Registered number
13404556
Imaging Endpoints Limited
Filleted Accounts
31 May 2025

Imaging Endpoints Limited
Registered number: | 13404556
Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 9,497 |  |  | 2,440
Current assets
Debtors | 5 |  | 65,548 |  |  | 12,933
Cash at bank and in hand |  |  | 844 |  |  | -
|  |  | 66,392 |  |  | 12,933
Creditors: amounts falling due within one year | 6 |  | (509,583) |  |  | (514,951)
Net current liabilities |  |  |  | (443,191) |  |  | (502,018)
Net liabilities |  |  |  | (433,694) |  |  | (499,578)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (433,794) |  |  | (499,678)
Shareholders' funds |  |  |  | (433,694) |  |  | (499,578)
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D D Burkett
Director
Approved by the board on 15 May 2026

Imaging Endpoints Limited
Notes to the Accounts
for the year ended 31 May 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are prepared in sterling, which is the functional currency of the entity.
| Going concern
| The company made a net profit of £65,884 (2024 - loss of £201,727) during the period ended 31 May 2025, however, the company's current liabilities exceeded its total assets by £433,694 (2024 - £499,578) as at that date. The company derives its revenue from its parent company, Imaging Endpoints II LLC, under a cost-plus arrangement and is therefore entirely dependent on the parent for its commercial activities and financial support. The company is part of a wider group and has been supported by its parent company, Imaging Endpoints LLC. As at 31 May 2025, the company's largest creditor was its parent, with an outstanding balance of £449,270 (2024 - £475,185). The parent company has confirmed it will not recall, demand or request repayment of this balance unless the company has sufficient available funds to do so without adversely affecting its ability to continue its business operations as a going concern. While this support is not legally binding, the directors have no reason to believe it will not continue for the foreseeable future, based on the parent company's stated intention and history of financial support. After making appropriate enquiries, and considering the parent company's confirmation of support and the revenue arrangements in place, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future and at least for twelve months from the date of approval of these accounts. Accordingly, the directors continue to adopt the going concern basis in preparing the accounts. The accounts do not include any adjustments that would be required if the company were unable to continue as a going concern.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is generated from recharges to the parent company with an applied profit markup.
| Tangible fixed assets
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant and machinery | over 3 years straight line
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
| Financial instruments
| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
2 | Audit information
| The audit report is unqualified.
| Material uncertainty related to going concern
| We draw attention to note 1 in the accounts which indicates that, as at 31 May 2025, the company's current liabilities exceeded its total assets by £433,694 and is reliant on the financial support from its parent company. As stated in note 1, these events or conditions, along with the other matters as set forth in note 1, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
| In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
| Senior statutory auditor: | S Rajan CTA FCCA ACA
| Firm: | Smartax Limited
| Date of audit report: | 15 May 2026
3 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 9 |  | 6
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 June 2024 | 2,495
| Additions | 10,235
| At 31 May 2025 | 12,730
| Depreciation
| At 1 June 2024 | 55
| Charge for the year | 3,178
| At 31 May 2025 | 3,233
| Net book value
| At 31 May 2025 | 9,497
| At 31 May 2024 | 2,440
5 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 65,548 |  | 12,933
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 18,473 |  | 1,170
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 449,270 |  | 475,185
| Other creditors | 41,840 |  | 38,596
|  |  |  |  |  | 509,583 |  | 514,951
7 | Pension commitments
| The amount recognised in the profit and loss as an expense in relation to defined contribution plans was £35,889 (2024 - £22,790). As at the period end contributions totalling £2,208 (2024 - £Nil) were payable.
8 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | - |  | 855
9 | Related party transactions
| In accordance with FRS 102 paragraph 1AC 35, exemption is taken not to disclose transactions in the year between wholly owned group undertakings.
10 | Controlling party
| The immediate parent company is Imaging Endpoints II LLC, a company registered in USA whose registered office is situated at 7150 E. Camelback Road, Ste 120 Scottsdale Arizona 8525, USA. The ultimate parent company is Imaging Endpoints Holdings LLC, a company registered in USA whose registered office is situated at 9700 North 91st Street, Suite B-200, Scottsdale, Arizona, USA . In the opinion of the directors there is no one ultimate controlling party.
11 | Other information
| Imaging Endpoints Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 38 Station Road
| North Harrow
| Harrow
| London
| HA2 7SE

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