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Registration number: 13900271

EUROPIUM GROUP LIMITED

Annual Report and Unaudited Financial Statements

for the Period from 8 February 2022 to 31 January 2023

 

EUROPIUM GROUP LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

EUROPIUM GROUP LIMITED

Company Information

Directors

Mrs Kajal Bhayani

Mr Dharmesh Bhayani

Registered office

Unit 9
Ringway Trading Estate
Manchester
Greater Manchester
M22 5LH

Accountants

The Moffatts Partnership LLP
Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

EUROPIUM GROUP LIMITED

(Registration number: 13900271)
Balance Sheet as at 31 January 2023

Note

2023
£

Fixed assets

 

Investments

4

821,879

Creditors: Amounts falling due within one year

5

(1)

Net assets

 

821,878

Capital and reserves

 

Called up share capital

6

100

Other reserves

821,778

Shareholders' funds

 

821,878

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2023 and signed on its behalf by:

.........................................
Mr Dharmesh Bhayani
Director

   
     
 

EUROPIUM GROUP LIMITED

Notes to the Unaudited Financial Statements for the Period from 8 February 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 9
Ringway Trading Estate
Manchester
Greater Manchester
M22 5LH
England

These financial statements were authorised for issue by the Board on 4 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

 

EUROPIUM GROUP LIMITED

Notes to the Unaudited Financial Statements for the Period from 8 February 2022 to 31 January 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

EUROPIUM GROUP LIMITED

Notes to the Unaudited Financial Statements for the Period from 8 February 2022 to 31 January 2023

4

Investments

2023
£

Investments in subsidiaries

821,879

Subsidiaries

£

Cost or valuation

Revaluation

(372,193)

Additions

1,194,072

At 31 January 2023

821,879

Provision

Carrying amount

At 31 January 2023

821,879

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

Subsidiary undertakings

Europium World (UK) Limited (Company No. 07093391)

Unit 9
Ringway Trading Estate
Manchester
Greater Manchester
England
M22 5LH

England and Wales

Ordinary £1 shares

100%

 

EUROPIUM GROUP LIMITED

Notes to the Unaudited Financial Statements for the Period from 8 February 2022 to 31 January 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Bespoke By Zen Limited (Company No. 13951607)

Unit 9
Ringway Trading Estate
Manchester
Greater Manchester
England
M22 5LH

England and Wales

Ordinary £1 shares

100%

Subsidiary undertakings

Europium World (UK) Limited (Company No. 07093391)

The principal activity of Europium World (UK) Limited (Company No. 07093391) is the sale of home fragrance products. The loss for the financial period of Europium World (UK) Limited (Company No. 07093391) was £260,693 and the aggregate amount of Capital and reserves at the end of the period was £821,778.

Bespoke By Zen Limited (Company No. 13951607)

The principal activity of Bespoke By Zen Limited (Company No. 13951607) is non-specialised wholesale trade. The profit for the financial period of Bespoke By Zen Limited (Company No. 13951607) was £- and the aggregate amount of Capital and reserves at the end of the period was £1.

5

Creditors

2023
£

Due within one year

Other creditors

1

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Shares of £1 each

100

100