Registered number
13149261
ESP Investment Group Ltd
Filleted Accounts
31 January 2023
ESP Investment Group Ltd
Registered number: 13149261
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,530,350 648,872
Current assets
Debtors 4 7,000 -
Cash at bank and in hand 6,425 2,203
13,425 2,203
Creditors: amounts falling due within one year 5 (210,594) (96,898)
Net current liabilities (197,169) (94,695)
Total assets less current liabilities 1,333,181 554,177
Creditors: amounts falling due after more than one year 6 (1,332,832) (547,071)
Net assets 349 7,106
Capital and reserves
Called up share capital 100 100
Profit and loss account 249 7,006
Shareholders' funds 349 7,106
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Arjan Terziu
Director
Approved by the board on 25 October 2023
ESP Investment Group Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 February 2022 648,872
Additions 881,478
At 31 January 2023 1,530,350
4 Debtors 2023 2022
£ £
Other debtors 7,000 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts (18,644) -
Taxation and social security costs 1,644 1,644
Other creditors 227,594 95,254
210,594 96,898
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,332,832 547,071
7 Other information
ESP Investment Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Punchard Crescent
Enfield
England
EN3 6FZ
ESP Investment Group Ltd 13149261 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts October 2023 Arjan Terziu No description of principal activity 13149261 2021-01-21 2022-01-31 13149261 core:WithinOneYear 2022-01-31 13149261 core:AfterOneYear 2022-01-31 13149261 core:ShareCapital 2022-01-31 13149261 core:RetainedEarningsAccumulatedLosses 2022-01-31 13149261 2022-02-01 2023-01-31 13149261 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13149261 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13149261 bus:Director40 2022-02-01 2023-01-31 13149261 1 2022-02-01 2023-01-31 13149261 2 2022-02-01 2023-01-31 13149261 countries:England 2022-02-01 2023-01-31 13149261 bus:FRS102 2022-02-01 2023-01-31 13149261 bus:FullAccounts 2022-02-01 2023-01-31 13149261 2023-01-31 13149261 core:WithinOneYear 2023-01-31 13149261 core:AfterOneYear 2023-01-31 13149261 core:ShareCapital 2023-01-31 13149261 core:RetainedEarningsAccumulatedLosses 2023-01-31 13149261 core:AdditionsToInvestments 2023-01-31 13149261 2022-01-31 iso4217:GBP xbrli:pure