Company Registration No. 12963210 (England and Wales)
Aegirbio (UK) Limited
Unaudited accounts
for the period from 20 October 2020 to 31 December 2021
Aegirbio (UK) Limited
Unaudited accounts
Contents
Aegirbio (UK) Limited
Company Information
for the period from 20 October 2020 to 31 December 2021
Directors
Jens Patrik Elfwing
Vasiliki Fragkou
Karl Anders Osten Ingvarsson
Barbara Joyce Spurrier
Company Number
12963210 (England and Wales)
Registered Office
5 Chancery Lane
London
WC2A 1LG
United Kingdom
Accountants
CFPro Limited
5 Chancery Lane
London
WC2A 1LG
Aegirbio (UK) Limited
Statement of financial position
as at
31 December 2021
Cash at bank and in hand
48,689
Creditors: amounts falling due within one year
(743,788)
Net current liabilities
(676,429)
Net liabilities
(602,664)
Called up share capital
100
Profit and loss account
(602,764)
Shareholders' funds
(602,664)
For the period ending 31 December 2021 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2022 and were signed on its behalf by
Vasiliki Fragkou
Director
Company Registration No. 12963210
Aegirbio (UK) Limited
Notes to the Accounts
for the period from 20 October 2020 to 31 December 2021
Aegirbio (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 12963210. The registered office is 5 Chancery Lane, London, WC2A 1LG, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling which is the functional currency of the company.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Laboratory Equipment- 8 years on a straight line basis
Furniture & Fixtures- 4 years on a straight line basis
Office equipment- 4 years on a straight line basis
Computer equipment- 3 years on a straight line basis
Expenditure on research is written off in the year in which it is incurred and expenditure on development that meets the criteria for recognition as an asset is capitalised.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Aegirbio (UK) Limited
Notes to the Accounts
for the period from 20 October 2020 to 31 December 2021
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Tangible fixed assets
Total
At 31 December 2021
84,284
Charge for the period
10,519
At 31 December 2021
10,519
At 31 December 2021
73,765
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Transactions with related parties
The Company has taken advantage of the exemption available under paragraph 33.1A of Financial Reporting Standard 102 not to disclose transactions with other wholly owned members of the group.
The ultimate parent entity and ultimate controlling party of the company is Aegirbio Ab. Aegirbio Ab is registered in Sweden and the registered address is Solvegatan 43 A, Solvegatan 43 A, Lund, Skane, Sweden.
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Post balance sheet events
There have been no reportable events after the balance sheet date.
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Average number of employees
During the period the average number of employees was 5.