REGISTERED NUMBER: 11463856 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PANDEIA THERAPEUTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Rhodes

SECRETARY:

The Cambridge Partnership Limited

REGISTERED OFFICE:

C/o The Cambridge Partnership Ltd

The Dorothy Hodgkin Building

Babraham Research Campus, Babraham

Cambridge

Cambridgeshire

CB22 3FH

REGISTERED NUMBER:

11463856 (England and Wales)

AUDITORS:

HBB Audit Limited

Statutory Auditors

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

FIXED ASSETS

Tangible assets

4

-

343

CURRENT ASSETS

Debtors

5

47,529

258,204

Cash at bank

222,751

178,617

270,280

436,821

CREDITORS

Amounts falling due within one year

6

127,853

161,786

NET CURRENT ASSETS

142,427

275,035

TOTAL ASSETS LESS CURRENT LIABILITIES

142,427

275,378

CREDITORS

Amounts falling due after more than one year

7

3,356,500

1,570,800

NET LIABILITIES

(3,214,073

)

(1,295,422

)

CAPITAL AND RESERVES

Called up share capital

5,062

5,062

Share premium

4,090,905

4,090,905

Retained earnings

(7,310,040

)

(5,391,389

)

SHAREHOLDERS' FUNDS

(3,214,073

)

(1,295,422

)

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 18 September 2025 and were signed by:

Mrs J Rhodes - Director

1.	STATUTORY INFORMATION

Pandeia Therapeutics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Computer equipment

-

20% on cost

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.

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 year 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

As at 31 December 2024, the company has negative reserves and is dependent upon the continued support of its parent company. The accounts have been prepared on a going concern basis in the knowledge this support will continue.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

2,298

DEPRECIATION

At 1 January 2024

1,955

Charge for year

343

At 31 December 2024

2,298

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

343

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

47,529

258,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

96,925

66,946

Other creditors

30,928

94,840

127,853

161,786

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

3,356,500

1,570,800

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

The Report of the Auditors was unqualified.

Paul Skipper BSc FCA (Senior Statutory Auditor)

for and on behalf of HBB Audit Limited

9.	ULTIMATE CONTROLLING PARTY