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REGISTERED NUMBER: 07289096 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

EPSILON-3 BIO LIMITED

EPSILON-3 BIO LIMITED (REGISTERED NUMBER: 07289096)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

EPSILON-3 BIO LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2015







DIRECTORS: Dr D J Grainger
Ms M N E Ollier
Dr M W Edwards
Dr N A Pitchford





SECRETARY: Dr E McKilligin





REGISTERED OFFICE: Moneta Building
Babraham Research Campus
Babraham
Cambridge
Cambridgeshire
CB22 3AT





REGISTERED NUMBER: 07289096 (England and Wales)





ACCOUNTANTS: Lovetts Chartered Accountants
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

EPSILON-3 BIO LIMITED (REGISTERED NUMBER: 07289096)

ABBREVIATED BALANCE SHEET
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 28,500 30,000
Tangible assets 3 981 1,532
29,481 31,532

CURRENT ASSETS
Debtors 256,688 224,833
Cash at bank 722,391 644,892
979,079 869,725
CREDITORS
Amounts falling due within one year 36,645 51,332
NET CURRENT ASSETS 942,434 818,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,915

849,925

CAPITAL AND RESERVES
Called up share capital 4 40,638 27,060
Share premium 3,213,031 2,223,031
Profit and loss account (2,281,754 ) (1,400,166 )
SHAREHOLDERS' FUNDS 971,915 849,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 30 September 2016 and were signed on its behalf
by:




Dr D J Grainger - Director


EPSILON-3 BIO LIMITED (REGISTERED NUMBER: 07289096)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Patents
Amortisation is provided at varying rates on cost in order to write off each asset over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 35,377
Additions 5,341
At 31 December 2015 40,718
AMORTISATION
At 1 January 2015 5,377
Amortisation for year 6,841
At 31 December 2015 12,218
NET BOOK VALUE

At 31 December 2015 28,500
At 31 December 2014 30,000

EPSILON-3 BIO LIMITED (REGISTERED NUMBER: 07289096)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 2,477
DEPRECIATION
At 1 January 2015 945
Charge for year 551
At 31 December 2015 1,496
NET BOOK VALUE
At 31 December 2015 981
At 31 December 2014 1,532

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
448,183 Ordinary 1p 8,060 4,482
2,257,846 A Preferred 1p 32,578 22,578
40,638 27,060