Company registration number 07858218 (England and Wales)
ECA ECONOMICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
ECA ECONOMICS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ECA ECONOMICS LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
901,713
901,713
Current assets
Debtors
4
192,448
73
Cash at bank and in hand
81,336
81,439
273,784
81,512
Creditors: amounts falling due within one year
5
(274,622)
(76,282)
Net current (liabilities)/assets
(838)
5,230
Net assets
900,875
906,943
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
899,875
905,943
Total equity
900,875
906,943

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 February 2024 and are signed on its behalf by:
Mr N Haralambopoulos
Mr D Williams
Director
Director
Company registration number 07858218 (England and Wales)
ECA ECONOMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information

ECA Economics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 41 Lonsdale Road, London, NW6 6RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Basic financial assets and liabilities

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

ECA ECONOMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
901,713
901,713
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
192,448
73
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
80,547
74,682
Other creditors
194,075
1,600
274,622
76,282
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100,000 Ordinary of 1p each
1,000
1,000
1,000
1,000
2023-05-312022-06-01false23 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R TomkinsMr P RobinsonMr W DerbyshireMr P LewingtonMr N HaralambopoulosMr D WilliamsMr F BeelitzMr P Robinsonfalse078582182022-06-012023-05-31078582182023-05-31078582182022-05-3107858218core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3107858218core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3107858218core:CurrentFinancialInstruments2023-05-3107858218core:CurrentFinancialInstruments2022-05-3107858218core:ShareCapital2023-05-3107858218core:ShareCapital2022-05-3107858218core:RetainedEarningsAccumulatedLosses2023-05-3107858218core:RetainedEarningsAccumulatedLosses2022-05-3107858218core:ShareCapitalOrdinaryShares2023-05-3107858218core:ShareCapitalOrdinaryShares2022-05-3107858218bus:Director42022-06-012023-05-3107858218bus:Director52022-06-012023-05-31078582182021-06-012022-05-3107858218core:WithinOneYear2023-05-3107858218core:WithinOneYear2022-05-3107858218bus:OrdinaryShareClass12023-05-3107858218bus:OrdinaryShareClass12022-06-012023-05-3107858218bus:PrivateLimitedCompanyLtd2022-06-012023-05-3107858218bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3107858218bus:FRS1022022-06-012023-05-3107858218bus:AuditExemptWithAccountantsReport2022-06-012023-05-3107858218bus:Director12022-06-012023-05-3107858218bus:Director22022-06-012023-05-3107858218bus:Director32022-06-012023-05-3107858218bus:Director62022-06-012023-05-3107858218bus:Director72022-06-012023-05-3107858218bus:CompanySecretary12022-06-012023-05-3107858218bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP