HR Path UK Ltd

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Retained earnings £	Total £
At 1 April 2024	100	113,572	113,672
Profit for the year	-	193,596	193,596
At 31 March 2025	100	307,168	307,268

	Share capital £	Retained earnings £	Total £
At 1 April 2023	100	(12,584)	(12,484)
Profit for the year	-	126,156	126,156
At 31 March 2024	100	113,572	113,672

HR Path UK Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
The Hour House
32 High Street
Rickmansworth
WD3 1ER

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.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 29 December 2025 was Rajinder Basra, who signed for and on behalf of Cameron & Associates Limited.

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:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

HR Path UK Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 27 (2024 - 10).

HR Path UK Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible Assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	21,681	21,681
Additions	20,736	20,736
At 31 March 2025	42,417	42,417
Depreciation
At 1 April 2024	15,620	15,620
Charge for the year	6,432	6,432
At 31 March 2025	22,052	22,052
Carrying amount
At 31 March 2025	20,365	20,365
At 31 March 2024	6,061	6,061

5

Stocks

	2025 £	2024 £
Work in progress	47,159	4,793

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		(424)	-
Amounts owed by related parties	9	4,138,647	2,840,784
Prepayments		4,200	-
Other debtors		49,441	71,863
		4,191,864	2,912,647

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	1,239,343	892,514
Trade creditors		34,293	31,361
Amounts owed to related parties	9	2,535,404	1,937,062
Taxation and social security		177,311	50,228
Accruals and deferred income		(433)	18,275
Other creditors		177,930	109,020
		4,163,848	3,038,460

HR Path UK Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	1,239,343	892,514

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	142,166	136,285

Summary of transactions with associates

During the year the company provided services to associated companies in the sum of £2,606,363 (2024: £1,923,843) and purchased services from associated companies in the sum of £638,365 (2024: £344,084).

At 31 March 2025 the company was owed £4,138,647 (2024: £2,840,784) by associated companies and owed £2,535,404 (2024: £1,937,062) to associated companies.
All transactions with associate companies are conducted at arm's length and on a commercial basis.

10	Parent and ultimate parent undertaking

The company's immediate parent is HR-Path SAS, incorporated in France.

 The most senior parent entity producing publicly available financial statements is HR-Path SAS. These financial statements are available upon request from 100-101 Terrasse Boieldieu, La Defense 8, Tour Frankllin 11 Etage, Paris La Defense Cedex, France, 92 042