REGISTERED NUMBER: 15504247 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

19 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

BAVARIAN NORDIC UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr P J Chaplin

Mr H Juuel

SECRETARY:

Oakwood Corporate Secretary Limited

REGISTERED OFFICE:

3rd Floor 1 Ashley Road

Altrincham

United Kingdom

Cheshire

WA14 2DT

REGISTERED NUMBER:

15504247 (England and Wales)

AUDITORS:

Allens Accountants Limited

Registered Auditors and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

CURRENT ASSETS

Debtors

4

108,040

Cash at bank

93,206

201,246

CREDITORS

Amounts falling due within one year

5

181,938

NET CURRENT ASSETS

19,308

TOTAL ASSETS LESS CURRENT LIABILITIES

19,308

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

19,208

SHAREHOLDERS' FUNDS

19,308

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr H Juuel - Director

1.	STATUTORY INFORMATION

Bavarian Nordic Uk Ltd 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

After reviewing the Company's financial position, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future being a period of not less than 12 months from the date of approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover represents the total amount receivable by the company for services rendered, excluding value added tax.

For revenue charged to the company's parent company under contract, this is recognised on a monthly basis in line with the contracted terms, corresponding to the cost to the company of providing the relevant services.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

108,040

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

35,272

Amounts owed to group undertakings

26,483

Taxation and social security

6,403

Other creditors

113,780

181,938

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

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

The Report of the Auditors was unqualified.

Dean McMullan (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

8.	ULTIMATE CONTROLLING PARTY

The Company is a subsidiary undertaking of Bavarian Nordic A/S, which is the ultimate parent Company incorporated in Denmark and which is the smallest and largest group in which the Bavarian Nordic UK Ltd results are consolidated. The consolidated accounts are available to the public and may be obtained from the company website or Bavarian Nordic A/S Philip Heymans Alle 3, DK-2900 Hellerup, Denmark.