IRIS Accounts Production v23.1.0.753 13619002 director 14.9.21 30.9.22 30.9.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure136190022021-09-13136190022022-09-30136190022021-09-142022-09-30136190022021-09-1313619002ns15:EnglandWales2021-09-142022-09-3013619002ns14:PoundSterling2021-09-142022-09-3013619002ns10:Director12021-09-142022-09-3013619002ns10:PrivateLimitedCompanyLtd2021-09-142022-09-3013619002ns10:SmallEntities2021-09-142022-09-3013619002ns10:AuditExempt-NoAccountantsReport2021-09-142022-09-3013619002ns10:SmallCompaniesRegimeForDirectorsReport2021-09-142022-09-3013619002ns10:SmallCompaniesRegimeForAccounts2021-09-142022-09-3013619002ns10:FullAccounts2021-09-142022-09-3013619002ns10:RegisteredOffice2021-09-142022-09-3013619002ns5:CurrentFinancialInstruments2022-09-3013619002ns5:Non-currentFinancialInstruments2022-09-3013619002ns5:ShareCapital2022-09-3013619002ns5:RetainedEarningsAccumulatedLosses2022-09-3013619002ns5:AdditionsToInvestments2022-09-3013619002ns5:CostValuation2022-09-3013619002ns5:Secured2022-09-30
REGISTERED NUMBER: 13619002 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 SEPTEMBER 2021 TO 30 SEPTEMBER 2022

FOR

E17 PORTFOLIO GROUP HOLDINGS LTD

E17 PORTFOLIO GROUP HOLDINGS LTD (REGISTERED NUMBER: 13619002)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 14 SEPTEMBER 2021 TO 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E17 PORTFOLIO GROUP HOLDINGS LTD

COMPANY INFORMATION
For The Period 14 SEPTEMBER 2021 TO 30 SEPTEMBER 2022







DIRECTOR: Z Hanif





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 13619002 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

E17 PORTFOLIO GROUP HOLDINGS LTD (REGISTERED NUMBER: 13619002)

BALANCE SHEET
30 SEPTEMBER 2022

Notes £    £   
FIXED ASSETS
Investments 4 3,135,664

CURRENT ASSETS
Debtors 5 435,000
Cash at bank 44,702
479,702
CREDITORS
Amounts falling due within one year 6 1,528,922
NET CURRENT LIABILITIES (1,049,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,086,444

CREDITORS
Amounts falling due after more than one
year

7

2,179,250
NET LIABILITIES (92,806 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (92,906 )
(92,806 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Z Hanif - Director


E17 PORTFOLIO GROUP HOLDINGS LTD (REGISTERED NUMBER: 13619002)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 14 SEPTEMBER 2021 TO 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

E17 Portfolio Group Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

E17 PORTFOLIO GROUP HOLDINGS LTD (REGISTERED NUMBER: 13619002)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 14 SEPTEMBER 2021 TO 30 SEPTEMBER 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 3,135,664
At 30 September 2022 3,135,664
NET BOOK VALUE
At 30 September 2022 3,135,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by connected companies 435,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 34,500
Amounts owed to group undertakings 1,452,835
Other creditors 41,587
1,528,922

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 2,179,250

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 2,213,750

Bank loan is secured by way of fixed and floating charge on the property or undertaking of the company and contains a negative pledge.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in debtors, amount falling due within one year, is an amount of £435,000 owed by connected companies. This amount is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount of £39,901 loan from the directors. The loan is interest free and payable on demand.