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REGISTERED NUMBER: 11485225 (England and Wales)















Deeptech Disruptive Growth Investments
Ltd

Unaudited Financial Statements For The Year Ended 31 July 2023






Deeptech Disruptive Growth Investments
Ltd (Registered number: 11485225)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Deeptech Disruptive Growth Investments
Ltd

Company Information
For The Year Ended 31 July 2023







DIRECTORS: Dr I P Iliev
M A Lawson





REGISTERED OFFICE: 3 Coldbath Square
London
EC1R 5HL





REGISTERED NUMBER: 11485225 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Deeptech Disruptive Growth Investments
Ltd (Registered number: 11485225)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 212,999 150,762

CURRENT ASSETS
Debtors 5 4,785 4,785
Cash at bank 431 1,471
5,216 6,256
CREDITORS
Amounts falling due within one year 6 195,887 186,201
NET CURRENT LIABILITIES (190,671 ) (179,945 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,328 (29,183 )

PROVISIONS FOR LIABILITIES 15,559 -
NET ASSETS/(LIABILITIES) 6,769 (29,183 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 46,678 -
Retained earnings (40,909 ) (30,183 )
SHAREHOLDERS' FUNDS 6,769 (29,183 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





M A Lawson - Director


Deeptech Disruptive Growth Investments
Ltd (Registered number: 11485225)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

Deeptech Disruptive Growth Investments Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Exemption from preparing consolidated financial statements
The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Going concern
During the year, the company realised a loss of £10,726 (2022: £4,387) and had net liabilities at the year end of £39,909 (2022: £29,183). The company meets its day to day working capital requirement using funds advanced to the company by its directors. At the year end, the company owed £169,200 (2022: £160,000) to the directors, who have confirmed that they will not recall the balance for repayment until such times that the company has sufficient funds to do so. At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Investments in subsidiaries
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Interest income
Interest income is recognised in profit and loss using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2022 - 2 ) .

Deeptech Disruptive Growth Investments
Ltd (Registered number: 11485225)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

4. FIXED ASSET INVESTMENTS

Investments
in subsidiary Loans to
companies subsidiaries Total
£    £    £   
Cost or valuation
At 1 August 2022 37,764 24,145,840 24,183,604
Revaluation 62,237
At 31 July 2023 100,001 24,145,840 24,183,604

Impairment
At 1 August 2022 - 24,032,842 24,032,842
At 31 July 2023 - 24,032,842 24,032,842

Net book value
At 31 July 2023 100,001 112,998 212,999
At 31 July 2022 37,764 112,998 150,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,785 4,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,745 4,159
Amounts owed to group undertakings 762 762
Other creditors 188,880 160,000
Accruals and deferred income 2,500 21,280
195,887 186,201