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REGISTERED NUMBER: 09594570 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2023

FOR

AER BEATHA LIMITED

AER BEATHA LIMITED (REGISTERED NUMBER: 09594570)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AER BEATHA LIMITED

COMPANY INFORMATION
for the Year Ended 30 May 2023







DIRECTOR: Dr M C Friel





REGISTERED OFFICE: 341 Willoughby House
Barbican
London
EC2Y 8BL





REGISTERED NUMBER: 09594570 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

AER BEATHA LIMITED (REGISTERED NUMBER: 09594570)

BALANCE SHEET
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 583,804 468,177
Investments 5 20,611 20,611
604,415 488,788

CURRENT ASSETS
Debtors 6 71,225 71,556
Cash at bank 24,432 18,740
95,657 90,296
CREDITORS
Amounts falling due within one year 7 42,655 42,205
NET CURRENT ASSETS 53,002 48,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,417

536,879

CREDITORS
Amounts falling due after more than one year 8 508,562 378,870
NET ASSETS 148,855 158,009

CAPITAL AND RESERVES
Called up share capital 106 106
Share premium 209,894 209,894
Retained earnings (61,145 ) (51,991 )
SHAREHOLDERS' FUNDS 148,855 158,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AER BEATHA LIMITED (REGISTERED NUMBER: 09594570)

BALANCE SHEET - continued
30 May 2023


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 director and authorised for issue on 22 April 2024 and were signed by:





Dr M C Friel - Director


AER BEATHA LIMITED (REGISTERED NUMBER: 09594570)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 May 2023


1. STATUTORY INFORMATION

Aer Beatha Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at 341 Willoughby House, Barbican, London, EC2Y 8BL.

The principal activity of the company is that of medical research.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Intangible fixed assets
The intangible fixed assets relate to patents owned by the company. These shall be amortised over 10 years.

There has been no turnover derived from the utilisation of the patents in the year and therefore there is no charge for amortisation in the current year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

AER BEATHA LIMITED (REGISTERED NUMBER: 09594570)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 May 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 May 2022 468,177
Additions 115,627
At 30 May 2023 583,804
NET BOOK VALUE
At 30 May 2023 583,804
At 30 May 2022 468,177

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 May 2022
and 30 May 2023 20,611
NET BOOK VALUE
At 30 May 2023 20,611
At 30 May 2022 20,611

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 33,227 40,058

Amounts falling due after more than one year:
Amounts owed by group undertakings 37,998 31,498

Aggregate amounts 71,225 71,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 42,655 42,205

AER BEATHA LIMITED (REGISTERED NUMBER: 09594570)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 508,562 378,870