REGISTERED NUMBER: 04273097 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

GENOVA DIAGNOSTICS EUROPE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr O Myerscough-Jenkins

Mr J Ledford

Mr C Thiel

SECRETARY:

Mr O Myerscough-Jenkins

REGISTERED OFFICE:

46 - 50 Coombe Road

New Malden

Surrey

KT3 4QF

REGISTERED NUMBER:

04273097 (England and Wales)

SENIOR STATUTORY AUDITOR:

Neil Raynsford

AUDITORS:

Shaw Gibbs (Audit) Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

5,520

10,371

5,520

10,371

CURRENT ASSETS

Debtors

7

823,401

836,680

Cash at bank

309,673

210,179

1,133,074

1,046,859

CREDITORS

Amounts falling due within one year

8

148,043

124,033

NET CURRENT ASSETS

985,031

922,826

TOTAL ASSETS LESS CURRENT LIABILITIES

990,551

933,197

PROVISIONS FOR LIABILITIES

585

1,623

NET ASSETS

989,966

931,574

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

988,966

930,574

SHAREHOLDERS' FUNDS

989,966

931,574

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 3 December 2025 and were signed on its behalf by:

Mr O Myerscough-Jenkins - Director

1.	STATUTORY INFORMATION

Genova Diagnostics Europe 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 group companies where any subsidiary that is a party to the transactions is wholly owned within the group or where transactions have been undertaken under normal market conditions. .

Turnover

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

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Long leasehold

-

at varying rates on cost

Office equipment

-

Straight line over 3 to 5 years

All fixed assets are initially recorded at 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 19 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 July 2024

and 30 June 2025

286,788

AMORTISATION

At 1 July 2024

and 30 June 2025

286,788

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

6.	TANGIBLE FIXED ASSETS

Long

Office

leasehold

equipment

Totals

£

£

£

COST

At 1 July 2024

52,878

80,010

132,888

Additions

-

1,228

1,228

At 30 June 2025

52,878

81,238

134,116

DEPRECIATION

At 1 July 2024

52,878

69,639

122,517

Charge for year

-

6,079

6,079

At 30 June 2025

52,878

75,718

128,596

NET BOOK VALUE

At 30 June 2025

-

5,520

5,520

At 30 June 2024

-

10,371

10,371

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

799,028

577,700

Other debtors

24,373

258,980

823,401

836,680

Amounts owed by group undertakings are interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

50,416

71,533

Taxation and social security

26,448

-

Other creditors

71,179

52,500

148,043

124,033

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

11.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £104,500 (2024: £170,500).

This amount is in relation to operating lease commitments which are payable over the next 2 years.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Genova Diagnostics Inc., a company incorporated in the United State of America.

The registered address of Genova Diagnostics Inc. is 63 Zillicoa Street, Asheville, North Carolina, 28801, USA.

The company's ultimate parent company and controlling party is GNVA Holdings Inc., a company registered in the United States of America, which is the parent of both the smallest and largest groups for which group accounts are prepared and of which the company is a member.

The registered address of GNVA Holdings Inc. is 63 Zillicoa Street, Asheville, North Carolina, 28801, USA.