Logex Healthcare Analytics Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03727117

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,943,678		2,281,709
Tangible Assets	5		9,420		5,703

			1,953,098		2,287,412
CURRENT ASSETS
Debtors	6	1,431,053		1,291,100
Cash at bank and in hand		100,540		93,667

		1,531,593		1,384,767
Creditors: Amounts Falling Due Within One Year	7	(2,270,449 )		(2,147,241 )

NET CURRENT ASSETS (LIABILITIES)			(738,856 )		(762,474 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,214,242		1,524,938

NET ASSETS			1,214,242		1,524,938

CAPITAL AND RESERVES
Called up share capital	8		5,001,000		5,001,000
Profit and Loss Account			(3,786,758 )		(3,476,062 )

SHAREHOLDERS' FUNDS			1,214,242		1,524,938

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Logex Healthcare Analytics Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

On behalf of the board

C Knaack

Director

23rd September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Logex Healthcare Analytics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03727117 . The registered office is Fifth Floor, 27 Greville Street, London, EC1N 8SU.

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

At the time of approving the financial statements, the directors have a reasonable expectation that the company, with support from its parent company, can continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Continued support from the parent company and the opportunities group membership provides should help to ensure a sustained focus on continuing to improve performance and profitability in coming years.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

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 it is probable will be recovered.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

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Logex Healthcare Analytics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

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:

Computer Equipment

33% Straight Line and 0% Residual value

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.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. 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.

2.9. Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 20)

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Logex Healthcare Analytics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	3,380,310

As at 31 December 2025	3,380,310

Amortisation
As at 1 January 2025	1,098,601
Provided during the period	338,031

As at 31 December 2025	1,436,632

Net Book Value
As at 31 December 2025	1,943,678

As at 1 January 2025	2,281,709

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	13,399
Additions	6,514

As at 31 December 2025	19,913

Depreciation
As at 1 January 2025	7,696
Provided during the period	2,797

As at 31 December 2025	10,493

Net Book Value
As at 31 December 2025	9,420

As at 1 January 2025	5,703

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Logex Healthcare Analytics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	197,283	455,932
Prepayments and accrued income	13,728	33,093
Deferred expenses	3,480	28,584
Amounts owed by group undertakings	1,216,562	773,491

	1,431,053	1,291,100

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	72,119	81,695
VAT	17,023	86,713
Deferred income	626,044	459,670
Accruals	36,827	50,844
Amounts owed to group undertakings	1,518,436	1,468,319

	2,270,449	2,147,241

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,001,000	5,001,000

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