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Company registration number: 15112743
Natco Pharma UK Limited
Filleted financial statements
31 March 2025
Natco Pharma UK Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Natco Pharma UK Limited
Directors and other information
Directors Veera Venkata Narasimha Appa Rao Sannidhanam
Praveen Kumar Barur
Company number 15112743
Registered office Amba House, 4th Floor
15 College Road
Middlesex
Harrow
HA1 1BA
Auditor Nagle James Associates Limited
Amba House, 4th Floor,
Kings Suite, 15 College Road
Harrow
Middlesex
HA1 1BA
Natco Pharma UK Limited
Directors responsibilities statement
Year ended 31 March 2025
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Natco Pharma UK Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 4 787 213
Cash at bank and in hand 832,191 805,152
_______ _______
832,978 805,365
Creditors: amounts falling due
within one year 5 ( 1,313) ( 4,083)
_______ _______
Net current assets 831,665 801,282
_______ _______
Total assets less current liabilities 831,665 801,282
_______ _______
Net assets 831,665 801,282
_______ _______
Capital and reserves
Called up share capital 6 1,228,810 1,228,810
Profit and loss account ( 397,145) ( 427,528)
_______ _______
Shareholders funds 831,665 801,282
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 May 2025 , and are signed on behalf of the board by:
Veera Venkata Narasimha Appa Rao Sannidhanam
Director
Company registration number: 15112743
Natco Pharma UK Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Profit and loss account Total
£ £ £
At 4 September 2023 - - -
Profit/(loss) for the year ( 427,528) ( 427,528)
_______ _______ _______
Total comprehensive income for the year - ( 427,528) ( 427,528)
Issue of shares 1,228,810 1,228,810
_______ _______ _______
Total investments by and distributions to owners 1,228,810 - 1,228,810
_______ _______ _______
At 31 March 2024 and 1 April 2024 1,228,810 ( 427,528) 801,282
Profit/(loss) for the year 30,383 30,383
_______ _______ _______
Total comprehensive income for the year - 30,383 30,383
_______ _______ _______
At 31 March 2025 1,228,810 ( 397,145) 831,665
_______ _______ _______
Natco Pharma UK Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Amba House, 4th Floor, 15 College Road, Middlesex, Harrow, HA1 1BA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The amounts are rounded to the nearest whole number and no other rounding is used.
Going concern
The directors have considered cashflow requirements for the period 12 months from approval of the financial statements to assess the working capital needs of the company. This confims that the company will have sufficient working capital within the period reviewed and will be able to meet its liabilities as they fall due, subject to support of other group companies and its ultimate parent company.Confirmation of such support has been received from the ultimate parent company.Accordingly the directors believe it is appropriate to prepare the financial statements on a going concern basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Debtors
2025 2024
£ £
Other debtors 787 213
_______ _______
5. Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 1,313 4,083
_______ _______
6. Called up share capital
Issued, called up and fully paid
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 1,228,810 1,228,810 1,228,810 1,228,810
_______ _______ _______ _______
7. Summary audit opinion
The auditor's report dated 16 May 2025 was unqualified.
The senior statutory auditor was Kaushik Nathwani for and on behalf of Nagle James Associates Limited
8. Related party transactions
The company has taken advantage of the exemption under FRS 102 Section 33.1A not to disclose transactions with the parent company.
The company's ultimate parent undertaking and immediate parent at the balance sheet date was Natco Pharma Limited, a company incorporated in India and it holds 100% of issued share capital. The company's registered address is Natco House, Road No.2, Banjara Hills, Hyderabad, Telengana - 500034, India.