REGISTERED NUMBER: 08694350 (England and Wales)

Biocity Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

G Crocker

S M Hoad

R A O'Boyle

P S Oliver

T J B Reid

Registered office:

Biocity Nottingham

Pennyfoot Street

Nottingham

Nottinghamshire

NG1 1GF

Registered number:

08694350 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investments

4

1,502,905

1,502,905

Current assets

Debtors

5

20,465

50,430

Cash at bank

64,880

19,043

85,345

69,473

Creditors

Amounts falling due within one year

6

14,069

248,143

Net current assets/(liabilities)

71,276

(178,670

)

Total assets less current liabilities

1,574,181

1,324,235

Capital and reserves

Called up share capital

7

1

1

Retained earnings

1,574,180

1,324,234

Shareholders' funds

1,574,181

1,324,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

P S Oliver - Director

1.	Statutory information

Biocity Group 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured in accordance with the relevant accounting standards. For all contracts, the company determines whether enforceable rights and obligations have been created with the customer and recognises turnover based on the total transaction price as estimated at the contract inception, being the amount which the company expects to be entitled and has present enforceable rights under the contract. Turnover is allocated proportionally across the contract performance obligations and recognised either over time or at a point in time as appropriate.

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, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Investment valuation

Investments are measured using the cost model. The cost of the investment less any accumulated impairment losses.

Impairment review of each investment held by the Group is assessed at the Company's financial year end date (currently 31 December) and at various points during each financial year when deemed appropriate.

3.	Employees and directors

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

4.	Fixed asset investments

Interest in

associate

£

Cost

At 1 January 2024

and 31 December 2024

1,502,905

Net book value

At 31 December 2024

1,502,905

At 31 December 2023

1,502,905

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

15,778

45,173

Other debtors

4,687

5,257

20,465

50,430

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

711

527

Amounts owed to group undertakings

-

206,061

Taxation and social security

-

28,456

Other creditors

13,358

13,099

14,069

248,143

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10

Ordinary

£0.1

1

1