FREYR LIFE SCIENCES LTD

Company Registration Number:
09041587 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

FREYR LIFE SCIENCES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

FREYR LIFE SCIENCES LTD

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 642 782
Total fixed assets: 642 782
Current assets
Debtors: 4 3,240 3,240
Cash at bank and in hand: 48,415 129,867
Total current assets: 51,655 133,107
Creditors: amounts falling due within one year: 5 (107,114) (159,888)
Net current assets (liabilities): (55,459) (26,781)
Total assets less current liabilities: (54,817) (25,999)
Creditors: amounts falling due after more than one year:     (133,000)
Total net assets (liabilities): (54,817) (158,999)
Capital and reserves
Called up share capital: 24,100 24,100
Profit and loss account: (78,917) (183,099)
Shareholders funds: (54,817) (158,999)

The notes form part of these financial statements

FREYR LIFE SCIENCES LTD

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 August 2025
and signed on behalf of the board by:

Name: Mrs Sunitha Reddy Anumula
Status: Director

The notes form part of these financial statements

FREYR LIFE SCIENCES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sales of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery 18% reducing balance methord

FREYR LIFE SCIENCES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 27 25

FREYR LIFE SCIENCES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 1,420
At 31 March 2025 1,420
Depreciation
At 01 April 2024 638
Charge for year 140
At 31 March 2025 778
Net book value
At 31 March 2025 642
At 31 March 2024 782

FREYR LIFE SCIENCES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 3,240 3,240

FREYR LIFE SCIENCES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

Creditors amounts falling due within one year Taxation and social security costs £67580 Other creditors £39534

FREYR LIFE SCIENCES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Loans to directors

Name of director receiving advance or credit:
Description of the loan: Opening balance as at 1 April 2024 £531.52 Closing balance as at 31 March 2025 £531.52
£
Balance at 01 April 2024 532
Balance at 31 March 2025 532