Company No: 11547036 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

G Whitaker

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

11547036 (England and Wales)

	Note	28.02.2025		29.02.2024
		£		£
Fixed assets
Intangible assets	3	0		564,758
		0		564,758
Current assets
Debtors	4	674,969		16,619
Cash at bank and in hand		13,876		28,793
		688,845		45,412
Creditors: amounts falling due within one year	5	( 35,696)		( 87,817)
Net current assets/(liabilities)		653,149		(42,405)
Total assets less current liabilities		653,149		522,353
Net assets		653,149		522,353
Capital and reserves
Called-up share capital		10		10
Share premium account		344,030		344,030
Profit and loss account		309,109		178,313
Total shareholder's funds		653,149		522,353

For the financial year ending 28 February 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 year 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 Profit and Loss Account has not been delivered.

The financial statements of Agrigate Limited (registered number: 11547036) were approved and authorised for issue by the Director on 18 November 2025. They were signed on its behalf by:

G Whitaker Director

1. Accounting policies

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

General information and basis of accounting

Agrigate Limited (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 22 Chancery Lane, London, WC2A 1LS, 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 Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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

The current accounting period represents the 12 months to 28 February 2025. The prior accounting period represents the 17 months from 1 October 2022 to 29 February 2024 and therefore the figures are not comparable.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for hardware and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover relating to services rendered is recognised in the period in which the services are provided. Turnover relating to the supply of goods is recognised in the period in which the goods are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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

5 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Ordinary share capital

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

2. Employees

	Year ended 28.02.2025		Period from 01.10.2022 to 29.02.2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	1		1

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 March 2024	645,498		645,498
Additions	611,418		611,418
Disposals	( 1,256,916)		( 1,256,916)
At 28 February 2025	0		0
Accumulated amortisation
At 01 March 2024	80,740		80,740
Charge for the financial year	177,760		177,760
Disposals	( 258,500)		( 258,500)
At 28 February 2025	0		0
Net book value
At 28 February 2025	0		0
At 29 February 2024	564,758		564,758

4. Debtors

	28.02.2025		29.02.2024
	£		£
Trade debtors	45,752		15,559
Amounts owed by group undertakings	628,042		0
Other debtors	1,175		1,060
	674,969		16,619

5. Creditors: amounts falling due within one year

	28.02.2025		29.02.2024
	£		£
Trade creditors	35,696		1,439
Amounts owed to group undertakings	0		75,628
Taxation and social security	0		1,754
Other creditors	0		8,996
	35,696		87,817