Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312022-05-24trueNo description of principal activity2021-01-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11350287 2021-01-01 2021-12-31 11350287 2020-01-01 2020-12-31 11350287 2021-12-31 11350287 2020-12-31 11350287 c:Director1 2021-01-01 2021-12-31 11350287 d:OfficeEquipment 2021-01-01 2021-12-31 11350287 d:OfficeEquipment 2021-12-31 11350287 d:OfficeEquipment 2020-12-31 11350287 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11350287 d:CurrentFinancialInstruments 2021-12-31 11350287 d:CurrentFinancialInstruments 2020-12-31 11350287 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11350287 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11350287 d:ShareCapital 2021-12-31 11350287 d:ShareCapital 2020-12-31 11350287 d:RetainedEarningsAccumulatedLosses 2021-12-31 11350287 d:RetainedEarningsAccumulatedLosses 2020-12-31 11350287 c:FRS102 2021-01-01 2021-12-31 11350287 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11350287 c:FullAccounts 2021-01-01 2021-12-31 11350287 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11350287 d:WithinOneYear 2021-12-31 11350287 d:WithinOneYear 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 11350287









EOS ENERGY PARTNERS LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
EOS ENERGY PARTNERS LTD.
REGISTERED NUMBER: 11350287

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
229

  
-
229

Current assets
  

Debtors: amounts falling due within one year
 5 
603,797
22,936

Cash at bank and in hand
 6 
346,851
592,280

  
950,648
615,216

Creditors: amounts falling due within one year
 7 
(253,780)
(298,176)

Net current assets
  
 
 
696,868
 
 
317,040

Total assets less current liabilities
  
696,868
317,269

  

Net assets
  
696,868
317,269


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
696,858
317,259

  
696,868
317,269


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Natalino Mongillo
Director
Date: 24 May 2022

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
EOS ENERGY PARTNERS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The company is registered in England and Wales and its registration number is 11350287. It is a private limited company limited by shares.
Registered office:
67 Grosvenor Street,
Mayfair,
London,
United Kingdom,
W1K 3JN

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 2

 
EOS ENERGY PARTNERS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to Statement of Comprehensive Income on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Over a 3 year estimated useful life

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
EOS ENERGY PARTNERS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 4).

Page 4

 
EOS ENERGY PARTNERS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2021
825



At 31 December 2021

825



Depreciation


At 1 January 2021
596


Charge for the year
229



At 31 December 2021

825



Net book value



At 31 December 2021
-



At 31 December 2020
229


5.


Debtors

2021
2020
£
£


Trade debtors
201,720
22,331

Other debtors
-
605

Prepayments and accrued income
402,077
-

603,797
22,936



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
346,851
592,280

346,851
592,280


Page 5

 
EOS ENERGY PARTNERS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
14,007
3,672

Corporation tax
89,102
286,441

Other taxation and social security
22,209
4,776

Other creditors
257
312

Accruals and deferred income
128,205
2,975

253,780
298,176



8.


Pension commitments

During the year the Company made pension contributions amounting to £1,319 (2020: £1,314). As at 31 December 2021, the amount due to the pension fund was £257 (2020: £255).


9.


Commitments under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
11,900
11,900

11,900
11,900


10.


Related party transactions

During the year ended 31 December 2021, the Company reimbursed expenses to EOS Investment Management Ltd, an affiliated company, in relation to the rental agreement for business premises and amounting to £45,815 (2020: £25,111). As at 31 December 2021, the amount due to EOS Investment Management Ltd was £14,433 (2020: £3,570).
The Company received management fees in total amount of £693,240 (2020: £nil) for providingmanagement services to EOS Investment Management Ltd. As at 31 December 2021, the amount due from EOS Investment Management Ltd was £201,720 (2020: £nil).
The Company reimbursed expenses to EOS Capital Partners SRL, an affiliated company, for consultancy services provided amounting to £618,062 (2020: £nil).

 
Page 6