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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Harbor Global UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71 London Road Sevenoaks Kent TN13 1AX.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a going concern basis notwithstanding net liabilities of £7,360,465 (2023 - £7,610,048 net liabilities).

The directors believe it is appropriate to prepare the financial statements on a going concern basis for the following reasons:

• The intermediate parent company, RCP Legal holdings LLC, has indicated its willingness to support the company for the period of at least 12 months from the date the financial statements have been approved.

• The aspiration of the parent company is to make a return on their capital employed in the company and it is their intention to support the company over the long term.

• The company’s financial performance is improving, partly due to beneficial transfer pricing policies, which the directors believe will enable the company to generate sufficient capital and continuously reduce its net liability position.

However, the directors acknowledge that there are material uncertainties that may cast significant doubt on the company's ability to meet its liabilities as they fall due for a period of at least 12 months from the date the financial statements are approved. This material uncertainty arises, although the intermediate parent company has confirmed its intention to support the company, this support is not legally binding.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Revenue from contracts for the provision of professional services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:

• the amount of revenue can be measured reliably

• it is probable that the company will receive the consideration due under the contract

• the stage of completion of the contract at the end of the reporting period can be measured reliably; and

• the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Short term debtors are measured at transaction price, less any impairment. Loans and other debtors receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors and other current creditors payable on demand are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the profit and loss.

In the application of the company’s accounting policies, the directors are 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 of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

The company has a potential deferred tax asset of £23,850 (2023: £19,126, restated from £1,813,325) primarily in respect of trading losses, measured at a rate of 25% (2023- 25%). This potential deferred tax asset has not been recognised as there is insufficient persuasive evidence that the losses will be utilised in the foreseeable future.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Material uncertainty related to going concern

We draw attention to note 1.2 in the financial statements, which states that the company’s current liabilities exceeds its total assets by £7,360,465 (2023: £7,610,048) . These conditions, along with other matters set forth in note 1.2 indicate that a material uncertainty exists that may cast doubt on the company’s ability to continue as a going concern.

Our opinion is not modified in respect of this matter.

On 1 February 2024, a fixed and floating charge was registered over the Company’s assets by its parent, RCP Legal Holdings, LLC, in favour of Freeport Financial Partners LLC. The charge was created to secure borrowings under the parent’s Amended and Restated Credit Facility, which includes term and revolving loan components maturing on 28 February 2027.

The floating charge covers all property and the undertaking of the Company. The Company is not a party to the facility and has not provided a guarantee.

The charge remains outstanding at the reporting date. Management has assessed the impact of the arrangement and determined that no impairment of the affected assets is required.

On 1 April 2025, all employees of Harbor Global UK Limited transferred to Harbor Global UK Professional Services Limited under TUPE.

Following the year end, the group was acquired by Monarch Group Holding, which is now the ultimate parent undertaking.

In addition, subsequent to the year-end, the fixed and floating charge registered on 1 February 2024 over the Company’s assets in favour of Freeport Financial Partners LLC was satisfied.

The parent company of Harbor Global UK Limited is Harbor Global LLC registered in Delaware, USA.