Neilmed Holding Company Limited - Limited company accounts 25.1

NEILMED HOLDING COMPANY LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

Dr K Mehta

Ms. N Mehta

REGISTERED OFFICE:

221 Kenton Lane

Kenton

Harrow

Middlesex

HA3 8RP

REGISTERED NUMBER:

10246838 (England and Wales)

ACCOUNTANTS:

Akshar & Company

Chartered Accountants

221 Kenton Lane

Harrow

Middlesex

HA3 8RP

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

sale of pharmaceutical products and investments in subsidiaries.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Dr K Mehta

Ms. N Mehta

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dr K Mehta - Director

21 August 2026

TURNOVER

5,873,505

11,688,585

Cost of sales

2,969,327

4,865,596

GROSS PROFIT

2,904,178

6,822,989

Administrative expenses

2,851,176

6,504,018

OPERATING PROFIT

4

53,002

318,971

Interest receivable and similar income

100

22

PROFIT BEFORE TAXATION

53,102

318,993

Tax on profit

47,629

89,738

PROFIT FOR THE FINANCIAL YEAR

5,473

229,255

Profit attributable to:

Owners of the parent

5,473

229,255

FIXED ASSETS

Tangible assets

6

204,325

277,577

CURRENT ASSETS

Stocks

1,686,774

2,520,477

Debtors

7

1,601,263

3,317,086

Cash at bank and in hand

364,122

1,288,792

3,652,159

7,126,355

CREDITORS

Amounts falling due within one year

9

3,157,506

3,467,749

NET CURRENT ASSETS

494,653

3,658,606

TOTAL ASSETS LESS CURRENT LIABILITIES

698,978

3,936,183

CREDITORS

Amounts falling due after more than one year

10

681,865

76,859

NET ASSETS

17,113

3,859,324

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

17,013

3,859,224

SHAREHOLDERS' FUNDS

17,113

3,859,324

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

Dr K Mehta - Director

Ms. N Mehta - Director

CURRENT ASSETS

Debtors

7

727,458

1,196,552

Investments

8

6,575

6,643

Cash at bank and in hand

603

3,164

734,636

1,206,359

CREDITORS

Amounts falling due within one year

9

2,643

10,575

NET CURRENT ASSETS

731,993

1,195,784

TOTAL ASSETS LESS CURRENT LIABILITIES

731,993

1,195,784

CREDITORS

Amounts falling due after more than one year

10

661,492

-

NET ASSETS

70,501

1,195,784

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

70,401

1,195,684

SHAREHOLDERS' FUNDS

70,501

1,195,784

Company's profit for the financial year

2,722,401

16,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

Dr K Mehta - Director

Ms. N Mehta - Director

1.	STATUTORY INFORMATION

Neilmed Holding Company 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 General Information page.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 27 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

125,503

184,057

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	TANGIBLE FIXED ASSETS

Group

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 January 2025

522,655

46,063

5,082

Additions

72,550

-

Disposals

(99,305

)

-

At 31 December 2025

495,900

46,063

5,082

DEPRECIATION

At 1 January 2025

291,716

25,183

2,098

Charge for year

116,808

2,965

476

Eliminated on disposal

(79,006

)

-

At 31 December 2025

329,518

28,148

2,574

NET BOOK VALUE

At 31 December 2025

166,382

17,915

2,508

At 31 December 2024

230,939

20,880

2,984

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

54,290

1,350

629,440

Additions

-

72,550

Disposals

-

(99,305

)

At 31 December 2025

54,290

1,350

602,685

DEPRECIATION

At 1 January 2025

31,516

1,350

351,863

Charge for year

5,254

-

125,503

Eliminated on disposal

-

(79,006

)

At 31 December 2025

36,770

1,350

398,360

NET BOOK VALUE

At 31 December 2025

17,520

-

204,325

At 31 December 2024

22,774

-

277,577

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

Trade debtors

1,428,412

3,152,292

727,458

1,196,552

Other debtors

172,851

164,794

-

1,601,263

3,317,086

727,458

1,196,552

8.	CURRENT ASSET INVESTMENTS

Company

2025

2024

£

Shares in group undertakings

6,575

6,643

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

Trade creditors

171,746

578,159

-

Amounts owed to group undertakings

-

6,575

6,643

Taxation and social security

4,148

261,699

(3,932

)

3,932

Other creditors

2,981,612

2,627,891

-

3,157,506

3,467,749

2,643

10,575

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

Company

2025

2024

2025

2024

£

Amounts owed to group undertakings

661,492

-

661,492

-

Other creditors

20,373

76,859

-

681,865

76,859

661,492

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100