The United Kingdom Science Park Association

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02601480

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,001		1,542

			2,001		1,542
CURRENT ASSETS
Stocks	5	1,000		1,000
Debtors	6	39,854		41,936
Cash at bank and in hand		302,315		342,856

		343,169		385,792
Creditors: Amounts Falling Due Within One Year	7	(102,308 )		(87,320 )

NET CURRENT ASSETS (LIABILITIES)			240,861		298,472

TOTAL ASSETS LESS CURRENT LIABILITIES			242,862		300,014

NET ASSETS			242,862		300,014

Income and Expenditure Account			242,862		300,014

MEMBERS' FUNDS			242,862		300,014

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The United Kingdom Science Park Association

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Dr Sally Basker

Director

10 October 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The United Kingdom Science Park Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 02601480 . The registered office is Garden Cottage Chesterford Research Park, Little Chesterford, Saffron Walden, Essex, CB10 1XL.

The company carries on the following principal activities :

1. To assist the membership in the development of science parks having formal and operations links with an associated educational institution or major centre of research, designed to aid the transfer of technology and business skills to encourage the formation and growth of business enterprises.

2. To promote awareness and understanding of science parks and provide information on their objectives, progress, achievements and assist in their development.

3. To facilitate the interchange of concepts, ideas and operational experience between those most directly involved in the management of collaborative initiatives between managers and science parks.

4. To assist those engaged in the planning, development and management of science parks by communicating and promoting best practice experience.

5. To promote additional initiatives of value to tenants of science parks.

The directors have reviewed the strategic plan of the organisation and continue to follow the primary objectives determined to be :

1. To consolidate the position of the Association as the authoritative voice of the UK science park and innovation movement.

2. To promote the Association, new ideas and activities relevant to science parks and innovation, and to encourage best practice and support appropriate training.

3. To effectively deploy the resources of the Association and to seek new revenues to develop an organisation which is viable, professional and effective in all activities.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises membership subscriptions and conferences.

Membership subscriptions, on receipt, are deferred and released to income over the period to which membership relates.

Conference income include fees from registrations, sponsorship and exhibitor fees. These are recognised at the point in time when the conference takes place as this is when the performance obligation is fulfilled. Payments in advance of a conference are deferred until the event takes place.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25%
Office Equipment	25%

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The United Kingdom Science Park Association

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

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The United Kingdom Science Park Association

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2024	31,830	12,160	43,990
Additions	-	1,127	1,127

As at 31 March 2025	31,830	13,287	45,117

Depreciation
As at 1 April 2024	31,624	10,824	42,448
Provided during the period	52	616	668

As at 31 March 2025	31,676	11,440	43,116

Net Book Value
As at 31 March 2025	154	1,847	2,001

As at 1 April 2024	206	1,336	1,542

5. Stocks

	2025	2024
	£	£
Stock	1,000	1,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	33,702	35,081
Prepayments and accrued income	6,152	6,855

	39,854	41,936

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	16,561	1,270
Other taxes and social security	11,052	13,707
Other creditors and accruals	7,851	7,981
Deferred income	66,844	64,362

	102,308	87,320

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The United Kingdom Science Park Association

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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