REGISTERED NUMBER: 12683430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALGENUITY HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr A P Spicer

S J Spicer

REGISTERED OFFICE:

Eden Laboratory Broadmead Road

Stewartby

Bedfordshire

MK43 9ND

REGISTERED NUMBER:

12683430 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Intangible assets

4

-

-

Investments

5

695,180

695,129

695,180

695,129

CURRENT ASSETS

Debtors

6

444,562

-

Cash at bank

113

153

444,675

153

CREDITORS

Amounts falling due within one year

7

3,464

10,537

NET CURRENT ASSETS/(LIABILITIES)

441,211

(10,384

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,136,391

684,745

CAPITAL AND RESERVES

Called up share capital

926,946

926,946

Retained earnings

209,445

(242,201

)

1,136,391

684,745

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 24 September 2025 and were signed on its behalf by:

Dr A P Spicer - Director

1.	STATUTORY INFORMATION

Algenuity Holdings 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.

Preparation of consolidated financial statements

The financial statements contain information about Algenuity Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Patents and licences are being amortised evenly over their estimated useful life of fifty years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiary undertakings, associates and joint ventures are recognised at cost less impairment.

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.

Going concern

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to remain appropriate, despite the balance sheet deficit. The company's business activities, together with factors likely to affect its future development, performance and position have been considered.

Based on the results of their forecasts and assessments, the directors consider that the company retains sufficient working capital options to continue to trade for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

49,592

Disposals

(49,592

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

5.	FIXED ASSET INVESTMENTS

Shares in

Shares in

other

group

participating

undertakings

interest

Totals

£

£

£

COST

At 1 January 2024

695,129

-

695,129

Additions

51

-

51

Disposals

-

(238,013

)

(238,013

)

Reversal of impairments

-

238,013

238,013

At 31 December 2024

695,180

-

695,180

NET BOOK VALUE

At 31 December 2024

695,180

-

695,180

At 31 December 2023

695,129

-

695,129

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

444,562

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

20

20

Amounts owed to group undertakings

51

10,517

Accrued expenses

3,393

-

3,464

10,537