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THYMIA LIMITED

Registered Number
12609104
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

THYMIA LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

GORIA, Stefano, Dr
KUZNETSOV, Alexander
MOLIMPAKIS, Emilia, Dr

Registered Address

International House, 64 Nile Street
London
N1 7SR

Registered Number

12609104 (England and Wales)
THYMIA LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,74010,332
15,74010,332
Current assets
Debtors4326,438256,780
Cash at bank and on hand648,9851,071,662
975,4231,328,442
Creditors amounts falling due within one year5(434,436)(51,867)
Net current assets (liabilities)540,9871,276,575
Total assets less current liabilities556,7271,286,907
Net assets556,7271,286,907
Capital and reserves
Called up share capital142140
Share premium3,025,1002,839,134
Profit and loss account(2,468,515)(1,552,367)
Shareholders' funds556,7271,286,907
The financial statements were approved and authorised for issue by the Board of Directors on 28 February 2025, and are signed on its behalf by:
MOLIMPAKIS, Emilia, Dr
Director
Registered Company No. 12609104
THYMIA LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings3
Office Equipment3
Government grants or assistance
Government grants are measured at the fair value of the consideration received during the accounting period.
2.Average number of employees

20242023
Average number of employees during the year129
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 July 23-20,51020,510
Additions1,17413,16114,335
At 30 June 241,17433,67134,845
Depreciation and impairment
At 01 July 23-10,17810,178
Charge for year2948,6338,927
At 30 June 2429418,81119,105
Net book value
At 30 June 2488014,86015,740
At 30 June 23-10,33210,332
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,584394
Other debtors306,176223,873
Prepayments and accrued income17,67832,513
Total326,438256,780
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,25618,204
Taxation and social security77,75431,263
Payments received on account335,742-
Other creditors3,684-
Accrued liabilities and deferred income9,0002,400
Total434,43651,867