Cryoport UK Limited 10829998 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Group support activities Digita Accounts Production Advanced 6.30.9574.0 true false true 10829998 2024-01-01 2024-12-31 10829998 2024-12-31 10829998 core:CapitalContributionReserve 2024-12-31 10829998 core:RetainedEarningsAccumulatedLosses 2024-12-31 10829998 core:ShareCapital 2024-12-31 10829998 core:CurrentFinancialInstruments 2024-12-31 10829998 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10829998 core:BetweenTwoFiveYears 2024-12-31 10829998 core:WithinOneYear 2024-12-31 10829998 core:FurnitureFittingsToolsEquipment 2024-12-31 10829998 bus:SmallEntities 2024-01-01 2024-12-31 10829998 bus:Audited 2024-01-01 2024-12-31 10829998 bus:FilletedAccounts 2024-01-01 2024-12-31 10829998 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10829998 bus:RegisteredOffice 2024-01-01 2024-12-31 10829998 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 10829998 bus:Director2 2024-01-01 2024-12-31 10829998 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10829998 bus:Agent1 2024-01-01 2024-12-31 10829998 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 10829998 core:LeaseholdImprovements 2024-01-01 2024-12-31 10829998 core:OfficeEquipment 2024-01-01 2024-12-31 10829998 1 2024-01-01 2024-12-31 10829998 countries:EnglandWales 2024-01-01 2024-12-31 10829998 2023-01-01 2023-12-31 10829998 2023-12-31 10829998 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10829998 core:BetweenTwoFiveYears 2023-12-31 10829998 core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 10829998

Cryoport UK Limited
Filleted Financial Statements
for the Year Ended 31 December 2024

Cryoport UK Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Cryoport UK Limited

Company Information

Directors | Mr R S Stefanovich Mr J W Shelton

Company secretary | Mr R S Stefanovich

Registered office | Oakmoore Court 11c Kingswood Road Droitwich Worcestershire WR9 0QH

Auditors | Ballards LLP Chartered Accountants, Statutory AuditorsOakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH

Cryoport UK Limited

(Registration number: 10829998)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 70,526 | -
Current assets |  |  |
Debtors | 5 | 5,379,405 | 3,786,874
Cash at bank and in hand |  | 10,957 | 45,350
|  | 5,390,362 | 3,832,224
Creditors: Amounts falling due within one year | 6 | (5,782,560) | (3,874,745)
Net current liabilities |  | (392,198) | (42,521)
Net liabilities |  | (321,672) | (42,521)
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Capital contribution reserve |  | 1,387,329 | 1,138,209
Retained earnings |  | (1,710,001) | (1,181,730)
Shareholders' deficit |  | (321,672) | (42,521)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2026 and signed on its behalf by:

......................................... Mr R S Stefanovich Company secretary and director |  |

Cryoport UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oakmoore Court
11c Kingswood Road
Droitwich
Worcestershire
WR9 0QH

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements are prepared on the going concern basis. The Directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The parent company and group have confirmed in writing they intend to support the company over the next 12 months.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 27 January 2026 was Andy Bewick FCCA, who signed for and on behalf of Ballards LLP.

.........................................

Cryoport UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% Straight-line
Leasehold improvements | Over lease term

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Cryoport UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of other group companies. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied. As the equity instruments are issued in other group companies and not recharged, the reserve is recognised as a capital contribution reserve in the financial statements.

Cryoport UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 10).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 76,779 | 76,779
At 31 December 2024 | 76,779 | 76,779
Depreciation
Charge for the year | 6,253 | 6,253
At 31 December 2024 | 6,253 | 6,253
Carrying amount
At 31 December 2024 | 70,526 | 70,526

5 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by related parties | 8 | 5,227,109 | 3,725,725
Prepayments |  | 71,993 | 604
Other debtors |  | 80,303 | 60,545
|  | 5,379,405 | 3,786,874

6 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 8 | 5,491,907 | 3,655,451
Other creditors |  | 290,653 | 219,294
|  | 5,782,560 | 3,874,745

Cryoport UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2024 £ | 2023 £
Not later than one year | 150,000 | 162,500
Later than one year and not later than five years | - | 150,000
| 150,000 | 312,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £162,500 (2023 - £37,500).

8 | Related party transactions

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.

9 | Parent and ultimate parent undertaking

There is no single controlling party
The company's immediate parent is Cryoport Netherlands BV, incorporated in the Netherlands.
The ultimate parent is Cryoport Inc, incorporated in USA.