IRIS Accounts Production v26.1.10.61 09527498 Board of Directors 1.1.24 31.12.24 31.12.24 3.8.26 false true false false true false Auditors Opinion Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09527498 2023-12-31 09527498 2024-12-31 09527498 2024-01-01 2024-12-31 09527498 2022-12-31 09527498 2023-01-01 2023-12-31 09527498 2023-12-31 09527498 ns15:EnglandWales 2024-01-01 2024-12-31 09527498 ns14:PoundSterling 2024-01-01 2024-12-31 09527498 ns10:Director1 2024-01-01 2024-12-31 09527498 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09527498 ns10:SmallEntities 2024-01-01 2024-12-31 09527498 ns10:Audited 2024-01-01 2024-12-31 09527498 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 09527498 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09527498 ns10:FullAccounts 2024-01-01 2024-12-31 09527498 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 09527498 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 09527498 ns10:Director4 2024-01-01 2024-12-31 09527498 ns10:RegisteredOffice 2024-01-01 2024-12-31 09527498 ns5:CurrentFinancialInstruments 2024-12-31 09527498 ns5:CurrentFinancialInstruments 2023-12-31 09527498 ns5:ShareCapital 2024-12-31 09527498 ns5:ShareCapital 2023-12-31 09527498 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 09527498 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 09527498 ns5:PlantMachinery 2023-12-31 09527498 ns5:PlantMachinery 2024-01-01 2024-12-31 09527498 ns5:PlantMachinery 2024-12-31 09527498 ns5:PlantMachinery 2023-12-31 09527498 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 09527498 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 09527498 ns5:WithinOneYear 2024-12-31 09527498 ns5:WithinOneYear 2023-12-31 09527498 ns10:OrdinaryShareClass1 2024-12-31 09527498 ns10:OrdinaryShareClass2 2024-12-31

REGISTERED NUMBER: 09527498 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

MODUS OUTCOMES LIMITED

| MODUS OUTCOMES LIMITED (REGISTERED NUMBER: 09527498) |

Contents of the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| MODUS OUTCOMES LIMITED |

Company Information

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | K Platco

| J C Reites Jr

| REGISTERED OFFICE: | 4th Floor

| St James House

| St James Square

| Cheltenham

| England

| GL50 3PR

| REGISTERED NUMBER: | 09527498 (England and Wales)

| AUDITORS: | Byrd + Link Audit Limited

| Honeybourne Place

| Jessop Avenue

| Cheltenham

| Gloucestershire

| GL50 3SH

| MODUS OUTCOMES LIMITED (REGISTERED NUMBER: 09527498) |

Balance Sheet

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 96 |  | 1,704 |  |

CURRENT ASSETS

Debtors | 5 | 3,171,517 |  | 1,673,062 |  |

Cash at bank | 57,413 |  | 178,967 |  |

3,228,930 |  | 1,852,029 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,068,290 |  | 994,223 |  |

NET CURRENT ASSETS | 1,160,640 |  | 857,806 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,160,736 |  | 859,510 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 152,522 |  | 152,522 |  |

Retained earnings | 1,008,214 |  | 706,988 |  |

SHAREHOLDERS' FUNDS | 1,160,736 |  | 859,510 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

J C Reites Jr - Director

| MODUS OUTCOMES LIMITED (REGISTERED NUMBER: 09527498) |

Notes to the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

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

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| The company provides consultancy, research and other services related to clinical trials to its parent company under an intercompany agreement. The company is remunerated by its parent for these services.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Office Equipment |  | 33% straight line |  |

| Furniture & Fittings |  | 20% straight line |  |

| Financial instruments

| The company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

| Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| MODUS OUTCOMES LIMITED (REGISTERED NUMBER: 09527498) |

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| 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.

| Cash and cash equivalents

| Cash and cash equivalent comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade debtors

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| 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 obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| Holiday pay accrual

| A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement and accrued at the balance sheet date.

| Going Concern

| The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The company has continued financial support as needed from the parent company to provide capital to meet liabilities when they fall due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2023 - 37 ) .

| MODUS OUTCOMES LIMITED (REGISTERED NUMBER: 09527498) |

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 January 2024

| and 31 December 2024 | 27,406 |  |

| Depreciation

| At 1 January 2024 | 25,702 |  |

| Charge for year | 1,608 |  |

| At 31 December 2024 | 27,310 |  |

| Net book value

| At 31 December 2024 | 96 |  |

| At 31 December 2023 | 1,704 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | 2,911,861 |  | 1,402,354 |  |

| Other debtors | 198,815 |  | 193,036 |  |

| Tax | 48,890 |  | 51,694 |  |

| VAT | 6,698 |  | 16,883 |  |

| Deferred tax asset | 2,628 |  | - |  |

| Prepayments | 2,625 |  | 9,095 |  |

3,171,517 |  | 1,673,062 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 27,591 |  | 1,944 |  |

| Amounts owed to group undertakings | 1,865,235 |  | 786,462 |  |

| Corporation tax | 108,334 |  | 115,893 |  |

| Other creditors | 10,607 |  | 5,664 |  |

| Accrued expenses | 56,523 |  | 84,260 |  |

2,068,290 |  | 994,223 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 40,500 |  | - |  |

| MODUS OUTCOMES LIMITED (REGISTERED NUMBER: 09527498) |

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 152,521 | Ordinary A | 1 | 152,521 |  | 152,521 |  |

| 1 | Ordinary B | 1 | 1 |  | 1 |  |

152,522 |  | 152,522 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Nathan Smith ACA (Senior Statutory Auditor)

| for and on behalf of Byrd + Link Audit Limited

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Definitive Media Corp. The Company is a wholly owned subsidiary of Definitive Media Corp., a company incorporated in the United States of America. The smallest group in which results of the Company are consolidated is that headed by Definitive Media Corp., with its registered office at 2030 Main Street, Suite 1300 #2053, Irvine, California 92614, United States of America.