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# ASYMCHEM LIMITED

## Company Registration Number:
10616044 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# ASYMCHEM LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# ASYMCHEM LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Asymchem Sandwich is a Contract Development and Manufacturing Organization (CDMO) of small molecules serving the pharmaceutical industry.

Directors

The director shown below has held office during the period of
1 January 2024 to 20 December 2024

Xinhui Hu

The director shown below has held office during the period of
18 August 2024 to 31 December 2024

Elut Hsu

Secretary Monica Wilson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 March 2026

And signed on behalf of the board by:
Name: Elut Hsu
Status: Director

# ASYMCHEM LIMITED

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 662,349 | 673,061
Cost of sales: | ( 599,366 ) | ( 440,611 )
Gross profit(or loss): | 62,983 | 232,450
Distribution costs: | ( 487,107 ) | 0
Administrative expenses: | ( 8,887,777 ) | ( 188,420 )
Other operating income: | 0 | 0
Operating profit(or loss): | (9,311,901) | 44,030
Interest receivable and similar income: | 10 | 47
Interest payable and similar charges: | 0 | ( 4,133 )
Profit(or loss) before tax: | (9,311,891) | 39,944
Tax: | 0 | ( 10,001 )
Profit(or loss) for the financial year: | (9,311,891) | 29,943

# ASYMCHEM LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 8,422,595 |
Fixed assets
Tangible assets: | 3 | 4,500,400 | 0
Total fixed assets: |  | 4,500,400 | 0
Current assets
Stocks: | 4 | 10,746 |
Debtors: | 5 | 3,011,500 | 67,956
Cash at bank and in hand: |  | 1,056,412 | 220,218
Total current assets: |  | 4,078,658 | 288,174
Creditors: amounts falling due within one year: | 6 | ( 1,169,037 ) | ( 129,612 )
Net current assets (liabilities): |  | 2,909,621 | 158,562
Total assets less current liabilities: |  | 15,832,616 | 158,562
Creditors: amounts falling due after more than one year: | 7 | ( 485,946 ) |
Total net assets (liabilities): |  | 15,346,670 | 158,562
Capital and reserves
Called up share capital: |  | 24,500,000 | 1
Profit and loss account: |  | (9,153,330 ) | 158,561
Total Shareholders' funds: |  | 15,346,670 | 158,562

The notes form part of these financial statements

# ASYMCHEM LIMITED

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 March 2026
and signed on behalf of the board by:

Name: Elut Hsu
Status: Director

The notes form part of these financial statements

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is recognized to the extent it is probable, that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding VAT and other sales taxes, but including withholding tax.

  Tangible fixed assets depreciation policy

  Tangible fixed assets were stated at cost, less accumulated depreciation and impairment losses. Depreciation is provided to write off the cost of assets over their estimated useful lives on a straight line basis as follows: -Plant and equipment 5-10 years -Office equipment 3-5 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date.

  Other accounting policies

  Stocks, leased assets, financial instruments and taxation.

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 65 | 1

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 January 2024 |  | 0 |  | 0 |  | 0
Additions |  | 4,669,027 |  | 76,217 |  | 4,745,244
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 December 2024 |  | 4,669,027 |  | 76,217 |  | 4,745,244
Depreciation |  |  |  |  |  |
At 1 January 2024 |  | 0 |  | 0 |  | 0
Charge for year |  | 244,844 |  | 0 |  | 244,844
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 December 2024 |  | 244,844 |  | 0 |  | 244,844
Net book value |  |  |  |  |  |
At 31 December 2024 |  | 4,424,183 |  | 76,217 |  | 4,500,400
At 31 December 2023 |  | 0 |  | 0 |  | 0

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Stocks

| 2024 | 2023
--- | --- | ---
| £ | £
Stocks | 10,746 |
Payments on account | 0 |
Total | 10,746

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 652,783 |
Prepayments and accrued income | 723,988 | 58,614
Other debtors | 1,634,729 | 9,342
Total | 3,011,500 | 67,956

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Trade creditors | 84,062 | 3,795
Taxation and social security |  | 9,760
Accruals and deferred income | 673,700 | 116,057
Other creditors | 411,275 |
Total | 1,169,037 | 129,612

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 7. Creditors: amounts falling due after more than one year note

| 2024
--- | ---
| £
Amounts due under finance leases and hire purchase contracts | 485,946 |
Total | 485,946

# ASYMCHEM LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 8. Financial Commitments

As of 31 December 2024, the company had total future minimum commitments under noncancellable operating leases.