| FERMENTA BIOTECH (U K) LTD |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Going Concern |
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The financial statements have been prepared on a going concern basis despite company being |
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dormant in recent years. The company is a wholly-owned subsidiary of a listed parent company in |
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Bombay Stock Exchange and has historically been utilised for research and developments |
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projects. The directors belive the subsidiary will continue as a going concern, as it remains as |
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essential entity for the parent company's future research and development initiatives. Furthermore |
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the parent company has confirmed its ongoing financial and operational support for the subsidiary |
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for atleast twelve months from the date of signing off these financial statements. However if parent |
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company decides not to use this company for future research and development, this indicates the |
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existance of material uncertainty which may cast significant doubt on the company's ablity to |
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continue as going concern and its ability to realise its assets and discharge liablities in the |
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ordinary course of business. The financial statements do not include any adjustments should the |
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going concern basis of preparation be inappropriate. |
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Turnover |
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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 sale 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. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Cash & Bank |
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The closing balance of the company's bank account amounting to £40,064 is frozen. The directors have been unable to travel to the United Kingdom to address the matter, initially due to Covid-19 travel restrictions and subsequently due to other business commitments. However, the directors believe that this still falls under cash and bank. |
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| 3 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Hassan Sheikh |
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Firm: |
Accountax Auditing Ltd |
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Date of audit report: |
19 December 2025 |
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| 4 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 5 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Other debtors |
227 |
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227 |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Trade creditors |
7,480 |
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6,280 |
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Accruals |
1,200 |
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1,200 |
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8,680 |
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7,480 |
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| 7 |
Controlling party |
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The holding company, Fermenta Biotech Ltd registered in India, controls the company by virtue of holding 100% of the issued shares capital. |
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| 8 |
Other information |
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FERMENTA BIOTECH (U K) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Charter House |
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8-10 Station Road |
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Manor Park |
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London |
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E12 5BT |