REGISTERED NUMBER: 07715940 (England and Wales)

Mytogen Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr B J Page

SECRETARY:

Mrs A N I Page

REGISTERED OFFICE:

Unit 7

Haywood Way

Hastings

East Sussex

TN35 4PL

REGISTERED NUMBER:

07715940 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

550,433

568,833

Investments

6

180,054

304,324

730,487

873,157

CURRENT ASSETS

Debtors

7

1,324,250

1,142,768

Cash at bank

1,293,954

1,497,128

2,618,204

2,639,896

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8

19,339

6,917

NET CURRENT ASSETS

2,598,865

2,632,979

TOTAL ASSETS LESS CURRENT LIABILITIES

3,329,352

3,506,136

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

9

(1,330,022

)

(1,330,022

)

PROVISIONS FOR LIABILITIES

(11,731

)

(15,784

)

NET ASSETS

1,987,599

2,160,330

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

1,987,598

2,160,329

SHAREHOLDERS' FUNDS

1,987,599

2,160,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Dr B J Page - Director

1.	STATUTORY INFORMATION

Mytogen 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.

Preparation of consolidated financial statements

The financial statements contain information about Mytogen Limited 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.

Turnover

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

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.

Website costs are 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries and associates

Investments in subsidiary undertakings are recognised at cost less any impairments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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.

Pension costs and other post-retirement benefits

The company contributes to 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 2 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

34,470

AMORTISATION

At 1 April 2024

and 31 March 2025

34,470

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

597,507

20,804

38,308

Additions

-

-

-

At 31 March 2025

597,507

20,804

38,308

DEPRECIATION

At 1 April 2024

67,423

4,161

36,976

Charge for year

9,983

4,160

535

At 31 March 2025

77,406

8,321

37,511

NET BOOK VALUE

At 31 March 2025

520,101

12,483

797

At 31 March 2024

530,084

16,643

1,332

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

25,190

2,183

683,992

Additions

-

2,440

2,440

At 31 March 2025

25,190

4,623

686,432

DEPRECIATION

At 1 April 2024

5,038

1,561

115,159

Charge for year

5,038

1,124

20,840

At 31 March 2025

10,076

2,685

135,999

NET BOOK VALUE

At 31 March 2025

15,114

1,938

550,433

At 31 March 2024

20,152

622

568,833

6.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 April 2024

304,324

-

304,324

Additions

-

17,100

17,100

Disposals

(135,370

)

(6,000

)

(141,370

)

Reclassification/transfer

(6,000

)

6,000

-

At 31 March 2025

162,954

17,100

180,054

NET BOOK VALUE

At 31 March 2025

162,954

17,100

180,054

At 31 March 2024

304,324

-

304,324

7.

DEBTORS

2025

2024

as

restated

£

£

Amounts falling due within one year:

Trade debtors

3,261

17,994

Other debtors

395,856

199,641

399,117

217,635

Amounts falling due after more than one year:

Other debtors

925,133

925,133

Aggregate amounts

1,324,250

1,142,768

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

£

Trade creditors

2,017

630

Taxation and social security

12,221

2,009

Other creditors

5,101

4,278

19,339

6,917

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Included in creditors due in more than one year is £1,330,022 (2024: £1,330,022) due to a company which is owned by a trust in which the director has a beneficial interest. This loan is interest free and unsecured.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

1

Ordinary

£1

1

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director totalling £67 (2024: £10,801) and was repaid £10,722 (2024: £nil). In addition, the company charged interest amounting to £44 (2024: £79). At the balance sheet date the director owed the company £146 (2024: £10,801). The loan is unsecured and repayable on demand.

12.	RELATED PARTY DISCLOSURES

During the year, the company wrote off outstanding balances due from companies under common control, of £150,311 as they were no longer recoverable.

At the year end, amounts owed to the company by companies under common control amounted to £56,034 (2024: £155,973).

At the balance sheet date, the company was owed £337,062 (2024: £6,800) by companies with common directors. Loans outstanding are unsecured, interest free and repayable on demand.

Included in debtors due in more than one year is an amount of £925,133 (2024: £925,133) due from a company with similar ownership. This amount is unsecured and carries an interest charge of 2.5% above the Bank of England base rate.