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REGISTERED NUMBER: 05872115 (England and Wales)

Professor David Barrett Ltd

Unaudited Financial Statements for the Year Ended 30 June 2025

Professor David Barrett Ltd (Registered number: 05872115)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Professor David Barrett Ltd

Company Information

for the Year Ended 30 June 2025

| DIRECTOR: | Professor D S Barrett

| REGISTERED OFFICE: | 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| REGISTERED NUMBER: | 05872115 (England and Wales)

| ACCOUNTANTS: | Maxwells

| Chartered Accountants

| 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| BANKERS: | HSBC

| 55

| Above Bar Street

| Southampton

| Hampshire

| SO14 7DZ

Professor David Barrett Ltd (Registered number: 05872115)

Abridged Statement of Financial Position

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | 923,677 |  | 1,231,536 |  |

Tangible assets | 6 | 2,970 |  | - |  |

Investments | 7 | 4,322,025 |  | 4,042,648 |  |

Investment property | 8 | 1,554,989 |  | 1,554,989 |  |

6,803,661 |  | 6,829,173 |  |

CURRENT ASSETS

Debtors | 1,693,117 |  | 2,350,026 |  |

Cash at bank | 5,184,947 |  | 3,155,317 |  |

6,878,064 |  | 5,505,343 |  |

CREDITORS

Amounts falling due within one year | 835,404 |  | 435,999 |  |

NET CURRENT ASSETS | 6,042,660 |  | 5,069,344 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,846,321 |  | 11,898,517 |  |

PROVISIONS FOR LIABILITIES | 206,046 |  | 171,983 |  |

NET ASSETS | 12,640,275 |  | 11,726,534 |  |

CAPITAL AND RESERVES

Called up share capital | 11 |  | 11 |  |

Retained earnings | 12,640,264 |  | 11,726,523 |  |

SHAREHOLDERS' FUNDS | 12,640,275 |  | 11,726,534 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Professor David Barrett Ltd (Registered number: 05872115)

Abridged Statement of Financial Position - continued

30 June 2025

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 March 2026 and were signed by:

Professor D S Barrett - Director

Professor David Barrett Ltd (Registered number: 05872115)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Professor David Barrett Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

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

| Goodwill

| Goodwill represents a trademark registered in 2013 which has been recognised at cost and amortised evenly over its estimated useful life of fifteen years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost and 25% on cost

| Investment property

| Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. The property is subsequently measured at fair value which is determined by the director.

| Fixed asset investments

| Investments in unit trusts and investments in corporate bonds are included at market value.

| 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 statement of financial position date.

Professor David Barrett Ltd (Registered number: 05872115)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 4 ) .

5. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 4,617,885 |  |

| AMORTISATION

| At 1 July 2024 | 3,386,349 |  |

| Amortisation for year | 307,859 |  |

| At 30 June 2025 | 3,694,208 |  |

| NET BOOK VALUE

| At 30 June 2025 | 923,677 |  |

| At 30 June 2024 | 1,231,536 |  |

Professor David Barrett Ltd (Registered number: 05872115)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

6. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 July 2024 | 9,035 |  |

| Additions | 4,433 |  |

| At 30 June 2025 | 13,468 |  |

| DEPRECIATION

| At 1 July 2024 | 9,035 |  |

| Charge for year | 1,463 |  |

| At 30 June 2025 | 10,498 |  |

| NET BOOK VALUE

| At 30 June 2025 | 2,970 |  |

| At 30 June 2024 | - |  |

7. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST OR VALUATION

| At 1 July 2024 | 4,042,648 |  |

| Revaluations | 279,377 |  |

| At 30 June 2025 | 4,322,025 |  |

| NET BOOK VALUE

| At 30 June 2025 | 4,322,025 |  |

| At 30 June 2024 | 4,042,648 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Totals

£ |

| Valuation in 2025 | 922,025 |  |

| Cost | 3,400,000 |  |

4,322,025 |  |

Professor David Barrett Ltd (Registered number: 05872115)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

8. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024

| and 30 June 2025 | 1,554,989 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,554,989 |  |

| At 30 June 2024 | 1,554,989 |  |

| The property was purchased in 2021 and the director is satisfied that the there has been no material change to the carrying value.

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

| 30.6.25 |  | 30.6.24

£ | £ |

| Professor D S Barrett

| Balance outstanding at start of year | 2,063,740 |  | - |  |

| Amounts repaid | (1,400,000 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 690,679 |  | 2,063,740 |  |