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REGISTERED NUMBER: 08050984 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PREDICTX LIMITED

PREDICTX LIMITED (REGISTERED NUMBER: 08050984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PREDICTX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A N Shah
K Choe





REGISTERED OFFICE: 7th Floor
52 Grosvenor Gardens
London
SW1W 0AU





REGISTERED NUMBER: 08050984 (England and Wales)





ACCOUNTANTS: Cooper Parry Group Limited
Building 423 - Sky View (Ro) Argosy Road
Castle Donington, East Midlands Airport
Derby
DE74 2SA

PREDICTX LIMITED (REGISTERED NUMBER: 08050984)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,311,107 1,311,107

CURRENT ASSETS
Debtors 6 2,508,020 2,506,294
NET CURRENT ASSETS 2,508,020 2,506,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,819,127

3,817,401

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 2,499,992 2,499,992
Other reserves 7,920 6,194
Retained earnings 1,311,065 1,311,065
SHAREHOLDERS' FUNDS 3,819,127 3,817,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





K Choe - Director


PREDICTX LIMITED (REGISTERED NUMBER: 08050984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Predictx 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 Company Information page.

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

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK the provision of Section 1A" Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Predictx Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no significant judgements or estimates applied to the numbers contained within these financial statements.

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

PREDICTX LIMITED (REGISTERED NUMBER: 08050984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Income Statement.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in, the Income Statement, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, loans from fellow Group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


(iii) Cash and cash equivalents

PREDICTX LIMITED (REGISTERED NUMBER: 08050984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

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 statement of financial position date.

Going concern
The financial statements have been prepared on the going concern basis. The company acts as a holding company and has not traded in the year. It has sufficient reserves to fulfil its financial obligations when due. Therefore, the directors are of the opinion that company should continue to adopt the going concern basis of accounting in preparing the annual financial statements.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
companies
£   
COST
At 1 January 2023
and 31 December 2023 1,311,107
NET BOOK VALUE
At 31 December 2023 1,311,107
At 31 December 2022 1,311,107

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 100 100

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,507,920 2,506,194

Aggregate amounts 2,508,020 2,506,294

PREDICTX LIMITED (REGISTERED NUMBER: 08050984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A N Shah.

8. SHARE-BASED PAYMENT TRANSACTIONS

The company operates an EMI qualifying share option scheme for the employees of its subsidiary. At the statement of financial position date, the company had granted 654,500 (2022 - 654,500) EMI qualifying share options to its subsidiary’s employees with an exercise price £0.454 per share. As at the year end 654,500 (2022 - 508,598) share options vested. None were exercised nor had lapsed. An amount of £1,459 (2022 : £4,247) was charged to the income statement of the subsidiary for the approved EMI scheme. Share options vest on a monthly basis with the period ranging from the date of grant to 12 months. Options are exercisable over the company's shares.

The company also operates an unapproved share option scheme for the employees of its subsidiary and contractors. At the statement of financial position date, the company had granted 137,500 (2022 : 137,500) share options with an exercise price of 0.454 per share. As at the year end, 137,500 (2022 : 110,765) share options vested. None were exercised nor had lapsed. An amount of £267 (2022 : £1,108) was charged to the income statement of the subsidiary for the unapproved EMI scheme. Share options vest on a monthly basis with the period ranging from the date of grant to 12 months. Options are exercisable over the company's shares.