Here Limited
Unaudited Financial Statements
For the year ended 31 December 2025
Pages for Filing with Registrar
Company Registration No. 05659314 (England and Wales)
Here Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
Here Limited
Balance Sheet
As at 31 December 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
37,002
46,211
Investments
4
11
11
37,013
46,222
Current assets
Debtors
5
1,203,481
717,037
Cash at bank and in hand
334,383
270,549
1,537,864
987,586
Creditors: amounts falling due within one year
6
(1,404,730)
(897,748)
Net current assets
133,134
89,838
Total assets less current liabilities
170,147
136,060
Creditors: amounts falling due after more than one year
7
(33,300)
(129,943)
Provisions for liabilities
(15,630)
(35,000)
Net assets/(liabilities)
121,217
(28,883)
Capital and reserves
Called up share capital
1,200
1,200
Profit and loss reserves
120,017
(30,083)
Total equity
121,217
(28,883)
Here Limited
Balance Sheet (Continued)
As at 31 December 2025
Page 2

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 August 2026 and are signed on its behalf by:
Mr M Paton
Director
Company Registration No. 05659314
Here Limited
Statement of Changes in Equity
For the year ended 31 December 2025
Page 3
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
1,200
223,835
225,035
Year ended 31 December 2024:
Profit and total comprehensive income
-
133,582
133,582
Dividends
-
(387,500)
(387,500)
Balance at 31 December 2024
1,200
(30,083)
(28,883)
Year ended 31 December 2025:
Profit and total comprehensive income
-
250,693
250,693
Dividends
-
(100,593)
(100,593)
Balance at 31 December 2025
1,200
120,017
121,217
Here Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 4
1
Accounting policies
Company information

Here Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date, the company made a profit for the year of £250,693 (2024 - £133,582), and had net assets at that date of £121,217 (2024 - net liabilities of £28,883). The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.

The directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds to meet its liabilities as they fall due for that period.

Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for design and branding services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

Here Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 5
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Enter depreciation rate via StatDB - cd75
Leasehold improvements
10 years
Plant and equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Here Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 6
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Here Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 7
1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 33 (2024 - 43).

2025
2024
Number
Number
Total
33
43
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
35,000
547,058
582,058
Additions
10,000
12,055
22,055
Disposals
(35,000)
-
0
(35,000)
At 31 December 2025
10,000
559,113
569,113
Depreciation and impairment
At 1 January 2025
17,500
518,347
535,847
Depreciation charged in the year
3,500
13,764
17,264
Eliminated in respect of disposals
(21,000)
-
0
(21,000)
At 31 December 2025
-
0
532,111
532,111
Carrying amount
At 31 December 2025
10,000
27,002
37,002
At 31 December 2024
17,500
28,711
46,211
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
11
11
Here Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 8
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
923,762
516,238
Corporation tax recoverable
-
0
11,351
Amounts owed by group undertakings
68,575
-
0
Other debtors
28,846
4,035
Prepayments and accrued income
182,028
153,884
1,203,211
685,508
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
270
31,529
Total debtors
1,203,481
717,037
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
246,754
102,278
Amounts owed to group undertakings
5,000
5,000
Corporation tax
59,123
-
0
Other taxation and social security
90,897
130,075
Other creditors
1,002,956
660,395
1,404,730
897,748
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
33,300
129,943
Here Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 9
8
Related party transactions

Included within other creditors at the year end is amounts due to the directors which amounts to £56,641 (2024: £37,134). During the year, a dividend of £100,593 (2024: £387,500) was declared.

During the year, the company paid £47,960 (2024: £77,490) of personal expenses on behalf of the directors, and the directors made drawings of £33,126 (2024: £49,500).

The Company is a wholly owned subsidiary of Here 2.0 Limited and as such as taken advantage of the exemption permitted under Section 33 'Related party disclosures' not to provide disclosures of the transactions entered into with wholly owned members of the group.

9
Parent company

The immediate controlling party is Here 2.0 Limited. There is no ultimate controlling party.

2025-12-31 2025-01-01 false false false 10 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Ms D E Gray-Smith Ms K Marlow Mr M Paton Ms L T Wicksteed 05659314 2025-01-01 2025-12-31 05659314 2025-12-31 05659314 2024-12-31 05659314 core:LandBuildings 2025-12-31 05659314 core:OtherPropertyPlantEquipment 2025-12-31 05659314 core:LandBuildings 2024-12-31 05659314 core:OtherPropertyPlantEquipment 2024-12-31 05659314 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 05659314 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05659314 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 05659314 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 05659314 core:CurrentFinancialInstruments 2025-12-31 05659314 core:CurrentFinancialInstruments 2024-12-31 05659314 core:ShareCapital 2025-12-31 05659314 core:ShareCapital 2024-12-31 05659314 core:RetainedEarningsAccumulatedLosses 2025-12-31 05659314 core:RetainedEarningsAccumulatedLosses 2024-12-31 05659314 core:ShareCapital 2023-12-31 05659314 core:RetainedEarningsAccumulatedLosses 2023-12-31 05659314 bus:Director3 2025-01-01 2025-12-31 05659314 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05659314 2024-01-01 2024-12-31 05659314 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 05659314 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 05659314 core:LeaseholdImprovements 2025-01-01 2025-12-31 05659314 core:PlantMachinery 2025-01-01 2025-12-31 05659314 core:LandBuildings 2024-12-31 05659314 core:OtherPropertyPlantEquipment 2024-12-31 05659314 2024-12-31 05659314 core:LandBuildings 2025-01-01 2025-12-31 05659314 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 05659314 core:AfterOneYear 2025-12-31 05659314 core:AfterOneYear 2024-12-31 05659314 core:Non-currentFinancialInstruments 2025-12-31 05659314 core:Non-currentFinancialInstruments 2024-12-31 05659314 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05659314 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05659314 bus:FRS102 2025-01-01 2025-12-31 05659314 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 05659314 bus:Director1 2025-01-01 2025-12-31 05659314 bus:Director2 2025-01-01 2025-12-31 05659314 bus:Director4 2025-01-01 2025-12-31 05659314 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP