REGISTERED NUMBER: 09594570 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2025

FOR

AER BEATHA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr M C Friel

REGISTERED OFFICE:

341 Willoughby House

Barbican

London

EC2Y 8BL

REGISTERED NUMBER:

09594570 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

721,998

666,679

Investments

5

20,611

20,611

742,609

687,290

CURRENT ASSETS

Debtors

6

85,049

103,091

Cash at bank

8,714

30,725

93,763

133,816

CREDITORS

Amounts falling due within one year

7

52,897

44,684

NET CURRENT ASSETS

40,866

89,132

TOTAL ASSETS LESS CURRENT LIABILITIES

783,475

776,422

CREDITORS

Amounts falling due after more than one year

8

695,092

646,123

NET ASSETS

88,383

130,299

CAPITAL AND RESERVES

Called up share capital

106

106

Share premium

209,894

209,894

Retained earnings

(121,617

)

(79,701

)

SHAREHOLDERS' FUNDS

88,383

130,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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 27 March 2026 and were signed by:

Dr M C Friel - Director

1.	STATUTORY INFORMATION

Aer Beatha Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at 341 Willoughby House, Barbican, London, EC2Y 8BL.

The principal activity of the company is that of medical research.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Intangible fixed assets

The intangible fixed assets relate to patents owned by the company. These shall be amortised over 10 years.

There has been no turnover derived from the utilisation of the patents in the year and therefore there is no charge for amortisation in the current year.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 May 2024

666,679

Additions

55,319

At 30 May 2025

721,998

NET BOOK VALUE

At 30 May 2025

721,998

At 30 May 2024

666,679

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 May 2024

and 30 May 2025

20,611

NET BOOK VALUE

At 30 May 2025

20,611

At 30 May 2024

20,611

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

40,051

58,093

Amounts falling due after more than one year:

Amounts owed by group undertakings

44,998

44,998

Aggregate amounts

85,049

103,091

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

52,897

44,684

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

695,092

646,123