Company registration number 13562606 (England and Wales)
JOHN LE CARRÉ LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
JOHN LE CARRÉ LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
JOHN LE CARRÉ LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
3
5,278,074
6,193,274
Investments
4
2,821,500
2,821,500
8,099,574
9,014,774
Current assets
Inventories
8,457
-
Trade and other receivables
6
259,927
173,090
Investments
7
50,000
-
0
Cash and cash equivalents
514,563
957,271
832,947
1,130,361
Current liabilities
8
(6,948,010)
(8,043,654)
Net current liabilities
(6,115,063)
(6,913,293)
Net assets
1,984,511
2,101,481
Equity
Called up share capital
9
40,000
40,000
Retained earnings
1,944,511
2,061,481
Total equity
1,984,511
2,101,481

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 20 April 2026 and are signed on its behalf by:
C.E. Cornwell
Director
Company registration number 13562606 (England and Wales)
JOHN LE CARRÉ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

John Le Carré Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10th Floor, 240 Blackfriars Road, London, SE1 8NW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for royalties and other trading income, and is shown net of VAT and other sales relates taxes. This includes an estimate of the amount earned up until the balance sheet d ate which is included in debtors.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Copyrights and intellectual property
over 10 years
1.4
Non-current investments

Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the income statement.

The company's investment in its subsidiary is stated at cost.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

JOHN LE CARRÉ LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.7
Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability of another entity. They are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, loans, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Amounts not paid are shown in creditors and liabilities in the balance sheet.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss.

JOHN LE CARRÉ LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.11

Group accounting

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2
Employees

The average monthly number of persons employed by the company during the year was 3 (2024: 3).

3
Intangible fixed assets
Copyrights and intellectual property
£
Cost
At 1 January 2025 and 31 December 2025
9,152,003
Amortisation and impairment
At 1 January 2025
2,958,729
Amortisation charged for the year
915,200
At 31 December 2025
3,873,929
Carrying amount
At 31 December 2025
5,278,074
At 31 December 2024
6,193,274
4
Fixed asset investments
2025
2024
£
£
Investment in subsidiary
2,821,500
2,821,500

This represents the investment in Le Carré Productions, in which John Le Carré Ltd. owns the entire issued share capital.

5
Financial instruments
2025
2024
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
50,000
-
JOHN LE CARRÉ LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
54,300
-
0
Other receivables
205,627
173,090
259,927
173,090
7
Current asset investments
2025
2024
£
£
Other investments
50,000
-
0
8
Current liabilities
2025
2024
£
£
Corporation tax
-
0
277,029
Other taxation and social security
32,718
8,645
Other payables
6,915,292
7,757,980
6,948,010
8,043,654
9
Called up share capital
2025
2024
£
£
Issued and fully paid
40,000 Ordinary Shares of £1 each
40,000
40,000
JOHN LE CARRÉ LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
10
Related party transactions

At the 31 December 2025 the following related party transactions were outstanding:

- £6.75 million (2024: £7.35 million) of the consideration for acquiring the Literary Estate of David Cornwell (deceased) remained outstanding to the Cornwell Literary Estate Trust ('CLET'), on interest free terms with no fixed date for repayment. Certain directors are within the class of beneficiaries of the CLET.

- £35,325 (2024: £300,000) of the consideration for the acquisition of the entire share capital of Le Carré Productions remained outstanding, on interest free terms with no fixed date for repayment. The balance of this outstanding consideration is due to Stephen Cornwell.

- In 2024, £4,449 was owed to Nicholas Cornwell in respect of monies due to him for literacy work undertaken for the benefit of the company.

During the year the company received a dividend of £600,000 (2024: £1,200,000) from Le Car ré Productions, its wholly owned subsidiary.

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