REGISTERED NUMBER: 07960177 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

POLICY RESEARCH UNIT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J F Pawsey

E Williams

E S Wheeler

REGISTERED OFFICE:

East Cloister

House of Commons

London

SW1A 0AA

REGISTERED NUMBER:

07960177 (England and Wales)

AUDITORS:

George Hay & Company

Chartered Accountants

& Statutory Auditors

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

3,339

6,867

CURRENT ASSETS

Debtors

5

20,740

1,128,778

Cash at bank

629,899

674,467

650,639

1,803,245

CREDITORS

Amounts falling due within one year

6

16,458

1,130,551

NET CURRENT ASSETS

634,181

672,694

TOTAL ASSETS LESS CURRENT LIABILITIES

637,520

679,561

RESERVES

Income and expenditure account

7

637,520

679,561

637,520

679,561

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2025 and were signed on its behalf by:

M J F Pawsey - Director

1.	STATUTORY INFORMATION

Policy Research Unit Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2024

and 31st March 2025

90,956

DEPRECIATION

At 1st April 2024

84,089

Charge for year

3,528

At 31st March 2025

87,617

NET BOOK VALUE

At 31st March 2025

3,339

At 31st March 2024

6,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Subscription debtors

-

1,114,745

Other debtors

4,192

1,508

Prepayments and accrued income

16,548

12,525

20,740

1,128,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,738

1,137

Other creditors

6,100

6,581

Deferred income

-

1,114,465

Accrued expenses

8,620

8,368

16,458

1,130,551

7.

RESERVES

Income

and

expenditure

account

£

At 1st April 2024

679,561

Deficit for the year

(42,041

)

At 31st March 2025

637,520

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Fox (Senior Statutory Auditor)

for and on behalf of George Hay & Company

9.	LIMITED BY GUARANTEE

The company is limited by guarantee. In the event of a winding up, the members undertake to contribute such amounts as may be required, but not to exceed the sum of £1 in the case of any member, in accordance with Article 4 of the company.