Company No: 06185936 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Dr S H Jacobson
	D E Jacobson (Appointed 26 November 2024)

SECRETARY

G S Coopey

REGISTERED OFFICE	41 Great Portland Street
	London
	W1W 7LA
	United Kingdom

COMPANY NUMBER

06185936 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Onslow House
	Onslow Street
	Guildford
	GU1 4TL

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	159,167		100,120
		159,167		100,120
Current assets
Debtors	6	1,511,395		1,692,000
Cash at bank and in hand		2,655,162		2,100,630
		4,166,557		3,792,630
Creditors: amounts falling due within one year	7	( 572,098)		( 604,466)
Net current assets		3,594,459		3,188,164
Total assets less current liabilities		3,753,626		3,288,284
Provision for liabilities	8	( 38,985)		( 24,678)
Net assets		3,714,641		3,263,606
Capital and reserves
Called-up share capital		100		100
Share premium account		699,835		699,835
Profit and loss account		3,014,706		2,563,671
Total shareholder's funds		3,714,641		3,263,606

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Harley Therapy Limited (registered number: 06185936) were approved and authorised for issue by the Board of Directors on 30 October 2025. They were signed on its behalf by:

Dr S H Jacobson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harley Therapy Limited is a private limited company, limited by shares and registered in England and Wales. The company's registration number is 06185936 and its registered office address is 41 Great Portland Street, London, W1W 7LA.

These financial statements are prepared in accordance with Section 1A of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” as applied in the context of the small entities regime and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

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. Revenue is measured as 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 revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of 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.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employee benefits

Defined contribution schemes
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Taxation

Current tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other
comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	8 years straight line
Website costs	3 years straight line

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life of 8 years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Vehicles	8 years straight line
Fixtures and fittings	3 years straight line
Other property, plant and equipment	3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans 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.

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 equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors 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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Provisions

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2. Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		6

4. Intangible assets

	Goodwill		Website costs		Total
	£		£		£
Cost
At 01 April 2024	650,000		60,312		710,312
At 31 March 2025	650,000		60,312		710,312
Accumulated amortisation
At 01 April 2024	650,000		60,312		710,312
At 31 March 2025	650,000		60,312		710,312
Net book value
At 31 March 2025	0		0		0
At 31 March 2024	0		0		0

5. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 April 2024	166,031		0		0		166,031
Additions	124,427		0		0		124,427
Disposals	( 61,091)		0		0		( 61,091)
At 31 March 2025	229,367		0		0		229,367
Accumulated depreciation
At 01 April 2024	65,911		0		0		65,911
Charge for the financial year	22,107		0		0		22,107
Disposals	( 17,818)		0		0		( 17,818)
At 31 March 2025	70,200		0		0		70,200
Net book value
At 31 March 2025	159,167		0		0		159,167
At 31 March 2024	100,120		0		0		100,120

6. Debtors

	2025		2024
	£		£
Trade debtors	269,283		280,861
Amounts owed by Group undertakings	1,204,001		1,370,490
Prepayments	19,180		25,671
Other debtors	18,931		14,978
	1,511,395		1,692,000

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,073		14,103
Amounts owed to Group undertakings	7,389		9,709
Accruals	4,200		5,000
Corporation tax	34,950		90,036
Other taxation and social security	12,613		0
Other creditors	510,873		485,618
	572,098		604,466

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 24,678)		( 29,884)
(Charged)/credited to the Profit and Loss Account	( 14,307)		5,206
At the end of financial year	( 38,985)		( 24,678)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 39,792)		( 25,030)
Other timing differences	807		352
	( 38,985)		( 24,678)

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	62,642		308,736
between one and five years	281,866		17,650
Total future minimum lease payments under non-cancellable operating leases	344,508		326,386

Pensions

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £69,429 (2024: £78,403). At the year end, an amount of £3,228 (2024: £1,409) was still outstanding.

10. Related party transactions

Transactions with owners holding a participating interest in the entity

Included in debtors is an amount of £1,204,001 (2024: £1,370,490) due from companies with common ownership, on an interest free basis and repayable on demand. During the year nil (2024: £246,594) was paid to the companies, and a further £166,488 (2024: £325,516) was repaid by these companies. Included in creditors is an amount of £7,389 (2024: £9,709) due to the parent company, on an interest free basis and repayable on demand.

11. Ultimate controlling party

Parent Company:

Harley Therapy Holdings Ltd

41 Great Portland Street, London, W1W 7LA