Caseware UK (AP4) 2025.0.111 2025.0.111 2025-11-30 2025-11-30 2 2 2024-12-01 false providing pharmaceutical consultancy specializing in strategic medical affairs and clinical development false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05617699 2024-12-01 2025-11-30 05617699 2023-12-01 2024-11-30 05617699 2025-11-30 05617699 2024-11-30 05617699 2023-12-01 05617699 c:Director1 2024-12-01 2025-11-30 05617699 d:FurnitureFittings 2024-12-01 2025-11-30 05617699 d:FurnitureFittings 2025-11-30 05617699 d:FurnitureFittings 2024-11-30 05617699 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 05617699 d:ComputerEquipment 2024-12-01 2025-11-30 05617699 d:ComputerEquipment 2025-11-30 05617699 d:ComputerEquipment 2024-11-30 05617699 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 05617699 d:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 05617699 d:CurrentFinancialInstruments 2025-11-30 05617699 d:CurrentFinancialInstruments 2024-11-30 05617699 d:CurrentFinancialInstruments d:WithinOneYear 2025-11-30 05617699 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 05617699 d:ShareCapital 2025-11-30 05617699 d:ShareCapital 2024-11-30 05617699 d:RetainedEarningsAccumulatedLosses 2025-11-30 05617699 d:RetainedEarningsAccumulatedLosses 2024-11-30 05617699 d:AcceleratedTaxDepreciationDeferredTax 2025-11-30 05617699 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 05617699 c:OrdinaryShareClass1 2024-12-01 2025-11-30 05617699 c:OrdinaryShareClass1 2025-11-30 05617699 c:FRS102 2024-12-01 2025-11-30 05617699 c:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 05617699 c:FullAccounts 2024-12-01 2025-11-30 05617699 c:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 05617699 2 2024-12-01 2025-11-30 05617699 6 2024-12-01 2025-11-30 05617699 e:PoundSterling 2024-12-01 2025-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05617699 HAIPHARM LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
HAIPHARM LTD CONTENTS
| Page
Balance sheet | 1 - 2
Notes to the financial statements | 3 - 8
HAIPHARM LTD REGISTERED NUMBER: 05617699 BALANCE SHEET AS AT 30 NOVEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,965 |  | 2,622
Investments | 5 |  | 274,725 |  | 254,867
|  |  | 276,690 |  | 257,489
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 66 |  | 34,610 |
Cash at bank and in hand | 7 | 629,587 |  | 783,358 |
|  | 629,653 |  | 817,968 |
Creditors: amounts falling due within one year | 8 | (91,955) |  | (121,742) |
Net current assets |  |  | 537,698 |  | 696,226
Total assets less current liabilities |  |  | 814,388 |  | 953,715
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (656) |  | (656) |
|  |  | (656) |  | (656)
Net assets |  |  | 813,732 |  | 953,059
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1,000 |  | 1,000
Profit and loss account |  |  | 812,732 |  | 952,059
|  |  | 813,732 |  | 953,059
1
HAIPHARM LTD REGISTERED NUMBER: 05617699 BALANCE SHEET (CONTINUED) AS AT 30 NOVEMBER 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
A Lass
Director
Date: 12 March 2026
The notes on pages 3 to 8 form part of these financial statements. 2
HAIPHARM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
1. | General information
Haipharm Ltd is a private company, limited by shares, registered in England and Wales, registration number 05617699. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The principal activity of the company is that of providing pharmaceutical consultancy specializing in strategic medical affairs and clinical development. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The company's functional and presentational currency is pound sterling. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover from providing pharmaceutical consultancy is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds. 3
HAIPHARM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 4
HAIPHARM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 2.Accounting policies (continued)
| 2.8 | Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, other third parties and loans to related parties.
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5
HAIPHARM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
4. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 December 2024 | 4,873 | 7,872 | 12,745
| At 30 November 2025 | 4,873 | 7,872 | 12,745
| Depreciation |  |  |
| At 1 December 2024 | 3,219 | 6,905 | 10,124
| Charge for the year | 414 | 242 | 656
| At 30 November 2025 | 3,633 | 7,147 | 10,780
| Net book value |  |  |
| At 30 November 2025 | 1,240 | 725 | 1,965
| At 30 November 2024 | 1,654 | 968 | 2,622
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 December 2024 | 254,866
| Revaluations | 19,859
| At 30 November 2025 | 274,725
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 66 | 34,610
6
HAIPHARM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 629,587 | 783,358
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other taxation and social security | 2,834 | 5,040
| Other creditors | 83,971 | 111,752
| Accruals | 5,150 | 4,950
|  | 91,955 | 121,742
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (656) | (874)
| Charged to profit or loss | - | 218
| At end of year | (656) | (656)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 656 | 656
7
HAIPHARM LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,000 Ordinary shares of £1.00 each | 1,000 | 1,000
11. | Pension commitments
The company operates a defined contribution scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £120,000 (2024 - £280,000).
12. | Related party transactions
| As at the year end, the compay owed £83,973 to the directors (2024 - £111,752). Interest amounting to £NIL (2024 - £2,895) was charged on loans to the directors at the official rate during the year. During the year, the directors were paid a dividend of £50,000 (2024 - £100,000).
8