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REGISTERED NUMBER: 07697495 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEENOVA UK LIMITED

DEENOVA UK LIMITED (REGISTERED NUMBER: 07697495)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

DEENOVA UK LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | S Solari

| REGISTERED OFFICE: | 2 Upperton Gardens

| Eastbourne

| East Sussex

| BN21 2AH

| REGISTERED NUMBER: | 07697495 (England and Wales)

| AUDITORS: | Xeinadin Audit Limited

| 8th Floor

| Becket House

| 36 Old Jewry

| London

| EC2R 8DD

DEENOVA UK LIMITED (REGISTERED NUMBER: 07697495)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 113,818 |  | 127,402 |  |

Tangible assets | 5 | 186,600 |  | 121,469 |  |

300,418 |  | 248,871 |  |

CURRENT ASSETS

Debtors | 6 | 1,324,811 |  | 1,020,996 |  |

Cash at bank | 6,174 |  | 70,192 |  |

1,330,985 |  | 1,091,188 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,105,440 |  | 522,837 |  |

NET CURRENT ASSETS | 225,545 |  | 568,351 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 525,963 |  | 817,222 |  |

PROVISIONS FOR LIABILITIES | 46,650 |  | 30,368 |  |

NET ASSETS | 479,313 |  | 786,854 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 479,213 |  | 786,754 |  |

SHAREHOLDERS' FUNDS | 479,313 |  | 786,854 |  |

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 by the director and authorised for issue on 3 September 2025 and were signed by:

S Solari - Director

DEENOVA UK LIMITED (REGISTERED NUMBER: 07697495)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Deenova UK 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention.

| The financial statement have been prepared on a going concern basis and for that reason, the company relies on the continuing support of its creditors.

| Turnover

| Turnover represents amounts chargeable to clients ( excluding VAT ) for services provided during the year in accordance with the underlying contract

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Development costs are being amortised evenly over their estimated useful life of twenty years.

| Tangible fixed assets

| Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at costs less any accumulated depreciation and any accumulated impairment losses.

| Depreciation is provided at the following annual relates in order to write off each asset over its estimated useful life.

| Computer Equipment - Straight line over 3 years

| Plant and Machinery - Straight line over 4 years

| Computer Equipment for project - Straight line over 12 years

| Plant and Machinery for project - Straight line over 12 years

| 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 balance sheet date.

| 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.

| The company runs a workplace pension scheme.

| Cash and cash equivalents

| Cash and equivalents comprise cash in hand and current balances with banks and similar institutions, which are readily convertible to known amounts of cash.

| Due to their nature and short-term maturity, the fair values for cash and equivalents are estimated using their carrying values.

DEENOVA UK LIMITED (REGISTERED NUMBER: 07697495)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Trade debtors and creditors

| Debtors are carried at their original invoice amount less an estimate made for any doubtful receivables based on a review of all outstanding amounts at the year end, taking into account the nature, value and age of debts.

| Creditors are carried at their original invoice value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2023 - 8 ) .

4. | INTANGIBLE FIXED ASSETS

| Development

| costs

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 271,678 |  |

| AMORTISATION

| At 1 January 2024 | 144,276 |  |

| Amortisation for year | 13,584 |  |

| At 31 December 2024 | 157,860 |  |

| NET BOOK VALUE

| At 31 December 2024 | 113,818 |  |

| At 31 December 2023 | 127,402 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 190,505 |  | 3,360 |  | 193,865 |  |

| Additions | 120,427 |  | 3,801 |  | 124,228 |  |

| At 31 December 2024 | 310,932 |  | 7,161 |  | 318,093 |  |

| DEPRECIATION

| At 1 January 2024 | 71,440 |  | 956 |  | 72,396 |  |

| Charge for year | 57,661 |  | 1,436 |  | 59,097 |  |

| At 31 December 2024 | 129,101 |  | 2,392 |  | 131,493 |  |

| NET BOOK VALUE

| At 31 December 2024 | 181,831 |  | 4,769 |  | 186,600 |  |

| At 31 December 2023 | 119,065 |  | 2,404 |  | 121,469 |  |

DEENOVA UK LIMITED (REGISTERED NUMBER: 07697495)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 557,400 |  | 724,940 |  |

| Other Debtors | 43,682 |  | 41,682 |  |

| Amount owed by group undertakings | - |  | 242,069 |  |

| Tax | 31,167 |  | - |  |

| Prepayments & Accrued income | 692,562 |  | 12,305 |  |

1,324,811 |  | 1,020,996 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 8,307 |  | 2,909 |  |

| Amounts owed to group undertakings | 869,646 |  | 174,513 |  |

| Tax | 3,628 |  | 192,860 |  |

| VAT | 87,471 |  | 138,306 |  |

| Other creditors | 4,590 |  | 4,345 |  |

| Directors' current accounts | 169 |  | 169 |  |

| Accrued expenses | 131,629 |  | 9,735 |  |

1,105,440 |  | 522,837 |  |

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

| The Report of the Auditors was unqualified.

| Andrew Hill (Senior Statutory Auditor)

| for and on behalf of Xeinadin Audit Limited

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 | 2023 |

£ | £ |

| S Solari

| Balance outstanding at start of year | (168 | ) | (166 | ) |

| Amounts repaid | - |  | (2 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (168 | ) | (168 | ) |

DEENOVA UK LIMITED (REGISTERED NUMBER: 07697495)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

10. | RELATED PARTY DISCLOSURES

| During the year the company traded with Deenova Srl (formerly Santa Lucia Pharma Apps Srl) a company holding shares in Deenova UK Limited.

|  | 31.12.24 |  |  | 31.12.23 |  |

|  | £ |  |  | £ |  |

| Balance owed to Deenova Srl (formerly Santa Lucia Pharma Apps Srl) |  |  | 950,339 |  |  | 174,513 |  |

| During the year the company traded with Deenova Services Limited.

|  | 31.12.24 |  |  | 31.12.23 |  |

|  | £ |  |  | £ |  |

| Balance owed from Deenova Services Limited. |  |  | 0 |  |  | 242,069 |  |

| .

| As per the 2024 board minutes for Deenova UK Ltd , the loan from Deenova UK Ltd to Deenova Services Ltd was deemed irrecoverable. Therefore, the loan balance to Deenova UK Ltd was written off.

11. | ULTIMATE CONTROLLING PARTY

| The direct parent company is Deenova Srl based in Italy. The ultimate controlling party is Mr Sergio Giglio.