AUTIFONY ALPHA LIMITED

Company Registration Number:
11924528 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

AUTIFONY ALPHA LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AUTIFONY ALPHA LIMITED

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the company is drug discovery research.



Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 30 September 2024

Hannah Selin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 June 2025

And signed on behalf of the board by:
Name: Hannah Selin
Status: Director

AUTIFONY ALPHA LIMITED

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 0 10,852
Cost of sales: 0 ( 41,289 )
Gross profit(or loss): 0 (30,437)
Administrative expenses: ( 97 ) 3,724
Operating profit(or loss): (97) (26,713)
Profit(or loss) before tax: (97) (26,713)
Profit(or loss) for the financial year: (97) (26,713)

AUTIFONY ALPHA LIMITED

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 284,619 284,619
Cash at bank and in hand: 114,645 127,413
Total current assets: 399,264 412,032
Creditors: amounts falling due within one year: 4 ( 27,430 ) ( 40,101 )
Net current assets (liabilities): 371,834 371,931
Total assets less current liabilities: 371,834 371,931
Total net assets (liabilities): 371,834 371,931
Capital and reserves
Called up share capital: 68 68
Share premium account: 2,724,923 2,724,923
Profit and loss account: (2,353,157 ) (2,353,060 )
Total Shareholders' funds: 371,834 371,931

The notes form part of these financial statements

AUTIFONY ALPHA LIMITED

Balance sheet statements

For the year ending 30 September 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.

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

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

Name: Hannah Selin
Status: Director

The notes form part of these financial statements

AUTIFONY ALPHA LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Other revenue is recognised over time when expenditure on research activities is recognised. The Company recognises deferred income (contract liability) if consideration has been received (or has become receivable) before the Group transfers the promised services to the customer.

    Other accounting policies

    Interest Interest income is accrued and credited to the Statement of Comprehensive Income as it is earned. Research and development expenditure Research expenditure is written off to the profit and loss account in the period in which it is incurred. Development expenditure is written off in the same period unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit. Taxation Tax expense recognised in profit or loss comprises the sum of deferred tax and current tax not recognised in other comprehensive income or directly in equity and includes tax incentives for research and development. Calculation of current tax is based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised or the deferred income tax liability is settled. Deferred tax assets are recognised to the extent that it is probable that the underlying tax loss or deductible temporary difference will be utilised against future taxable income. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. Cash and cash equivalents Cash and cash equivalents consist of cash at bank and demand deposits. Equity Share capital represents the nominal (par) value of shares that have been issued. Share premium includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium. Retained earnings includes all current and prior period retained profits. Creditors Trade and other payables are amounts due to group companies for services performed in the ordinary course of business. If payment is expected in one year or less they are classified as current liabilities. Functional and presentation currency The Company’s functional and presentational currency is Pound Sterling. Financial instruments The company classifies its financial assets at amortised cost. The classification depends on the company’s business model for managing the financial assets and the contractual terms of the cash flows. The company reclassifies debt securities and financial assets measured at amortized cost when and only when its business model for managing those assets changes. At initial recognition, the company measures a financial asset at its fair value excluding trade receivables at transaction price if it does not contain a significant financing component. In the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset are added to the fair value. Financial assets measured at amortized cost are mainly comprised of trade and other receivables and cash and cash equivalents. The company classifies its financial liabilities as measured at amortized cost. Financial liabilities are mainly comprised of trade and other payables. A financial asset is derecognized when the contractual rights to the cash flows from the asset expire or when the company transfers the rights to receive the contractual cash flows from the financial assets in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. A financial liability is derecognized when the contractual obligations are discharged, cancelled or expire.

AUTIFONY ALPHA LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

AUTIFONY ALPHA LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Debtors

2024 2023
£ £
Other debtors 284,619 284,619
Total 284,619 284,619

AUTIFONY ALPHA LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 27,430 40,101
Total 27,430 40,101