| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| FOR |
| PLASMIDSAURUS LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| FOR |
| PLASMIDSAURUS LTD |
| PLASMIDSAURUS LTD (REGISTERED NUMBER: 15065672) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| PLASMIDSAURUS LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Auditors: |
| Fairway House |
| Links Business Park |
| St Mellons |
| Cardiff |
| CF3 0LT |
| PLASMIDSAURUS LTD (REGISTERED NUMBER: 15065672) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| Notes | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PLASMIDSAURUS LTD (REGISTERED NUMBER: 15065672) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Plasmidsaurus Ltd is a |
| The company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents amounts charged to the company's parent under a sales and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred. |
| Tangible fixed assets |
| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Depreciation is provided at the following annual rates on a straight-line basis in order to write off each asset over its estimated useful life. |
| Plant and machinery - 20% on cost (over 5 years) |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price. |
| PLASMIDSAURUS LTD (REGISTERED NUMBER: 15065672) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| Cost |
| Additions |
| At 31 December 2024 |
| Depreciation |
| Charge for period |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| PLASMIDSAURUS LTD (REGISTERED NUMBER: 15065672) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 11 AUGUST 2023 TO 31 DECEMBER 2024 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| £ |
| Within one year |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the auditors was unqualified. |
| for and on behalf of |
| 9. | ULTIMATE CONTROLLING PARTY |
| Primordium Labs Inc. is the company's immediate and ultimate parent company, with the registered office at 288 E. Live Oak Ave., Suite A250, Arcadia, California 91006, USA. |
| The largest and smallest group in which the results of the company are consolidated is that headed by Primordium Labs Inc. with its principal place of business at 427 E Huntington Dr, Monrovia, California 91016, USA. |