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REGISTERED NUMBER: 07585521 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

EPICARDIO LTD

EPICARDIO LTD (REGISTERED NUMBER: 07585521)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


EPICARDIO LTD

Company Information
for the year ended 31 March 2025







DIRECTOR: V Hurmusiadis





SECRETARY: E T Melendi





REGISTERED OFFICE: Flat 4
13 Marlborough Road
Richmond
Surrey
TW10 6JT





REGISTERED NUMBER: 07585521 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Epicardio Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Epicardio Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Epicardio Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Epicardio Ltd and state those matters that we have agreed to state to the director of Epicardio Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Epicardio Ltd and its director for our work or for this report.

It is your duty to ensure that Epicardio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Epicardio Ltd. You consider that Epicardio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Epicardio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


10 July 2025

EPICARDIO LTD (REGISTERED NUMBER: 07585521)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 498 644

CURRENT ASSETS
Debtors 5 35,127 17,451
Cash at bank - 100
35,127 17,551
CREDITORS
Amounts falling due within one year 6 52,600 70,517
NET CURRENT LIABILITIES (17,473 ) (52,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,975

)

(52,322

)

CREDITORS
Amounts falling due after more than one
year

7

9,027

13,384
NET LIABILITIES (26,002 ) (65,706 )

CAPITAL AND RESERVES
Called up share capital 9 1,304 1,278
Share premium 208,544 202,100
Retained earnings (235,850 ) (269,084 )
SHAREHOLDERS' FUNDS (26,002 ) (65,706 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EPICARDIO LTD (REGISTERED NUMBER: 07585521)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





V Hurmusiadis - Director


EPICARDIO LTD (REGISTERED NUMBER: 07585521)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Epicardio 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The director considers this appropriate, notwithstanding the deficiency of net assets, as the company's operations are supported by loans and other advances from the director and shareholders which they have agreed will not be repaid until available funds are in excess of other obligations.

The company is now achieving profitability and is now able to attract additional shareholder capital to further support company operations.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

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 balance sheet date.

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

EPICARDIO LTD (REGISTERED NUMBER: 07585521)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing agreements
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

EPICARDIO LTD (REGISTERED NUMBER: 07585521)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024 1,707
Additions 467
At 31 March 2025 2,174
DEPRECIATION
At 1 April 2024 1,063
Charge for year 613
At 31 March 2025 1,676
NET BOOK VALUE
At 31 March 2025 498
At 31 March 2024 644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,870 3,311
Other debtors 31,257 14,140
35,127 17,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 8,244 10,593
Trade creditors 1,254 -
Taxation and social security 4,910 4,067
Other creditors 38,192 55,857
52,600 70,517

Included in loans is a government backed bounce back loan of £4,560 (2024: £4,763)

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 9,027 13,384

Included in loans is a government backed bounce back loan of £9,027 (2024: £13,384)

EPICARDIO LTD (REGISTERED NUMBER: 07585521)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. DEFERRED TAX
£   
Accelerated capital allowances 94
Losses carried forward (15,731 )
R&D credit (2,748 )
Balance at 31 March 2025 (18,385 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,304 Ordinary £1 1,304 1,278

During the year 26 ordinary shares were issued at a value of £248.85 per share.