1NHALER Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC573454

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		178,096		117,156
Tangible Assets	5		3,301		4,505

			181,397		121,661
CURRENT ASSETS
Debtors	6	58,495		63,771
Cash at bank and in hand		813,775		461,085

		872,270		524,856
Creditors: Amounts Falling Due Within One Year	7	(119,347 )		(111,957 )

NET CURRENT ASSETS (LIABILITIES)			752,923		412,899

TOTAL ASSETS LESS CURRENT LIABILITIES			934,320		534,560

Creditors: Amounts Falling Due After More Than One Year	8		(10,200 )		(13,074 )

NET ASSETS			924,120		521,486

CAPITAL AND RESERVES
Called up share capital	9		180		155
Share premium account			3,424,010		2,052,802
Profit and Loss Account			(2,500,070 )		(1,531,471 )

SHAREHOLDERS' FUNDS			924,120		521,486

Page 1

Page 2

1NHALER Ltd

Balance Sheet (continued)

As At 31 December 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Lisa McMyn

Director

07/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

1NHALER Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC573454 . The registered office is 50 Lothian Road , Festival Square, Edinburgh, EH3 9WJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are patents. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	117,156
Additions	60,940

As at 31 December 2025	178,096

Net Book Value
As at 31 December 2025	178,096

As at 1 January 2025	117,156

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	-	6,981	6,981
Additions	721	204	925

As at 31 December 2025	721	7,185	7,906

Depreciation
As at 1 January 2025	-	2,476	2,476
Provided during the period	184	1,945	2,129

As at 31 December 2025	184	4,421	4,605

...CONTINUED

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1NHALER Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	537	2,764	3,301

As at 1 January 2025	-	4,505	4,505

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	58,495	63,771

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	101,340	90,111
Bank loans and overdrafts	2,887	2,900
Other creditors	9,388	8,282
Taxation and social security	5,732	10,664

	119,347	111,957

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	10,200	13,074

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	180	155