Epitope Private Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11906753

Epitope Private Limited

Filleted Unaudited Financial Statements

31 March 2025

Epitope Private Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Epitope Private Limited

Statement of Financial Position

31 March 2025

	2025	2024
		(restated)
Note	€	€

Fixed assets

Tangible assets	5	249,067	285,981
Investments	6	217,920	217,920
		---------	---------
		466,987	503,901

Current assets

Debtors	7	129,554	154,913
Cash at bank and in hand		913,787	731,514
		------------	---------
		1,043,341	886,427

Creditors: amounts falling due within one year	8	271,585	99,950
		------------	---------
Net current assets		771,756	786,477
		------------	------------
Total assets less current liabilities		1,238,743	1,290,378

Creditors: amounts falling due after more than one year	9	–	64,501

Provisions	58,419	58,419
	------------	------------
Net assets	1,180,324	1,167,458
	------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	1,180,322	1,167,456
	------------	------------
Shareholders funds	1,180,324	1,167,458
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Epitope Private Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Dr J Baruah
Director

Company registration number: 11906753

Epitope Private Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 A Springfield Cottage, Stamford, Northamptonshire, PE9 3PF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in euros, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	5% straight line
Motor vehicles	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	€	€	€
Cost
At 1 April 2024 (as restated)	233,091	129,477	362,568
Additions	578	–	578
	---------	---------	---------
At 31 March 2025	233,669	129,477	363,146
	---------	---------	---------
Depreciation
At 1 April 2024	18,323	58,264	76,587
Charge for the year	11,597	25,895	37,492
	---------	---------	---------
At 31 March 2025	29,920	84,159	114,079
	---------	---------	---------
Carrying amount
At 31 March 2025	203,749	45,318	249,067
	---------	---------	---------
At 31 March 2024	214,768	71,213	285,981
	---------	---------	---------

6. Investments

	Other investments other than loans
	€
Cost
At 1 April 2024 as restated and 31 March 2025	217,920
	---------
Impairment
At 1 April 2024 as restated and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	217,920
	---------
At 31 March 2024	217,920
	---------

7. Debtors

	2025	2024
		(restated)
	€	€
Trade debtors	108,579	96,051
Other debtors	20,975	58,862
	---------	---------
	129,554	154,913
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	€	€
Corporation tax	179,409	–
Social security and other taxes	313	313
Other creditors	91,863	99,637
	---------	--------
	271,585	99,950
	---------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
		(restated)
	€	€
Other creditors	–	64,501
	----	--------

10. Prior period errors

The prior period accounts have been restated to account for the foreign exchange difference on the dividends voted in 2023 and 2024.

11. Director's advances, credits and guarantees

During the year, the director was advanced €324,047 and repayments of €326,433 were made by the director. Interest of €2,386 was charged on the loan at a rate of 2.25%.

12. Related party transactions

At the year end, the company owed a director €15,963 (2024: €74,776).