REGISTERED NUMBER: 12362882 (England and Wales)

AVATRIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Prof K Saeb-Parsy

REGISTERED OFFICE:

Future Business Centre Guildhall

Market Square

Cambridge

Cambridgeshire

REGISTERED NUMBER:

12362882 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Intangible assets

5

899

999

Tangible assets

6

11,321

11,673

12,220

12,672

CURRENT ASSETS

Debtors

7

5,400

48,857

Cash at bank and in hand

56,499

219,191

61,899

268,048

CREDITORS

Amounts falling due within one year

8

315,766

804,669

NET CURRENT LIABILITIES

(253,867

)

(536,621

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(241,647

)

(523,949

)

CREDITORS

Amounts falling due after more than one year

9

20,351

26,803

NET LIABILITIES

(261,998

)

(550,752

)

CAPITAL AND RESERVES

Called up, paid and allotted share capital

10

115

100

Share premium

735,204

-

Retained earnings

(997,317

)

(550,852

)

SHAREHOLDERS' FUNDS

(261,998

)

(550,752

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2026 and were signed by:

Prof K Saeb-Parsy - Director

1.	STATUTORY INFORMATION

Avatrial 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, rounded to the nearest pound.

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.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities and with the support of the director.

Turnover

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.

Trademark are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Grants

Grants are recognised using the performance model and are recognised in other income when the grants proceeds are received or receivable.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Trademark

£

COST

At 1 January 2025

and 31 December 2025

1,110

AMORTISATION

At 1 January 2025

111

Amortisation for year

100

At 31 December 2025

211

NET BOOK VALUE

At 31 December 2025

899

At 31 December 2024

999

6.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2025

13,739

5,813

19,552

Additions

4,380

-

4,380

At 31 December 2025

18,119

5,813

23,932

DEPRECIATION

At 1 January 2025

5,010

2,869

7,879

Charge for year

3,279

1,453

4,732

At 31 December 2025

8,289

4,322

12,611

NET BOOK VALUE

At 31 December 2025

9,830

1,491

11,321

At 31 December 2024

8,729

2,944

11,673

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,400

48,857

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,956

5,956

Trade creditors

1,553

26,193

Taxation and social security

5,293

7,370

Other creditors

302,964

765,150

315,766

804,669

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

20,351

26,803

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,978

10.

CALLED UP, PAID AND ALLOTTED SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,151,050

Ordinary

0.000

1

115

100

151,050 Ordinary shares of 0.0001 each were allotted as fully paid at a premium of £4.87 per share during the year.

11.	RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, brought forward loans in aggregate of £7,985 were repaid to the company. At the year end, the director was owed £14.