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Registration number: 08264995

Gatherer Systems Ltd
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 March 2025

Gatherer Systems Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Abridged Balance Sheet | 4 to 5
Notes to the Unaudited Abridged Financial Statements | 6 to 10

Gatherer Systems Ltd

Company Information

Directors | Mr Jon Malvern Mr Donald William Gatherer Dr Angus Prideaux Perry

Registered office | 61 Whiting Street, Bury St Edmunds, Suffolk, IP33 1NP

Accountants | Abtax CA Limited Certified Accountant The Joiners Shop The Historic Dockyard Main Gate Road Chatham Kent ME4 4TZ

Gatherer Systems Ltd

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the abridged financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Jon Malvern

Mr Donald William Gatherer

Dr Angus Prideaux Perry

Principal activity

The principal activity of the company is Design and Manufacture of physical medicine, rehabilitation & gymnasium equipment.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:

......................................... Mr Donald William Gatherer Director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gatherer Systems Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gatherer Systems Ltd for the year ended 31 March 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Gatherer Systems Ltd, as a body, in accordance with the terms of our engagement letter dated 1 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of Gatherer Systems Ltd and state those matters that we have agreed to state to the Board of Directors of Gatherer Systems Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gatherer Systems Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gatherer Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gatherer Systems Ltd. You consider that Gatherer Systems 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 accounts of Gatherer Systems 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 accounts.

......................................
Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

17 September 2025

Gatherer Systems Ltd

(Registration number: 08264995)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 143,144 | 145,916
Tangible assets | 6 | 578 | 211
|  | 143,722 | 146,127
Current assets |  |  |
Debtors | 7 | 9,978 | 4,369
Cash at bank and in hand |  | 17,298 | 13,465
|  | 27,276 | 17,834
Creditors: Amounts falling due within one year |  | (89,488) | (88,181)
Net current liabilities |  | (62,212) | (70,347)
Total assets less current liabilities |  | 81,510 | 75,780
Creditors: Amounts falling due after more than one year |  | (255,000) | (252,500)
Net liabilities |  | (173,490) | (176,720)
Capital and reserves |  |  |
Called up share capital | 8 | 1,817 | 1,817
Share premium reserve |  | 323,314 | 323,314
Retained earnings |  | (498,621) | (501,851)
Shareholders' deficit |  | (173,490) | (176,720)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Gatherer Systems Ltd

(Registration number: 08264995)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:

.........................................

Mr Donald William Gatherer

Director

Gatherer Systems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
61 Whiting Street,
Bury St Edmunds,
Suffolk,
IP33 1NP
England

These financial statements were authorised for issue by the Board on 17 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Gatherer Systems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment, fittings and fixtures | 33.33% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Patents , trademarks and license agreement | 20 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Gatherer Systems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 501 | 211
Amortisation expense | 12,355 | 11,877

Gatherer Systems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 237,528
Additions acquired separately | 9,583
At 31 March 2025 | 247,111
Amortisation
At 1 April 2024 | 91,612
Amortisation charge | 12,355
At 31 March 2025 | 103,967
Carrying amount
At 31 March 2025 | 143,144
At 31 March 2024 | 145,916

Amortisation is calculated at 5% on Patent items as indicated on the balance sheet on a straight line basis. No R & D expenditure is recognised as an expense during the period.

Gatherer Systems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

6 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 2,244 | 2,244
Additions | 868 | 868
At 31 March 2025 | 3,112 | 3,112
Depreciation
At 1 April 2024 | 2,033 | 2,033
Charge for the year | 501 | 501
At 31 March 2025 | 2,534 | 2,534
Carrying amount
At 31 March 2025 | 578 | 578
At 31 March 2024 | 211 | 211

7 | Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
ordinary shares of £1 each | 1,724 | 1,724 | 1,724 | 1,724
A ordinary of £1 each | 93 | 93 | 93 | 93
Redeemable Preference shares of £1 each | 50,000 | 50,000 | 50,000 | 50,000
| 51,817 | 51,817 | 51,817 | 51,817