ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

As restated

Company registration number: 06383163

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	EG INNOVATIONS UK LIMITED


EG INNOVATIONS UK LIMITED

COMPANY INFORMATION

Directors	Anand Sampath
	Srinivas Ramanathan


Company secretary	Anand Sampath


Registered number	06383163


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


EG INNOVATIONS UK LIMITED REGISTERED NUMBER:06383163

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		1,041		540
			1,041		540
Current assets
Debtors: amounts falling due within one year	5	20,958		44,910
Cash at bank and in hand		201,519		153,721
		222,477		198,631
Creditors: amounts falling due within one year	6	(931,005)		(1,060,015)
Net current liabilities			(708,528)		(861,384)
Total assets less current liabilities			(707,487)		(860,844)

Net liabilities			(707,487)		(860,844)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(707,488)	(860,845)
	(707,487)	(860,844)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Anand Sampath

Director

Date: 16 September 2025

The notes on pages 4 to 8 form part of these financial statements.

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EG INNOVATIONS UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024 (as previously stated)	1	(719,990)	(719,989)
Prior year adjustment - correction of error	-	(140,855)	(140,855)
At 1 April 2024 (as restated)	1	(860,845)	(860,844)

Profit for the year	-	153,357	153,357
At 31 March 2025	1	(707,488)	(707,487)

The notes on pages 4 to 8 form part of these financial statements.

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EG INNOVATIONS UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2023 (as previously stated)	1	(816,813)	(816,812)
Prior year adjustment - correction of error	-	(150,085)	(150,085)
At 1 April 2023 (as restated)	1	(966,898)	(966,897)

Profit for the year	-	106,053	106,053
At 31 March 2024	1	(860,845)	(860,844)

The notes on pages 4 to 8 form part of these financial statements.

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EG INNOVATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

EG Innovations UK 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Monetary amounts in these financial statements are rounded to the nearest £.

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Going concern

The financial statements have been prepared on the basis the company will continue to operate. The ultimate controlling party has confirmed it will provide the necessary support to ensure the company can meet its obligations for at least 12 months, from the date of approval of the financial statements.

2.4

Revenue

Revenue from software licence is recognised when persuasive evidence of an agreement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. Revenue on software maintenance is recognized in the period in which the services are rendered.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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EG INNOVATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

25%

on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

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EG INNOVATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2024	6,916
	Additions	848
	At 31 March 2025	7,764
	Depreciation
	At 1 April 2024	6,376
	Charge for the year on owned assets	347
	At 31 March 2025	6,723
	Net book value
	At 31 March 2025	1,041
	At 31 March 2024	540

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EG INNOVATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	7,334	36,257
Amounts owed by group undertakings	1,257	1,257
Other debtors	8,205	-
Prepayments and accrued income	4,162	7,396
	20,958	44,910

Trade creditors	1,560	1,560
Amounts owed to group undertakings	788,977	838,229
Other taxation and social security	1,275	6,797
Other creditors	4,431	2,236
Accruals and deferred income	134,762	211,193
	931,005	1,060,015

7.	Prior year adjustment

The financial statements for the year ended 31 March 2024 have been restated to correct the intercompany balances. The previously reported amounts did not appropriately reflect the foreign exchange translation as at the year end, as required by FRS 102.
Impact of the Restatement
As a result of this correction, the following changes have been made to the financial statements for the year ended 31 March 2024:

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,949 (2024: £3,839). Contributions totalling £1,270 (2024: £1,240) were payable to the fund at the balance sheet date and are included in creditors.

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EG INNOVATIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

	Not later than 1 year	9,864	-
		9,864	-

10.	Related party transactions
	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	Controlling party

The ultimate controlling party is eG Innovations Holdings Pte Limited.
The smallest and the largest group for which consolidated accounts are prepared is eG Innovations Pte Limited. The registered address of both parent and the ultimate controlling party is 81 Neil Road, Singapore, 088905.

12.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 17 September 2025 by Nimita Chan FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

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