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Registration number: 04803452

Health Psychology Research Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Health Psychology Research Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 14

Health Psychology Research Ltd

Company Information

Directors | Professor Clare Bradley Mr MBJ Gilbride Charles Jonathan Bradley-Gilbride Michelle Dawn Mills Taylor

Company secretary | Charles Jonathan Bradley-Gilbride

Registered office | 2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

Accountants | Russell Phillips Limited Chartered Accountants2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

Health Psychology Research Ltd

Directors' Report for the Year Ended 30 June 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors of the company

The directors who held office during the year were as follows:

Professor Clare Bradley

Mr MBJ Gilbride

Charles Jonathan Bradley-Gilbride - Company secretary and director

Michelle Dawn Mills Taylor

Principal activity

The principal activity of the company is research and consultancy in health psychology

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 October 2025 and signed on its behalf by:

......................................... Professor Clare Bradley Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Health Psychology Research Ltd
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Health Psychology Research Ltd for the year ended 30 June 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Health Psychology Research Ltd, as a body, in accordance with the terms of our engagement letter dated 4 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Health Psychology Research Ltd and state those matters that we have agreed to state to the Board of Directors of Health Psychology Research Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Health Psychology Research Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Health Psychology Research Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Health Psychology Research Ltd. You consider that Health Psychology Research Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Health Psychology Research Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Russell Phillips Limited
Chartered Accountants
2nd Floor
Gerrards Cross Memorial Centre
8 East Common
Gerrards Cross
Buckinghamshire
SL9 7AD

23 October 2025

Health Psychology Research Ltd

Profit and Loss Account for the Year Ended 30 June 2025

| Note | 2025 £ | 2024 £
Turnover |  | 1,165,750 | 1,451,675
Gross profit |  | 1,165,750 | 1,451,675
Administrative expenses |  | (1,222,894) | (1,267,441)
Operating (loss)/profit |  | (57,144) | 184,234
Other interest receivable and similar income |  | 23,095 | 40,282
Interest payable and similar expenses |  | (1,719) | (531)
|  | 21,376 | 39,751
(Loss)/profit before tax | 4 | (35,768) | 223,985
Tax on (loss)/profit |  | - | (46,583)
(Loss)/profit for the financial year |  | (35,768) | 177,402

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Health Psychology Research Ltd

Statement of Comprehensive Income for the Year Ended 30 June 2025

| 2025 £ | 2024 £
(Loss)/profit for the year | (35,768) | 177,402
Total comprehensive income for the year | (35,768) | 177,402

Health Psychology Research Ltd

(Registration number: 04803452)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 2,400,548 | -
Tangible assets | 6 | 45,265 | 52,686
|  | 2,445,813 | 52,686
Current assets |  |  |
Debtors | 7 | 166,626 | 1,185,006
Cash at bank and in hand |  | 396,592 | 1,832,422
|  | 563,218 | 3,017,428
Creditors: Amounts falling due within one year | 8 | (55,927) | (81,242)
Net current assets |  | 507,291 | 2,936,186
Net assets |  | 2,953,104 | 2,988,872
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | 2,952,104 | 2,987,872
Shareholders' funds |  | 2,953,104 | 2,988,872

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 22 October 2025 and signed on its behalf by:

......................................... Professor Clare Bradley Director |  |

Health Psychology Research Ltd

Statement of Changes in Equity for the Year Ended 30 June 2025

| Share capital £ | Retained earnings £ | Total £
At 1 July 2024 | 1,000 | 2,987,872 | 2,988,872
Loss for the year | - | (35,768) | (35,768)
At 30 June 2025 | 1,000 | 2,952,104 | 2,953,104

| Share capital £ | Retained earnings £ | Total £
At 1 July 2023 | 1,000 | 2,810,470 | 2,811,470
Profit for the year | - | 177,402 | 177,402
At 30 June 2024 | 1,000 | 2,987,872 | 2,988,872

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
Gerrards Cross Memorial Centre
8 East Common
Gerrards Cross
Buckinghamshire
SL9 7AD

The principal place of business is:
188 High Street
Egham
Surrey
TW20 9ED

These financial statements were authorised for issue by the Board on 22 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% on reducing balance

Intangible assets

Intellectual property rights are amortised over 10 years on a straight line basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 11).

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 15,088 | 17,562
Amortisation expense | 199,452 | -

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
Additions acquired separately | 2,600,000 | 2,600,000
At 30 June 2025 | 2,600,000 | 2,600,000
Amortisation
Amortisation charge | 199,452 | 199,452
At 30 June 2025 | 199,452 | 199,452
Carrying amount
At 30 June 2025 | 2,400,548 | 2,400,548

The aggregate amount of research and development expenditure recognised as an expense during the period is £129,680 (2024 - £50,986).
On 23 October 2024, Company acquired intellectual property rights to Patient Reported Outcome Questionnaires from Professor Clare Bradley, a director, at the market value of £2,600,000.

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 45,739 | 105,929 | 151,668
Additions | - | 7,667 | 7,667
At 30 June 2025 | 45,739 | 113,596 | 159,335
Depreciation
At 1 July 2024 | 11,435 | 87,547 | 98,982
Charge for the year | 8,576 | 6,512 | 15,088
At 30 June 2025 | 20,011 | 94,059 | 114,070
Carrying amount
At 30 June 2025 | 25,728 | 19,537 | 45,265
At 30 June 2024 | 34,304 | 18,382 | 52,686

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 153,300 | 156,133
Other debtors | 13,326 | 1,028,873
| 166,626 | 1,185,006

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 36,837 | 10,858
Taxation and social security | 11,138 | 54,766
Accruals and deferred income | 6,000 | 13,322
Other creditors | 1,952 | 2,296
| 55,927 | 81,242

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000

10 | Related party transactions

Professor Clare Bradley, a director, was paid a royalty amounting to £236,800 (2024 £647,406).
On 23 October 2024, Company acquired intellectual property rights to her Patient Reported Outcome Questionnaires at the market value of £2,600,000. £1,000,000 loaned to her, interest free, last year, part of other debtors in note 7, was settled as part of this transaction. No royalty is payable to her after this date.

Health Psychology Research Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 235,048 | 145,525
Contributions paid to money purchase schemes | 22,258 | 17,709
| 257,306 | 163,234