Sania Tx Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13756774

Sania Tx Ltd

Filleted Unaudited Financial Statements

31 March 2026

Sania Tx Ltd

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Sania Tx Ltd

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	262,170	368,428

Current assets

Debtors	6	618,374	720,058
Cash at bank and in hand		413,090	42,026
		------------	---------
		1,031,464	762,084

Creditors: amounts falling due within one year	7	657,334	400,045
		------------	---------
Net current assets		374,130	362,039
		---------	---------
Total assets less current liabilities		636,300	730,467
		---------	---------
Net assets		636,300	730,467
		---------	---------

Capital and reserves

Called up share capital	1	1
Other reserves	8,338,791	6,098,011
Profit and loss account	( 7,702,492)	( 5,367,545)
	------------	------------
Shareholders funds	636,300	730,467
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Sania Tx Ltd

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 8 July 2026 , and are signed on behalf of the board by:

Dr S Kerry

Director

Company registration number: 13756774

Sania Tx Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Waterfront Buidling Manbre Wharf, Manbre Road, London, W6 9RH, United Kingdom. On 29 April 2025, Sania Rx Ltd changed its name to Sania Tx Ltd .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Laboratory equipment	-	20% straight line
Office equipment	-	33% straight line
Computer equipment	-	33% straight line
Cycle to work assets	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2025: 13 ).

5. Tangible assets

	Laboratory equipment	Office equipment	Computer equipment	Cycle to work assets	Total
	£	£	£	£	£
Cost
At 1 April 2025	523,578	39,196	36,822	2,946	602,542
Additions	12,800	–	6,111	–	18,911
	---------	--------	--------	-------	---------
At 31 March 2026	536,378	39,196	42,933	2,946	621,453
	---------	--------	--------	-------	---------
Depreciation
At 1 April 2025	193,905	13,408	25,445	1,356	234,114
Charge for the year	106,539	10,518	7,523	589	125,169
	---------	--------	--------	-------	---------
At 31 March 2026	300,444	23,926	32,968	1,945	359,283
	---------	--------	--------	-------	---------
Carrying amount
At 31 March 2026	235,934	15,270	9,965	1,001	262,170
	---------	--------	--------	-------	---------
At 31 March 2025	329,673	25,788	11,377	1,590	368,428
	---------	--------	--------	-------	---------

6. Debtors

	2026	2025
	£	£
Other debtors	618,374	720,058
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	487,657	272,455
Social security and other taxes	39,144	30,474
Other creditors	130,533	97,116
	---------	---------
	657,334	400,045
	---------	---------

8. Controlling party

The ultimate parent company is Sania Therapeutics, Inc , a company registered in Delaware, USA. The registered address of the ultimate controlling party is: C/O Sania Tx Ltd , Waterfront Building, Manbre Wharf, London, W6 9RH .