ACCOUNTS - Final Accounts preparation

Company registration number: 03412386

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 AUGUST 2025

	LIFESEARCH PARTNERS LIMITED


LIFESEARCH PARTNERS LIMITED

COMPANY INFORMATION

Directors	T Q Baigrie
	D Kennedy
	J S Marsh
	J Mock
	T A Loak (appointed 2 October 2025)


Registered number	03412386


Registered office	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


LIFESEARCH PARTNERS LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


LIFESEARCH PARTNERS LIMITED REGISTERED NUMBER:03412386

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	400,737		373,005
Cash at bank and in hand		1,967,249		1,702,003
		2,367,986		2,075,008
Creditors: amounts falling due within one year	5	(808,598)		(857,838)
Net current assets			1,559,388		1,217,170
Total assets less current liabilities			1,559,388		1,217,170

Net assets			1,559,388		1,217,170

Capital and reserves
Called up share capital	5,000	5,000
Profit and loss account	1,554,388	1,212,170
	1,559,388	1,217,170

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 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 statement of income and retained earnings 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:

J Mock

Director

Date: 27 May 2026

The notes on pages 2 to 5 form part of these financial statements.

Page 1


LIFESEARCH PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Lifesearch Partners Limited is a private company limited by shares, incorporated and domiciled in England & Wales within the United Kingdom.

The company's principal trading address is:
11-21 Paul Street
London
EC24 4JU

The registered office is disclosed on the company information page.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue represents intercompany recharges. Revenue is recognised in the period in which services are provided to group entities.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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 reporting date.

Page 2


LIFESEARCH PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

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.

Increases in provisions are generally charged as an expense to profit or loss.

Page 3


LIFESEARCH PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position 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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

2.9

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.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	41,009	5,000
Other debtors	-	36,009
Prepayments and accrued income	359,728	331,720
Deferred taxation	-	276
	400,737	373,005

Page 4


LIFESEARCH PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	200,660	9,900
Amounts owed to group undertakings	607,938	847,938
	808,598	857,838

6.	Related party transactions
	Under the provisions of Financial Reporting Standard 102 (1A), the Company is exempt from disclosing transactions or balances with other wholly owned group companies. There are no other related party transactions that require disclosure.

7.	Parent company

The Comany is a wholly owned subsidiary of Lifesearch Holdings Limited whose registered office is 3000a, Parkway, Whiteley, Hampshire, PO15 7FX.

The smallest and largest company which prepares consolidated accounts in which these figures are included is Lifesearch Holdings Limited.

8.	Auditor's information

The auditor's report on the financial statements for the year ended 31 August 2025 was unqualified.

The audit report was signed on 28 May 2026 by Stephanie Hawkins FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 5