ETERNAL LIVES OPCO LTD


Director	Rutger Govert Bruining


Registered Address	Office 4.02 133 Whitechapel High Street
	Office 4.02
	London
	E1 7QA


Registered Number	15334944 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024
		£	£
Current assets
Debtors	3	471,123
Cash at bank and on hand		45,506
		516,629
Creditors amounts falling due within one year	4	(740,560)
Net current assets (liabilities)			(223,931)
Total assets less current liabilities			(223,931)
Provisions for liabilities	5		(65,377)
Net assets			(289,308)
Capital and reserves
Called up share capital			1,000
Other reserves			2,734
Profit and loss account			(293,042)
Shareholders' funds			(289,308)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 5 September 2025, and are signed on its behalf by:

Rutger Govert Bruining
Director
Registered Company No. 15334944

ETERNAL LIVES OPCO LTD

Notes to the Financial Statements
for the period ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The Financial Statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future. The company has taken significant steps towards profitability however it is expected to require additional funding from its parent Eternal Lives Ltd. Eternal Lives Ltd is in discussions with its shareholders to increase funds to support Eternal Lives OPCO Ltd. It has a reasonable prospect to conclude such fundraise successfully. Having made appropriate enquiries, considered reasonable scenarios for repayment of the company's liabilities and reviewed the company’s forecasts, the director has a reasonable expectation that the company can continue in operation while working towards profitability funded by Eternal Lives Ltd for at least 12 months from the date of signing these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on the Going Concern Basis.

Going concern

The Financial Statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future.

The company has taken significant steps towards profitability however it is expected to require additional funding from its parent Eternal Lives Ltd. Eternal Lives Ltd is in discussions with its shareholders to increase funds to support Eternal Lives OPCO Ltd. It has a reasonable prospect to conclude such fundraise successfully.

Having made appropriate enquiries, considered reasonable scenarios for repayment of the company's liabilities and reviewed the company’s forecasts, the director has a reasonable expectation that the company can continue in operation while working towards profitability funded by Eternal Lives Ltd for at least 12 months from the date of signing these financial statements.

On this basis the director considers that it is appropriate to prepare the financial statements on the Going Concern Basis.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Share-based payments
	The Company reflects the economic cost of awarding share options in Eternal Lives Ltd, the parent company, to employees by recording an expense in the Profit and Loss Account equal to the stimated fair value of the benefit awarded at the time of the award. The expense is recognised in the Profit and Loss Account over the vesting period. The amounts charged to the Profit and Loss Account are reflected in reserves as the options are equity settled.

Share-based payments

The Company reflects the economic cost of awarding share options in Eternal Lives Ltd, the parent company, to employees by recording an expense in the Profit and Loss Account equal to the  stimated fair value of the benefit awarded at the time of the award. The expense is recognised in the Profit and Loss Account over the vesting period. The amounts charged to the Profit and Loss Account are reflected in reserves as the options are equity settled.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Expenditure on computer equipment and other short life assets is expensed in the period in which they are purchased.

2.	Average number of employees


		2024
	Average number of employees during the year	19

3.	Debtors: amounts due within one year

		2024
		£
	Trade debtors / trade receivables	21,170
	Amounts owed by group undertakings	364,934
	Other debtors	74,856
	Prepayments and accrued income	10,163
	Total	471,123

4.	Creditors: amounts due within one year

		2024
		£
	Trade creditors / trade payables	52,296
	Amounts owed to related parties	359,310
	Taxation and social security	154,638
	Other creditors	36,039
	Accrued liabilities and deferred income	138,277
	Total	740,560

5.	Provisions for liabilities

		2024
		£
	Other provisions	65,377
	Total	65,377

6.	Further information regarding the company's financial position
	Share-based payments: The company operates an equity-settled share-based payment scheme. The scheme has been provided to certain employees, contractors and advisors. No options were granted over ordinary shares in the company during the year. The vesting period is 4 years whereby two thirds of the share vest over the 4 year period with one third vesting upon achieving a hurdle price of £2 during an exit event. As at 31 December 2024, 13,669 options had vested. As disclosed in the accounting policy notes the fair value of any vested share options are charge to Profit and Loss over the vesting period. The charge for the year is £2,734 which is recognised at the Balance Sheet date in reserves.

Further information regarding the company's financial position

Share-based payments:
The company operates an equity-settled share-based payment scheme. The scheme has been provided to certain employees, contractors and advisors. No options were granted over ordinary shares in the company during the year. The vesting period is 4 years whereby two thirds of the share vest over the 4 year period with one third vesting upon achieving a hurdle price of £2 during an exit event. As at 31 December 2024, 13,669 options had vested.

As disclosed in the accounting policy notes the fair value of any vested share options are charge to Profit and Loss over the vesting period.

The charge for the year is £2,734 which is recognised at the Balance Sheet date in reserves.