Peregrine Analytics Limited 11733728 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of analytical solutions for oil, water and blood samples, but is now dormant. Digita Accounts Production Advanced 6.30.9574.0 true true true 11733728 2023-04-01 2024-03-31 11733728 2024-03-31 11733728 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 11733728 core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 11733728 bus:SmallEntities 2023-04-01 2024-03-31 11733728 bus:Audited 2023-04-01 2024-03-31 11733728 bus:FilletedAccounts 2023-04-01 2024-03-31 11733728 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11733728 bus:RegisteredOffice 2023-04-01 2024-03-31 11733728 bus:Director1 2023-04-01 2024-03-31 11733728 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-01 2024-03-31 11733728 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11733728 core:RevaluationReserve core:LandBuildings 2023-04-01 2024-03-31 11733728 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 11733728 core:LandBuildings 2023-04-01 2024-03-31 11733728 1 2023-04-01 2024-03-31 11733728 countries:England 2023-04-01 2024-03-31 11733728 2023-03-31 11733728 2022-01-01 2023-03-31 11733728 2023-03-31 11733728 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 11733728 core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 11733728 core:RevaluationReserve core:LandBuildings 2022-01-01 2023-03-31 11733728 core:LandBuildings 2022-01-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11733728

Peregrine Analytics Limited

Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Peregrine Analytics Limited

Contents

Abridged Balance Sheet

1

Notes to the Abridged Financial Statements

2 to 4

 

Peregrine Analytics Limited

(Registration number: 11733728)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

9,500,000

9,500,000

Current assets

 

Cash at bank and in hand

 

100

100

Net assets

 

9,500,100

9,500,100

Capital and reserves

 

Called up share capital

5

100

100

Revaluation reserve

9,500,000

9,500,000

Shareholders' funds

 

9,500,100

9,500,100

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 May 2024
 

.........................................
Mr J Last
Director

 

Peregrine Analytics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
London Bioscience Innovation Centre
2 Royal College Street
London
NW1 0NH

These financial statements were authorised for issue by the director on 9 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 9 May 2024 was Andrew Davies BFP FCA, who signed for and on behalf of Kneeshaws.

.........................................

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of judgements are set out in the accounting policies.

Intangible assets

Intellectual property, technology, design and development intangible assets acquired are recognised at fair value at the acquisition date.

 

Peregrine Analytics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intellectual property, technology, design and development

Not amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call 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 of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Intangible assets

Total
£

Valuation

At 1 April 2023

9,500,000

At 31 March 2024

9,500,000

Amortisation

Carrying amount

At 31 March 2024

9,500,000

At 31 March 2023

9,500,000

Intangible assets carried at revalued amounts

 

Peregrine Analytics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2024

The fair value of the company's Intellectual property, technology, design and development was revalued on 30 September 2022 by an independent valuer. . The name and qualification of the independent valuer are Kroll Advisory Ltd, The Shard, 32 London Bridge Street, London, SE1 9SG. Futher information can be found at www.kroll.com.
Had this class of asset been measured on a historical cost basis, their carrying amount would have been £Nil (2023 - £Nil).

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

9,500,000

9,500,000

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

9,500,000

9,500,000

7

Parent and ultimate parent undertaking

The company's immediate parent is Peregrine X Ltd, incorporated in England.