REGISTERED NUMBER: 09365429 (England and Wales)

4Bio Ventures Management Ltd

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Kozlov

Dr D Kuzmin

Mr N Katorzhnov

Mr K Mudryy

REGISTERED OFFICE:

78 Pall Mall

London

SW1Y 5ES

REGISTERED NUMBER:

09365429 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

BANKERS:

Barclays Bank Plc

Holborn 2

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

8,628

2,627

Investments

5

878

-

9,506

2,627

CURRENT ASSETS

Debtors

6

187,540

6,400

Cash at bank

1,655,076

18,723

1,842,616

25,123

CREDITORS

Amounts falling due within one year

7

60,793

27,166

NET CURRENT ASSETS/(LIABILITIES)

1,781,823

(2,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,791,329

584

CREDITORS

Amounts falling due after more than one year

8

68,818

-

NET ASSETS

1,722,511

584

CAPITAL AND RESERVES

Called up share capital

20

2

Share premium

2,295,797

-

Retained earnings

(573,306

)

582

SHAREHOLDERS' FUNDS

1,722,511

584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 May 2018 and were signed on its behalf by:

Mr A Kozlov - Director

Dr D Kuzmin - Director

1.	STATUTORY INFORMATION

4Bio Ventures Management Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance 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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

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 year end and that are

expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the statement of financial position date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

3,502

Additions

8,783

At 31 March 2018

12,285

DEPRECIATION

At 1 April 2017

875

Charge for year

2,782

At 31 March 2018

3,657

NET BOOK VALUE

At 31 March 2018

8,628

At 31 March 2017

2,627

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

878

At 31 March 2018

878

NET BOOK VALUE

At 31 March 2018

878

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Other debtors

22,172

-

Deferred tax asset

130,077

-

Prepayments

35,291

6,400

187,540

6,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Payments on account

5,776

-

Trade creditors

18,574

15,466

Taxation and social security

27,894

5,506

Other creditors

8,549

6,194

60,793

27,166

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/18

31/3/17

£

£

Other creditors

68,818

-