantMachinery 2024-01-01 2024-12-31 11694875 core:Vehicles 2024-01-01 2024-12-31 11694875 countries:England 2024-01-01 2024-12-31 11694875 bus:FRS102 2024-01-01 2024-12-31 11694875 bus:FilletedAccounts 2024-01-01 2024-12-31 11694875 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11694875 2024-12-31 11694875 core:WithinOneYear 2024-12-31 11694875 core:AfterOneYear 2024-12-31 11694875 core:ShareCapital 2024-12-31 11694875 core:RetainedEarningsAccumulatedLosses 2024-12-31 11694875 core:PlantMachinery 2024-12-31 11694875 core:Vehicles 2024-12-31 11694875 2023-12-31 11694875 core:PlantMachinery 2023-12-31 11694875 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure