Registration number:
Athersys Limited
for the Year Ended 31 December 2020
Pages for filing with Registrar
Athersys Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Athersys Limited
Company Information
Director |
W Lehmann |
Company secretary |
L Campbell |
Registered office |
|
Registered number |
SC302032 |
Accountants |
|
Athersys Limited
(Registration number: SC302032)
Balance Sheet as at 31 December 2020
Note |
2020 |
2019 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
1 |
|
Profit and loss account |
( |
(756,705) |
|
Total equity |
( |
(756,704) |
For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Athersys Limited
(Registration number: SC302032)
Balance Sheet as at 31 December 2020
Approved and authorised by the
......................................... |
Athersys Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020
Statutory information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis which recognises that the company will continue to receive the support of its holding company.
Foreign currency transactions and balances
Research and development costs
Research and development costs are written off to profit or loss in the year incurred.
Athersys Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade creditors
Trade creditors are recognised initially at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Debtors: amounts falling due within one year |
Note |
2020 |
2019 |
|
Amounts owed by group undertakings |
|
|
|
Called up share capital not paid |
1 |
1 |
|
VAT |
- |
6,618 |
|
|
|
Athersys Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020
Creditors |
Note |
2020 |
2019 |
|
Amounts falling due within one year |
|||
Trade creditors |
|
|
|
Amounts owed to group undertakings |
|
|
|
Taxation and social security |
|
- |
|
Other creditors |
|
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
|||
No. |
£ |
No. |
£ |
|
|
|
1 |
|
1 |
Related party transactions |
Summary of transactions with parent
At the year end £87,000 (2019: £87,000) was owed to the company by Athersys Inc.
There are no fixed repayment terms.