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PATHWAY RISK MANAGEMENT LIMITED

Registered Number
10857233
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

PATHWAY RISK MANAGEMENT LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | I Anderson
| J Sudlow
| E Wood

Registered Address | 78 Pall Mall
| London
| SW1Y 5ES

Registered Number | 10857233 (England and Wales)

PATHWAY RISK MANAGEMENT LIMITED
Balance Sheet as at
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 89,978 |  |  |  | 91,943
|  |  |  | 89,978 |  |  |  | 91,943
Current assets |  |  |  |  |  |  |  |
Debtors |  | 216,045 |  |  |  | 86,597 |  |
Cash at bank and on hand |  | 37,009 |  |  |  | 143,957 |  |
|  | 253,054 |  |  |  | 230,554 |  |
Creditors amounts falling due within one year |  | (205,488) |  |  |  | (151,974) |  |
Net current assets (liabilities) |  |  |  | 47,566 |  |  |  | 78,580
Total assets less current liabilities |  |  |  | 137,544 |  |  |  | 170,523
Creditors amounts falling due after one year |  |  |  | (34,627) |  |  |  | (46,506)
Provisions for liabilities |  |  |  | (12,835) |  |  |  | (9,572)
Net assets |  |  |  | 90,082 |  |  |  | 114,445
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 93 |  |  |  | 120
Share premium |  |  |  | 19,980 |  |  |  | 19,980
Profit and loss account |  |  |  | 70,009 |  |  |  | 94,345
Shareholders' funds |  |  |  | 90,082 |  |  |  | 114,445

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
- The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 13 May 2026, and are signed on its behalf by:
I Anderson Director Registered Company No. 10857233

PATHWAY RISK MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Deferred tax
--- | ---
| 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.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Plant and machinery | 4
| Fixtures and fittings | 4
| Office Equipment | 4

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 5 |  | 4

3. | Tangible fixed assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 January 25 | 148,548
| Additions | 34,387
| At 31 December 25 | 182,935
| Depreciation and impairment
| At 01 January 25 | 56,605
| Charge for year | 36,352
| At 31 December 25 | 92,957
| Net book value
| At 31 December 25 | 89,978
| At 31 December 24 | 91,943

4. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 34,622 |  | 42,334

5. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| I Anderson | 9,285 |  | 0 |  | 9,285 |  | 0
| J Sudlow | 7,185 |  | 0 |  | 7,185 |  | 0
| E Wood | 7,500 |  | 0 |  | 7,500 |  | 0
|  | 23,970 |  | 0 |  | 23,970 |  | 0

| The advances were repaid within the year.