| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 13 October 2023 to 31 December 2024 |
| for |
| PRENUVO LIMITED |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 13 October 2023 to 31 December 2024 |
| for |
| PRENUVO LIMITED |
| PRENUVO LIMITED (REGISTERED NUMBER: 15210902) |
| Contents of the Financial Statements |
| FOR THE PERIOD 13 OCTOBER 2023 TO 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PRENUVO LIMITED |
| Company Information |
| FOR THE PERIOD 13 OCTOBER 2023 TO 31 DECEMBER 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Herschel House |
| 58 Herschel Street |
| Slough |
| SL1 1PG |
| PRENUVO LIMITED (REGISTERED NUMBER: 15210902) |
| Balance Sheet |
| 31 DECEMBER 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| PRENUVO LIMITED (REGISTERED NUMBER: 15210902) |
| Notes to the Financial Statements |
| FOR THE PERIOD 13 OCTOBER 2023 TO 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Prenuvo Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on the going concern basis in light of the fact that the director has received confirmation from the parent entity that it will provide adequate resources for the company to continue for a period of at least twelve months and one day from the date of the signing of this report. |
| Tangible fixed assets |
| Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. |
| Leasehold improvements - over the life of the lease |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. |
| Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 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. |
| 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. |
| PRENUVO LIMITED (REGISTERED NUMBER: 15210902) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 13 OCTOBER 2023 TO 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| 4. | TANGIBLE FIXED ASSETS |
| Improvemen |
| to |
| property |
| £ |
| Cost |
| Additions |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| 5. | DEBTORS |
| £ |
| Amounts falling due within one year: |
| Other debtors |
| Prepayments |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Deferred rent | 88,611 |
| PRENUVO LIMITED (REGISTERED NUMBER: 15210902) |
| Notes to the Financial Statements - continued |
| FOR THE PERIOD 13 OCTOBER 2023 TO 31 DECEMBER 2024 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | 1 | 1 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | CAPITAL COMMITMENTS |
| At the reporting date, the company had entered into contractual commitments totaling £582,181 in respect of leasehold improvements relating to the new business premises. These commitments were not provided for in the financial statements as the work had not yet been undertaken at period end. |
| 12. | RELATED PARTY DISCLOSURES |
| 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. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The Company is wholly owned subsidiary of Prenuvo Inc., a company incorporated in the United States of America. Prenuvo Inc. is considered to be the parent company. The smallest group in which the results of the Company were consolidated as at 31 December 2024 was that headed by Prenuvo Inc., with its registered office at 2727 El Camino Real, Redwood City, CA 94061, United States of America. |