Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08948192 Mr Richard Stokes Mr Nigel Greene Mr Michael Tivey Ebonstone Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08948192 2024-03-31 08948192 2025-03-31 08948192 2024-04-01 2025-03-31 08948192 frs-core:CurrentFinancialInstruments 2025-03-31 08948192 frs-core:Non-currentFinancialInstruments 2025-03-31 08948192 frs-core:ComputerEquipment 2025-03-31 08948192 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08948192 frs-core:ComputerEquipment 2024-03-31 08948192 frs-core:FurnitureFittings 2025-03-31 08948192 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08948192 frs-core:FurnitureFittings 2024-03-31 08948192 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 08948192 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 08948192 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 08948192 frs-core:ShareCapital 2025-03-31 08948192 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08948192 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08948192 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08948192 frs-bus:SmallEntities 2024-04-01 2025-03-31 08948192 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08948192 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08948192 frs-core:CostValuation 2024-03-31 08948192 frs-core:CostValuation 2025-03-31 08948192 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 08948192 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 08948192 frs-bus:Director1 2024-04-01 2025-03-31 08948192 frs-bus:Director2 2024-04-01 2025-03-31 08948192 frs-bus:Director3 2024-04-01 2025-03-31 08948192 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 08948192 frs-countries:EnglandWales 2024-04-01 2025-03-31 08948192 2023-03-31 08948192 2024-03-31 08948192 2023-04-01 2024-03-31 08948192 frs-core:CurrentFinancialInstruments 2024-03-31 08948192 frs-core:Non-currentFinancialInstruments 2024-03-31 08948192 frs-core:ShareCapital 2024-03-31 08948192 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08948192
Equagen Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08948192
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 885,000
Investments 5 1 1
1 885,001
CURRENT ASSETS
Debtors 6 - 215,492
Cash at bank and in hand 672 8,456
672 223,948
Creditors: Amounts Falling Due Within One Year 7 (1,142,451 ) (1,455,619 )
NET CURRENT ASSETS (LIABILITIES) (1,141,779 ) (1,231,671 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,141,778 ) (346,670 )
Creditors: Amounts Falling Due After More Than One Year 8 (216,000 ) (785,086 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (146,047 ) (146,047 )
NET LIABILITIES (1,503,825 ) (1,277,803 )
CAPITAL AND RESERVES
Called up share capital 9 8 8
Profit and Loss Account (1,503,833 ) (1,277,811 )
SHAREHOLDERS' FUNDS (1,503,825) (1,277,803)
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Tivey
Director
15th December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Equagen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08948192 . The registered office is The Old Byre Sevington, Grittleton, Chippenham, Wiltshire, SN14 7LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The balance sheet shows a negative position and the directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, they are implementing restructuring and feel that the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 885,000 27,287 8,589 920,876
Disposals (885,000 ) - - (885,000 )
As at 31 March 2025 - 27,287 8,589 35,876
Depreciation
As at 1 April 2024 - 27,287 8,589 35,876
As at 31 March 2025 - 27,287 8,589 35,876
Net Book Value
As at 31 March 2025 - - - -
As at 1 April 2024 885,000 - - 885,000
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 1
As at 31 March 2025 1
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by participating interests - 215,403
Other debtors - 89
- 215,492
Page 4
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 456 853
Bank loans and overdrafts 11,950 13,326
Amounts owed to participating interests 1,116,698 1,397,323
Other creditors 1,200 44,117
Taxation and social security 12,147 -
1,142,451 1,455,619
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 569,086
Other creditors 216,000 216,000
216,000 785,086
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
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