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REGISTERED NUMBER: 05403833 (England and Wales)



















EUROFUNDING HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


EUROFUNDING HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr G P Beynon
Mrs B J Beynon





SECRETARY: Mr G P Beynon





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





BUSINESS ADDRESS: The Old School House
Upper Packington Road
ASHBY DE LA ZOUCH
Leicestershire
LE65 1EF





REGISTERED NUMBER: 05403833 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 498,628 535,415
Investments 5 100 100
Investment property 6 299,435 -
798,163 535,515

CURRENT ASSETS
Debtors 7 2,778,646 2,853,002
Investments 8 1,849,471 1,789,469
Cash at bank 1,590,300 1,580,582
6,218,417 6,223,053
CREDITORS
Amounts falling due within one year 9 243,034 294,348
NET CURRENT ASSETS 5,975,383 5,928,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,773,546

6,464,220

PROVISIONS FOR LIABILITIES 9,155 9,224
NET ASSETS 6,764,391 6,454,996

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 6,664,391 6,354,996
SHAREHOLDERS' FUNDS 6,764,391 6,454,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

BALANCE SHEET - continued
31 JULY 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





Mr G P Beynon - Director


EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Eurofunding Holdings Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.


EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 621,532 89,658 79,942 791,132
Additions - 2,246 1,601 3,847
At 31 July 2023 621,532 91,904 81,543 794,979
DEPRECIATION
At 1 August 2022 134,664 67,117 53,936 255,717
Charge for year 24,861 6,107 9,666 40,634
At 31 July 2023 159,525 73,224 63,602 296,351
NET BOOK VALUE
At 31 July 2023 462,007 18,680 17,941 498,628
At 31 July 2022 486,868 22,541 26,006 535,415

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 100
NET BOOK VALUE
At 31 July 2023 100
At 31 July 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 299,435
At 31 July 2023 299,435
NET BOOK VALUE
At 31 July 2023 299,435

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 181,976 106,073
Other debtors 2,581,258 2,736,942
Prepayments and accrued income 15,412 9,987
2,778,646 2,853,002

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 1,849,471 1,789,469

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 46,260 31,140
Corporation tax 22,515 119,011
Social security and other taxes 12,325 7,725
VAT 44,165 27,422
Other creditors 10,433 6,199
Directors' current accounts 100,289 98,851
Accruals and deferred income 7,047 4,000
243,034 294,348

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary £1 100,000 100,000

11. RELATED PARTY DISCLOSURES

Eurofunding Holdings Limited are owed £2,580,541 (2022: £2,721,542) by related parties.