Company registration number 07568719 (England and Wales)
EACD Holdings Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
EACD Holdings Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
EACD Holdings Ltd
Statement Of Financial Position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
2
1,158,364
Investments
3
50,201
202
1,208,565
202
Current assets
Debtors
30,291
Cash at bank and in hand
3,996
976
34,287
976
Creditors: amounts falling due within one year
(1,242,789)
(1,000)
Net current liabilities
(1,208,502)
(24)
Net assets
63
178
Capital and reserves
Called up share capital
4
203
203
Profit and loss reserves
(140)
(25)
Total equity
63
178
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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 and signed by the director and authorised for issue on 12 August 2024
E Dorgan
Director
Company registration number 07568719 (England and Wales)
EACD Holdings Ltd
Notes to the financial statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
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.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities 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.
2
Investment property
2024
£
Fair value
At 1 April 2023
Additions
1,158,364
At 31 March 2024
1,158,364
EACD Holdings Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
50,201
202
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2023
202
Additions
49,999
At 31 March 2024
50,201
Carrying amount
At 31 March 2024
50,201
At 31 March 2023
202
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
203
203
203
203
5
Company information
EACD Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 63 West Street, Southport, Merseyside, PR8 1QS.