Canine Diagnostic Innovations Ltd

Canine Diagnostic Innovations Limited ("CDI Ltd") is a wholly owned subsidiary of Medical Detection Dogs (the Charity). Therefore Medical Detection Dogs is the ultimate controlling company. The Charity has commissioned its Bio Detection Disease Research services via CDI Ltd during the year ended 31/03/2025. No liabilities external to the group exist in CDI Ltd, and the entity is not ever expected to be loss making. CDI Ltd has a cash balance of £23,823 which equates to commercial income received in the year, plus research tax credits received in the year. There is a corresponding amount owed by CDI Ltd to the charity related to the Charity having paid costs for Bio Research on CDI Ltd's behalf. CDI Ltd has no employees, it subcontracts the research services it delivered during the year. During the year, CDI Ltd did not provide any services to external companies. CDI Ltd has supplied the charity with Bio Detection Disease Research services which it is eligible to claim research tax credits on. Research and Development (R&D) tax reliefs support UK companies working on innovative projects in science and technology. Companies are able to claim Corporation Tax relief if the project meets the standard definition of R&D. The work that qualifies for R&D tax relief must be part of a specific project to make an advance in science or technology. A Research Tax Credit (RTC) is recognised when the likelihood of a successful claim being made to HMRC on eligible expenditure is probable and can be measured reliably. The first claim has been made in respect of the CDI Ltd activities for the year to 31 March 2023 and was received, and therefore recognised, in the year ending 31 March 2024. The amount recognized in the year ended 31 March 2025 represents the claim resulting from activities the 2023/24 financial year. The RTC claim for 2024/25 has not been submitted to HMRC at the date of these financial statements, and therefore the criteria for recognising these funds have not been met. CDI Ltd has been active since the year ended 31 March 2023, but was dormant in all previous years. All profits generated by CDI Ltd are gifted to the charity.