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Registered number: 14370375
3Keel Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
3Keel Group Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
3Keel Group Ltd
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 14370375

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 33,707 |  | -
Tangible Assets | 5 |  | 136,572 |  | 216,481
|  |  | 170,279 |  | 216,481
CURRENT ASSETS
Debtors | 6 | 3,331,728 |  | 2,553,570 |
Cash at bank and in hand |  | 6,021,419 |  | 1,199,922 |
|  | 9,353,147 |  | 3,753,492 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,424,958 ) |  | (2,263,519 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 5,928,189 |  | 1,489,973
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,098,468 |  | 1,706,454
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (4,201,261 ) |  | (682,645 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (30,726 ) |  | (49,953 )
NET ASSETS |  |  | 1,866,481 |  | 973,856
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2,018 |  | 2,018
Share premium account |  |  | 118 |  | -
Other reserves |  |  | 19,619 |  | 19,658
Profit and Loss Account |  |  | 1,844,726 |  | 952,180
SHAREHOLDERS' FUNDS |  |  | 1,866,481 |  | 973,856

Page 1
Page 2
3Keel Group Ltd
Balance Sheet (continued)
As At 31 March 2026
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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs J Roebuck Director
10 July 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
3Keel Group Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
3Keel Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14370375 . The registered office is York Biotech Campus, Sand Hutton, York, YO41 1LZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to software platforms. It is amortised to the profit and loss account over its estimated economic life of 1.5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 20% Straight Line
Motor Vehicles | 20% Reducing Balance
Fixtures & Fittings | 25% Straight Line
Computer Equipment | 25% Straight Line

Page 3
Page 4
3Keel Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 96 (2025: 89)
96 89
Page 4
Page 5
3Keel Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 April 2025 | -
Additions | 33,707
As at 31 March 2026 | 33,707
Net Book Value
As at 31 March 2026 | 33,707
As at 1 April 2025 | -

5. Tangible Assets

| Land & Buildings | Plant & Machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | 4,814 | 322,850 | 327,664
Additions | - | 11,939 | 11,939
As at 31 March 2026 | 4,814 | 334,789 | 339,603
Depreciation
As at 1 April 2025 | 1,926 | 109,257 | 111,183
Provided during the period | 962 | 90,886 | 91,848
As at 31 March 2026 | 2,888 | 200,143 | 203,031
Net Book Value
As at 31 March 2026 | 1,926 | 134,646 | 136,572
As at 1 April 2025 | 2,888 | 213,593 | 216,481

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,510,356 |  | 1,887,719
Other debtors | 821,372 |  | 665,851
| 3,331,728 |  | 2,553,570

Page 5
Page 6
3Keel Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 461,450 |  | 118,604
Other creditors | 2,219,580 |  | 1,665,173
Taxation and social security | 743,928 |  | 479,742
| 3,424,958 |  | 2,263,519

8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Other creditors | 4,201,261 |  | 682,645

9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,000,000 Ordinary Shares of £ 0.001 each | 1,000 |  | 1,000
17,500 Ordinary B shares of £ 0.001 each | 18 |  | 18
| 1,018 |  | 1,018

Preference Shares

| 2026 |  | 2025
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,000,000 Preference Shares of £ 0.001 each | 1,000 |  | 1,000

In addition to the 1,000,000 Ordinary shares and 17,500 Ordinary B shares listed above, 375 Ordinary D shares were issued in the period with an aggregate nominal value of £0.375.
10. Reserves
Other reserves relates to a Share Option Reserve, which represents the cumulative fair value of equity-settled share-based payment arrangements.
The Company operates an equity-settled share option scheme under which share options are granted to certain employees and directors. The fair value of the options granted is measured at the grant date using an appropriate valuation model, taking into account the terms and conditions of the grant. The fair value is charged to the profit and loss account over the vesting period, with a corresponding credit to the Share Option Reserve within equity.
When options are exercised, the relevant amount is transferred from the Share Option Reserve to Share Capital and Share Premium as appropriate. Where options lapse or are forfeited without being exercised, the amount recognised remains within the Share Option Reserve.
As at 31 March 2026, the balance on the Share Option Reserve was £19,619, reflecting the fair value of all outstanding unvested and vested options not yet exercised or lapsed at that date.
Page 6
Page 7
3Keel Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
11. Post Balance Sheet Events
Subsequent to the year end, the company was acquired by Fera Science Group Limited, a company incorporated in England and Wales. Following this, the ultimate controlling party of the company is Bridgepoint Group plc.
Page 7