REGISTERED NUMBER: 07697495 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEENOVA UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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

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

)

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.