GENEVATION LTD

Company Registration Number:
14256922 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 26 July 2022

End date: 31 July 2023

GENEVATION LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

GENEVATION LTD

Company Information

for the Period Ended 31 July 2023




Registered office: 128
City Road
London
GBR
EC1V 2NX
Company Registration Number: 14256922 (England and Wales)

GENEVATION LTD

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£
Turnover 83,395
Cost of sales ( 33,792 )
Gross Profit or (Loss) 49,603
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 17,792 )
Other operating income 0
Operating Profit or (Loss) 31,811
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax 31,811
Profit or (Loss) for Period 31,811

The notes form part of these financial statements

GENEVATION LTD

Balance sheet

As at 31 July 2023


Notes

2023
£
Fixed assets
Intangible assets: 4 0
Tangible assets: 5 2,000
Total fixed assets: 2,000
Current assets
Stocks: 1,000
Debtors: 6 0
Total current assets: 1,000
Net current assets (liabilities): 1,000
Total assets less current liabilities: 3,000
Total net assets (liabilities): 3,000

The notes form part of these financial statements

GENEVATION LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£
Capital and reserves
Called up share capital: 25
Revaluation reserve: 7 0
Profit and loss account: 2,975
Shareholders funds: 3,000

For the year ending 31 July 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 10 April 2024
And Signed On Behalf Of The Board By:

Name: Dr Prasun Chakraborty
Status: Director

The notes form part of these financial statements

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    We are a preclinical Biotech R&D company developing personalized cancer vaccines. Hence we did not made any profit as we got £100K from equity investment for the years 2022-2023 July.

    Tangible fixed assets depreciation policy

    The materials will be subjected to depreciation evaluation using Straight-Line Depreciation Method

    Intangible fixed assets amortisation policy

    According to the policy described here i.e 15 years . Most intangibles are required to be amortized over a 15-year period for tax purposes.

    Valuation information and policy

    according to RICS , The five methods are; the comparable method, profits, residual, contractors and the investment method.

    Other accounting policies

    NA

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023
    Average number of employees during the period 1

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 July 2023 - - -
Amortisation
Charge for year - - -
On disposals - - -
Other adjustments - - -
Amortisation at 31 July 2023 - - -
Net book value
Net book value at 31 July 2023 - - -

there was no intangiable asset as of 23rd July 2023

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Tangible assets

Office equipment Total
Cost £ £
Additions 2,000 2,000
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 2,000 2,000
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2023 - -
Net book value
At 31 July 2023 2,000 2,000

The tangiable assets were IT equipments and raw materials were not included as they will not fetch a sold value.

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Debtors


2023
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 0
Total 0

as of 31st July all debtors were paid.

GENEVATION LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

7. Revaluation reserve


2023
£
Surplus or deficit after revaluation 0
Balance at 31 July 2023 0

the IT Equipments will be functional at least for three years.