OXCITAS LIMITED

Company Registration Number:
10874441 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

OXCITAS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

OXCITAS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 483 1,644
Investments: 4 109,943 43,998
Total fixed assets: 110,426 45,642
Current assets
Debtors:   80,726 157,541
Cash at bank and in hand: 316,132 389,612
Total current assets: 396,858 547,153
Creditors: amounts falling due within one year:   (110,809) (144,140)
Net current assets (liabilities): 286,049 403,013
Total assets less current liabilities: 396,475 448,655
Total net assets (liabilities): 396,475 448,655
Capital and reserves
Called up share capital: 256 246
Share premium account: 2,198,796 1,699,111
Profit and loss account: (1,802,577) (1,250,702)
Shareholders funds: 396,475 448,655

The notes form part of these financial statements

OXCITAS LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 March 2025
and signed on behalf of the board by:

Name: B Patel
Status: Director

The notes form part of these financial statements

OXCITAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost

Other accounting policies

Investments in subsidiaries Investments in subsidiary undertakings are recognised at cost. Oxcitas Limited owns 100% of the share capital of Euskal Oxcitas Biotech SL, a company registered in Spain. 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Going concern The directors have considered the financial position of the company and believes it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of preparation in preparing the financial statements.

OXCITAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

OXCITAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 3,482
At 31 July 2024 3,482
Depreciation
At 01 August 2023 1,838
Charge for year 1,161
At 31 July 2024 2,999
Net book value
At 31 July 2024 483
At 31 July 2023 1,644

OXCITAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed investments

Shares in group undertaking £109,943

OXCITAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Related party transactions

The company is jointly controlled by the directors. During the year the company paid a director £120,000 (2023: £96,000) in consultancy fees. £96,000 was unpaid at 31 July 2024.