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EB HOUSEHOLD (UK) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
EB Household (UK) Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 13871593). The registered office address is 6th Floor Marble Arch House, 66 Seymour Street, London, England, W1H 5BT.
The company was incorporated on 25 January 2022.
The Company's functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.
The Company continues to rely entirely on EB Household LLC, its parent company, for financial support. In order to support the going concern assumption, the directors have obtained a parent company letter of financial support which confirms the parent company's intention to continue to support the Company and provide financial and operational support if required.
Whilst currently there is no indication that assistance from the parent company would be withdrawn, in practical terms the Company cannot obligate the parent company to continue to provide this support should the parent company so desire to remove it.
The directors have carefully reviewed the future prospects of the parent company and its future
cash flows. Having assessed this the directors have a reasonable expectation that the parent company and group has adequate resources to continue in operational existence for the foreseeable future being at least the next 12 months from the date of signing of these financial statements. The directors view that the Company is a going concern and that these financial statements are therefore correctly prepared on the going concern basis.
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