Life Science Access Academy Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 12176796

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		39,861		-
Tangible Assets	5		2,688		4,687

			42,549		4,687
CURRENT ASSETS
Debtors		3,446,317		1,796,262
Cash at bank and in hand		410,656		1,030,001

		3,856,973		2,826,263
Creditors: Amounts Falling Due Within One Year		(1,402,973 )		(1,170,014 )

NET CURRENT ASSETS (LIABILITIES)			2,454,000		1,656,249

TOTAL ASSETS LESS CURRENT LIABILITIES			2,496,549		1,660,936

NET ASSETS			2,496,549		1,660,936

CAPITAL AND RESERVES
Called up share capital	6		150		150
Profit and Loss Account			2,496,399		1,660,786

SHAREHOLDERS' FUNDS			2,496,549		1,660,936

Page 1

Page 2

Life Science Access Academy Limited

Abridged Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Nigel Robbins Director	Mr Ian Chamberlain Director
21st May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Life Science Access Academy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12176796 . The registered office is Suite 6, The Workshop, Wharf Road, Eastbourne, East Sussex, BN21 3FG.

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. Going Concern Disclosure

The directors have assessed the company's ability to continue as a going concern, taking into account its financial position, expected future trading performance and cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The company’s turnover principally arises from consultancy, conferences, events, training, licences, memberships and related services.

Revenue from consultancy and other bespoke service work is recognised when the relevant work has been performed and the output or deliverable has been provided to the customer.

Revenue from licences, memberships, and other services delivered over a defined access period is recognised over the period to which the customer is entitled to access the service or benefit from the licence. Amounts invoiced in advance are deferred and released to turnover over the relevant licence, membership or service period.

Turnover is reduced for discounts, refunds, credit notes and similar allowances.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible fixed assets comprise capitalised development costs relating to the company’s bespoke information technology. They are stated at cost less accumulated amortisation and impairment, amortised to the profit and loss account over its estimated economic life of 3 and 5 years dependant on the estimated useful life of each project.

2.5. 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	25% straight line
Computer Equipment	33% straight line

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

Page 3

Page 4

Life Science Access Academy Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 4)

4. Intangible Assets

	Total
	£
Cost
As at 1 September 2024	-
Additions	41,000

As at 31 August 2025	41,000

Amortisation
As at 1 September 2024	-
Provided during the period	1,139

As at 31 August 2025	1,139

Net Book Value
As at 31 August 2025	39,861

As at 1 September 2024	-

5. Tangible Assets

	Total
	£
Cost
As at 1 September 2024	12,424
Additions	1,300

As at 31 August 2025	13,724

Depreciation
As at 1 September 2024	7,737
Provided during the period	3,299

As at 31 August 2025	11,036

Net Book Value
As at 31 August 2025	2,688

As at 1 September 2024	4,687

Page 4

Page 5

Life Science Access Academy Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	18,053	19,694
Later than one year and not later than five years	-	18,053

	18,053	37,747

8. Related Party Transactions

At the balance sheet date, the Company was owed £116,963 from its Directors (2024: £112,695). The maximum balance outstanding during the year was £116,963 (2024: £112,695) These loans are unsecured and hold no fixed repayment terms. Interest is charged at the official rate of interest throughout the period.

Included within other debtors is an amount of £2,760,820 (2024: £1,222,442) owed by entities with which the Directors hold interests. These loans are unsecured, interest free and hold no fixed repayment terms.

Page 5