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REGISTERED NUMBER:
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CHRONOS THERAPEUTICS LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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REGISTERED NUMBER:
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CHRONOS THERAPEUTICS LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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CHRONOS THERAPEUTICS LIMITED (REGISTERED NUMBER: 06838479) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CHRONOS THERAPEUTICS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accounts and Regsitered Auditors |
41 Cornmarket St |
OXFORD |
OX1 3HA |
CHRONOS THERAPEUTICS LIMITED (REGISTERED NUMBER: 06838479) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
( |
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( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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CHRONOS THERAPEUTICS LIMITED (REGISTERED NUMBER: 06838479) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Chronos Therapeutics Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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SIGNIFICANT JUDGEMENTS AND ESTIMATES |
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. |
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There are no judgements that are deemed to have had a significant effect on amounts recognised in |
the financial statements. |
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TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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INTANGIBLE ASSETS |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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TANGIBLE FIXED ASSETS |
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Plant and machinery etc | - |
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TAXATION |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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 period end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
CHRONOS THERAPEUTICS LIMITED (REGISTERED NUMBER: 06838479) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | AUDITORS' REMUNERATION |
Period |
1/4/18 |
to | Year Ended |
31/12/18 | 31/3/18 |
£ | £ |
Fees payable to the company's auditors for the audit of the
company's financial statements |
3,000 |
3,000 |
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5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 April 2018 |
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Additions |
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At 31 December 2018 |
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AMORTISATION |
At 1 April 2018 |
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Charge for period |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 March 2018 |
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CHRONOS THERAPEUTICS LIMITED (REGISTERED NUMBER: 06838479) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2018 TO 31 DECEMBER 2018 |
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6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2018 |
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Additions |
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Disposals | ( |
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At 31 December 2018 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for period |
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Eliminated on disposal | ( |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 March 2018 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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