Company No:
Contents
| Directors | Mr Jaymin Amin |
| Dr Ian Fotheringham | |
| Dr Vrolyr Gerskowitch (Resigned 31 January 2024) |
| Secretary | Ms Eugenia Wachters |
| Registered office | Moubray Building |
| Edinburgh Technopool C/O Ingenza Limited | |
| Milton Bridge | |
| Penicuik | |
| Scotland | |
| EH26 0GB | |
| United Kingdom |
| Company number | SC367055 (Scotland) |
| Accountant | Kreston Reeves LLP |
| Springfield House | |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 326,053 | 204,119 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 98,000 | 96,087 | ||
| Total assets less current liabilities | 98,000 | 96,087 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Share premium account |
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| Profit and loss account | (
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Profactor Pharma Ltd (registered number:
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Mr Jaymin Amin
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Profactor Pharma Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The company's registered number is SC367055. The address of the Company's registered office is C/O Ingenza Limited, Roslin Innovation Centre, Charnock Bradley Building, Easter Bush Campus, Bush Farm Road, Roslin, Midlothian, Scotland, EH25 9RG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
| Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 November 2023 |
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| Disposals | (
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| At 31 October 2024 |
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| Accumulated depreciation | |||
| At 01 November 2023 |
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| Disposals | (
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| At 31 October 2024 |
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| Net book value | |||
| At 31 October 2024 |
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| At 31 October 2023 |
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| 2024 | 2023 | ||
| £ | £ | ||
| Prepayments |
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| VAT recoverable |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Accruals |
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| Corporation tax |
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| Other taxation and social security |
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| 2024 | 2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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