Silverfin false false 31/03/2025 09/11/2023 31/03/2025 Mr P D Nery 09/11/2023 06 November 2025 The principal activity of the Company during the financial year was that of AI software development for the Health Care Sector. 15272869 2025-03-31 15272869 bus:Director1 2025-03-31 15272869 core:CurrentFinancialInstruments 2025-03-31 15272869 core:ShareCapital 2025-03-31 15272869 core:RetainedEarningsAccumulatedLosses 2025-03-31 15272869 core:ComputerSoftware 2023-11-08 15272869 2023-11-08 15272869 core:ComputerSoftware 2025-03-31 15272869 core:FurnitureFittings 2023-11-08 15272869 core:FurnitureFittings 2025-03-31 15272869 core:ImmediateParent core:CurrentFinancialInstruments 2025-03-31 15272869 bus:OrdinaryShareClass1 2025-03-31 15272869 2023-11-09 2025-03-31 15272869 bus:FilletedAccounts 2023-11-09 2025-03-31 15272869 bus:SmallEntities 2023-11-09 2025-03-31 15272869 bus:AuditExemptWithAccountantsReport 2023-11-09 2025-03-31 15272869 bus:PrivateLimitedCompanyLtd 2023-11-09 2025-03-31 15272869 bus:Director1 2023-11-09 2025-03-31 15272869 core:ComputerSoftware core:TopRangeValue 2023-11-09 2025-03-31 15272869 core:OtherResidualIntangibleAssets 2023-11-09 2025-03-31 15272869 core:FurnitureFittings 2023-11-09 2025-03-31 15272869 core:ComputerSoftware 2023-11-09 2025-03-31 15272869 core:ComputerSoftware 1 2023-11-09 2025-03-31 15272869 1 2023-11-09 2025-03-31 15272869 bus:OrdinaryShareClass1 2023-11-09 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15272869 (England and Wales)

# ECHO BMS LTD

### Unaudited Financial Statements
For the financial period from 09 November 2023 to 31 March 2025
Pages for filing with the registrar

ECHO BMS LTD

## Unaudited Financial Statements

For the financial period from 09 November 2023 to 31 March 2025

Contents

ECHO BMS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
ECHO BMS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 31.03.2025
|  | £
Fixed assets |  |
Intangible assets | 3 | 367,776
Tangible assets | 4 | 6,097
|  | 373,873
Current assets |  |
Debtors | 5 | 9,315
Cash at bank and in hand |  | 11,263
|  | 20,578
Creditors: amounts falling due within one year | 6 | ( 572,480)
Net current liabilities |  | (551,902)
Total assets less current liabilities |  | (178,029)
Net liabilities |  | ( 178,029)
Capital and reserves |  |
Called-up share capital | 7 | 100
Profit and loss account |  | ( 178,129 )
Total shareholder's deficit |  | ( 178,029)

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

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Echo BMS Ltd (registered number: 15272869) were approved and authorised for issue by the Director on 06 November 2025. They were signed on its behalf by:

Mr P D Nery Director |

ECHO BMS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 November 2023 to 31 March 2025
ECHO BMS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 09 November 2023 to 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Echo BMS Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Brook House Manor Drive, Clyst St. Mary, Exeter, EX5 1GD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £178,029. The Company is supported through loans from the Parent Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

Reporting period length represents a 17 month period from the date of incorporation, with the reporting period being extended to bring the reporting date in line with other companies in the Group. As this is the first trading period there are no comparable figures impacted by this extension.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software | 10 years straight line

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Period from 09.11.2023 to 31.03.2025
| Number
Monthly average number of persons employed by the Company during the period, including the director | 2

#### 3. Intangible assets

| Computer software |  | Total
| £ |  | £
Cost |  |  |
At 09 November 2023 | 0 |  | 0
Additions | 178,804 |  | 178,804
Intra-group transfer at net book value | 303,907 |  | 303,907
At 31 March 2025 | 482,711 |  | 482,711
Accumulated amortisation |  |  |
At 09 November 2023 | 0 |  | 0
Charge for the financial period | 38,326 |  | 38,326
Intra-group transfer at net book value | 76,609 |  | 76,609
At 31 March 2025 | 114,935 |  | 114,935
Net book value |  |  |
At 31 March 2025 | 367,776 |  | 367,776

During the accounting period, development costs with a net book value of £227,298 were transferred from Rose Care Group Limited, the parent company of Echo BMS Ltd. These development costs were incurred prior to the incorporation of Echo BMS Ltd.

#### 4. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 09 November 2023 | 0 |  | 0
Additions | 6,213 |  | 6,213
At 31 March 2025 | 6,213 |  | 6,213
Accumulated depreciation |  |  |
At 09 November 2023 | 0 |  | 0
Charge for the financial period | 116 |  | 116
At 31 March 2025 | 116 |  | 116
Net book value |  |  |
At 31 March 2025 | 6,097 |  | 6,097

#### 5. Debtors

| 31.03.2025
| £
Trade debtors | 4,506
VAT recoverable | 4,809
| 9,315

#### 6. Creditors: amounts falling due within one year

| 31.03.2025
| £
Amounts owed to Group undertakings | 10,000
Amounts owed to Parent undertakings | 558,580
Accruals | 3,900
| 572,480

#### 7. Called-up share capital

| 31.03.2025
| £
Allotted, called-up and fully-paid |
1,000 Ordinary shares of £ 0.10 each | 100

#### 8. Related party transactions

Echo BMS Limited has taken the exemption in Section 1AC.35 of FRS102 from disclosing related party transactions with 100% owned group companies.