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REGISTERED NUMBER: 10649243 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

DISCOVERY PARK INNOVATION LIMITED

DISCOVERY PARK INNOVATION LIMITED (REGISTERED NUMBER: 10649243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DISCOVERY PARK INNOVATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M Schreiber
J Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
United Kingdom
N16 5LG





REGISTERED NUMBER: 10649243 (England and Wales)





AUDITORS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DISCOVERY PARK INNOVATION LIMITED (REGISTERED NUMBER: 10649243)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Debtors 5 11,461,250 11,487,120

CREDITORS
Amounts falling due within one year 6 (16,711,842 ) (4,125,270 )
NET CURRENT (LIABILITIES)/ASSETS (5,250,592 ) 7,361,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,250,592

)

7,361,850

CREDITORS
Amounts falling due after more than one
year

7

-

(11,500,000

)
NET LIABILITIES (5,250,592 ) (4,138,150 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (5,250,692 ) (4,138,250 )
SHAREHOLDERS' DEFICIT (5,250,592 ) (4,138,150 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





M Schreiber - Director


DISCOVERY PARK INNOVATION LIMITED (REGISTERED NUMBER: 10649243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Discovery Park Innovation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Going concern
The company has net liabilities at the reporting date of £5,248,592 [2023- £4,138,150], principally due to amounts due to bank finance which the company has obtained on behalf of fellow Discovery Park Group companies. At the year end, the total liabilities falling due under such arrangements were in the sum of £11,500,000 due to be repaid in March 2025.

The company is reliant on other companies within the group as well as companies closely associated with the shareholders/directors for its day to day operation. The directors are confident that the company will continue to have adequate resources in place to meet its financial obligations as and when they fall due for at least 12 months from the date of approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

DISCOVERY PARK INNOVATION LIMITED (REGISTERED NUMBER: 10649243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed by group undertakings 10,286,000 10,286,000
Other debtors 1,175,250 1,201,120
11,461,250 11,487,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 8) 11,500,000 -
Amounts owed to group undertakings 5,033,044 3,942,335
Other creditors 178,798 182,935
16,711,842 4,125,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 8) - 11,500,000

8. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,500,000 -

Amounts falling due between one and two years:
Bank loans - 1-2 years - 11,500,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 11,500,000 -

Bank loan are secured by way of a debenture including fixed and floating charges against the freehold investment properties held by the Discovery Park Limited, a fellow subsidiary undertaking of the Discovery Park Estates Ltd.

DISCOVERY PARK INNOVATION LIMITED (REGISTERED NUMBER: 10649243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 December 2023 (4,138,250 )
Deficit for the year (1,112,442 )
At 30 November 2024 (5,250,692 )

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Malcolm A Venitt (Senior Statutory Auditor)
for and on behalf of Venitt and Greaves

13. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the company is Discovery Park Investments Limited, a company incorporated in England.The ultimate parent undertaking of the company is Discovery Park Estates Ltd, a company incorporated in England.

Discovery Park Estates Ltd is the smallest and largest group for which consolidated financial statements are prepared. Copies of the consolidated financial statements can be obtained from the company's registered office at 147 Stamford Hill, London, N16 5LG.