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Registration number: 12541923

Ardens Workplace Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Pages for filing with Registrar

Ardens Workplace Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Ardens Workplace Limited

Company Information

Directors | Dr R A Greville-Heygate Dr S L Greville-Heygate Dr N Kamal L Wickham B Gallienne

Registered office | Springfield Cottage Long Close West Downton Wiltshire SP5 3HG

Registered number | 12541923

Accountant | Corrigan Accountants Limited 1st Floor 25 King Street Bristol BS1 4PB

Ardens Workplace Limited

(Registration number: 12541923)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | As restated 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 100,003 | 99,543
Current assets |  |  |
Debtors | 7 | 1,632,259 | 1,037,108
Investments | 8 | 1,000,653 | 1,799,923
Cash at bank and in hand |  | 197,608 | 281,372
|  | 2,830,520 | 3,118,403
Creditors: Amounts falling due within one year | 9 | (2,354,643) | (2,578,869)
Net current assets |  | 475,877 | 539,534
Total assets less current liabilities |  | 575,880 | 639,077
Creditors: Amounts falling due after more than one year | 9 | (29,546) | (38,455)
Provisions for liabilities |  | (24,000) | (24,300)
Net assets |  | 522,334 | 576,322
Capital and reserves |  |  |
Called up share capital |  | 1,150 | 1,150
Share premium reserve |  | 2,548 | 2,548
Profit and loss account |  | 518,636 | 572,624
Total equity |  | 522,334 | 576,322

Ardens Workplace Limited

(Registration number: 12541923)
Balance Sheet as at 31 March 2025

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 30 March 2026 and signed on its behalf by:

.........................................

Dr N Kamal
Director

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Springfield Cottage Long Close West
Downton
Wiltshire
SP5 3HG
England

2 | Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future and for at least twelve months from the date of approval of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Revenue comprises of licence subscriptions and set-up charges. Licence revenue is recognised over the length of the licencing period and deferred accordingly.

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Computer equipment | 25% on cost
Motor vehicles | 20% on cost
Fixtures and fittings | 20% on cost

Intangible fixed 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.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Trademarks, patents and licenses | 33% on cost

Research and development costs

Research and development costs are written off to profit or loss in the year incurred.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 48 (2024 - 31).

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Prior year adjustment

A short term money market fund was classified as cash and cash equivalents in the prior year but should have been disclosed as a current asset investment.

5 | Intangible fixed assets

| Trademarks, patents and licenses £
Cost
At 1 April 2024 | 600,000
At 31 March 2025 | 600,000
Amortisation
At 1 April 2024 | 600,000
At 31 March 2025 | 600,000
Carrying amount
At 31 March 2025 | -
At 31 March 2024 | -

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Tangible fixed assets

| Computer equipment £ | Motor vehicles £ | Fixtures and fittings £ | Total £
Cost
At 1 April 2024 | 57,775 | 60,990 | 16,502 | 135,267
Additions | 17,485 | - | 18,826 | 36,311
Disposals | (392) | - | (987) | (1,379)
At 31 March 2025 | 74,868 | 60,990 | 34,341 | 170,199
Depreciation
At 1 April 2024 | 17,864 | 16,264 | 1,596 | 35,724
Charge for the year | 16,695 | 12,198 | 5,579 | 34,472
At 31 March 2025 | 34,559 | 28,462 | 7,175 | 70,196
Carrying amount
At 31 March 2025 | 40,309 | 32,528 | 27,166 | 100,003
At 31 March 2024 | 39,911 | 44,726 | 14,906 | 99,543

7 | Debtors: amounts falling due within one year

| 2025 £ | 2024 £
Trade debtors | 460,576 | 276,230
Amounts owed by related undertakings | 1,042,451 | 643,193
Other debtors | 13,825 | 13,213
Prepayments | 115,407 | 104,472
| 1,632,259 | 1,037,108

8 | Current asset investments

Investments represent a short term money market fund.

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Creditors

| 2025 £ | 2024 £
Amounts falling due within one year |  |
Hire purchase and finance lease liability | 8,369 | 7,829
Trade creditors | 12,071 | 64,587
Intercompany loan | - | 400,000
Taxation and social security | 355,326 | 195,751
Other creditors | 8,784 | 5,558
Corporation tax | 4,919 | 35,195
Accruals and deferred income | 1,965,174 | 1,869,949
| 2,354,643 | 2,578,869
Due after one year |  |
Hire purchase and finance lease liability | 29,546 | 38,455
| 29,546 | 38,455

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £0.10 each | 9,200 | 920 | 9,200 | 920.00
Ordinary B shares of £0.10 each | 460 | 46 | 460 | 46.00
Ordinary E shares of £0.10 each | 920 | 92 | 920 | 92.00
Ordinary F shares of £0.10 each | 575 | 58 | 575 | 57.50
Ordinary G shares of £0.10 each | 345 | 35 | 345 | 34.50
| 11,500 | 1,150 | 11,500 | 1,150

Each class of share carries full voting rights, entitlement to dividends and distribution on winding up. The shares are non-redeemable.

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11 | Related party transactions

Income and receivables from related parties

2025 | Parent £ | Other related parties £
Rendering of services | 495,562 | 814,238
Amounts receivable from related party | 402,105 | 711,480

2024 | Parent £ | Other related parties £
Rendering of services | 434,954 | 410,491
Amounts receivable from related party | 677,778 | 11,212

Expenditure with and payables to related parties

2025 | Parent £ | Other related parties £
Receipt of services | 494,154 | 442,775
Amounts payable to related party | 60,402 | 5,777

2024 | Parent £ | Other related parties £
Receipt of services | 532,495 | 176,467
Amounts payable to related party | 35,510 | 10,102

Loans from related parties

2025 | Parent £
At start of period | 400,000
Repaid | (400,000)
At end of period | -

2024 | Parent £
At start of period | 400,000
At end of period | 400,000

Ardens Workplace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12 | Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is Ardens Health Informatics Limited, incorporated in England and Wales.

The address of Ardens Health Informatics Limited is:
Spingfield Cottage, Long Close West, Downton, SP5 3HG