IRIS Accounts Production v26.1.0.640 08326304 Board of Directors 1.1.25 31.12.25 31.12.25 No description of principal activity 0 0 false true false false true true Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08326304 2024-12-31 08326304 2025-12-31 08326304 2025-01-01 2025-12-31 08326304 2023-12-31 08326304 2024-01-01 2024-12-31 08326304 2024-12-31 08326304 ns15:EnglandWales 2025-01-01 2025-12-31 08326304 ns14:PoundSterling 2025-01-01 2025-12-31 08326304 ns10:Director1 2025-01-01 2025-12-31 08326304 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08326304 ns10:SmallEntities 2025-01-01 2025-12-31 08326304 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08326304 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 08326304 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08326304 ns10:FullAccounts 2025-01-01 2025-12-31 08326304 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 08326304 ns10:Director2 2025-01-01 2025-12-31 08326304 ns10:RegisteredOffice 2025-01-01 2025-12-31 08326304 ns5:CurrentFinancialInstruments 2025-12-31 08326304 ns5:CurrentFinancialInstruments 2024-12-31 08326304 ns5:ShareCapital 2025-12-31 08326304 ns5:ShareCapital 2024-12-31 08326304 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 08326304 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08326304 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 08326304 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| NOVARAD UK LIMITED |

NOVARAD UK LIMITED (REGISTERED NUMBER: 08326304)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

NOVARAD UK LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | M R Chandler

| R J Mathews

| REGISTERED OFFICE: | 10 John Street

| London

| WC1N 2EB

| REGISTERED NUMBER: | 08326304 (England and Wales)

NOVARAD UK LIMITED (REGISTERED NUMBER: 08326304)

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

CREDITORS

Amounts falling due within one year | 4 | 556,703 |  | 556,703 |  |

NET CURRENT LIABILITIES | (556,703 | ) | (556,703 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (556,703 | ) | (556,703 | ) |

CAPITAL AND RESERVES

Called up share capital | 5 | 1 |  | 1 |  |

Retained earnings | (556,704 | ) | (556,704 | ) |

SHAREHOLDERS' FUNDS | (556,703 | ) | (556,703 | ) |

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 7 April 2026 and were signed on its behalf by:

M R Chandler - Director

NOVARAD UK LIMITED (REGISTERED NUMBER: 08326304)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Novarad UK Limited 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. | 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.

| The company's ultimate parent company, Novarad Inc. have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for the foreseeable future being at least one year and one day after the signing of the audit report. As a result of this commitment the Directors have continued to adopt the going concern basis in preparing these financial statements.

| The going concern basis is still adopted despite the company ceasing to trade as there is no material difference between the break-up or going concern basis. The company wishes to remain open as they may begin trading again in the future.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Financial instruments

| Basic financial instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS 102.

3. | EMPLOYEES AND DIRECTORS

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

4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts owed to group undertakings | 553,703 |  | 553,703 |  |

| Other creditors & accruals | 3,000 |  | 3,000 |  |

556,703 |  | 556,703 |  |

NOVARAD UK LIMITED (REGISTERED NUMBER: 08326304)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

| Ordinary shares have full and equal rights to participate in voting in all circumstances and in dividends and in capital distributions, whether on a winding up or otherwise. The shares are not redeemable.

6. | ULTIMATE CONTROLLING PARTY

| The ultimate controling party during the period was W Gibby by virtue of his majority ownership of Novarad Inc.

7. | ULTIMATE PARENT COMPANY

| Novarad Inc (incorporated in United States of America) is regarded by the directors as being the company's ultimate parent company.