REGISTERED NUMBER: 06949779 (England and Wales)

SIBELIUS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr. A V Akoulitchev

J Berlino

P A Leyland

S C Diggle

F Ahmed

REGISTERED OFFICE:

6-7 Citibase, New Barclay House

234 Botley Road

Oxford

OX2 0HP

REGISTERED NUMBER:

06949779 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Churchill Stone FCA

AUDITORS:

Mercer Lewin Ltd

Chartered Accountants and Registered Auditors

6-7 Citibase

New Barclay House

234 Botley Road

Oxford

OX2 0HP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,981

36,130

Investments

6

811

811

14,792

36,941

CURRENT ASSETS

Stocks

-

173,561

Debtors

7

1,333,216

313,870

Cash at bank and in hand

1,657

1,233

1,334,873

488,664

CREDITORS

Amounts falling due within one year

8

959,078

945,797

NET CURRENT ASSETS/(LIABILITIES)

375,795

(457,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

390,587

(420,192

)

PROVISIONS FOR LIABILITIES

27,000

21,000

NET ASSETS/(LIABILITIES)

363,587

(441,192

)

CAPITAL AND RESERVES

Called up share capital

14,408

14,408

Share premium

9,180,161

9,180,161

Retained earnings

(8,830,982

)

(9,635,761

)

363,587

(441,192

)

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 11 December 2025 and were signed on its behalf by:

P A Leyland - Director

1.	STATUTORY INFORMATION

Sibelius 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no judgements that are deemed to have had a significant effect on amounts recognised in the financial statements.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of turnover can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Turnover from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, turnover is recognised only to the extent that expenses recognised are recoverable.

GOODWILL

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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 four years.

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

-

25% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current 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 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.

RESEARCH AND DEVELOPMENT

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

· It is technically feasible to complete the intangible asset so that it will be available for use or sale;

· There is the intention to complete the intangible asset and use or sell it;

· There is the ability to use or sell the intangible asset;

· The use or sale of the intangible asset will generate probable future economic benefits;

· There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and

· The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 7 ).

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

30,000

12,168

42,168

AMORTISATION

At 1 January 2024

and 31 December 2024

30,000

12,168

42,168

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Computer

improvements

equipment

Totals

£

£

£

COST

At 1 January 2024

96,035

320,869

416,904

Additions

-

3,031

3,031

At 31 December 2024

96,035

323,900

419,935

DEPRECIATION

At 1 January 2024

67,224

313,550

380,774

Charge for year

19,207

5,973

25,180

At 31 December 2024

86,431

319,523

405,954

NET BOOK VALUE

At 31 December 2024

9,604

4,377

13,981

At 31 December 2023

28,811

7,319

36,130

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

811

NET BOOK VALUE

At 31 December 2024

811

At 31 December 2023

811

The company owns 100% of the ordinary shares of Sibelius Natural Products Inc, a company registered in the United States of America. During the year ended 31 December 2024, Sibelius Natural Products Inc made a loss of $9,022 and its capital and reserves as at that date were $3,775.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,167,835

14,995

Amounts owed by group undertakings

-

35,401

Other debtors

165,381

263,474

1,333,216

313,870

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

30,407

36,315

Trade creditors

173,685

308,739

Amounts owed to group undertakings

5,410

-

Taxation and social security

235,633

202,851

Other creditors

513,943

397,892

959,078

945,797

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

The Report of the Auditors was unqualified.

Andrew Churchill Stone FCA (Senior Statutory Auditor)

for and on behalf of Mercer Lewin Ltd