Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr C C Brentnall 28/04/2016 C4c Ownership Partners Limited 26/07/2017 Mr L T Copley-Wilkins 24/07/2018 Mr L A Manning 23/06/2006 Mr A J Milton 23/06/2006 02 September 2024 The principal activity of the Company during the financial year was assisting with the management of the other companies within the group. 05832964 2023-12-31 05832964 bus:Director1 2023-12-31 05832964 bus:Director2 2023-12-31 05832964 bus:Director3 2023-12-31 05832964 bus:Director4 2023-12-31 05832964 bus:Director5 2023-12-31 05832964 2022-12-31 05832964 core:CurrentFinancialInstruments 2023-12-31 05832964 core:CurrentFinancialInstruments 2022-12-31 05832964 core:ShareCapital 2023-12-31 05832964 core:ShareCapital 2022-12-31 05832964 core:SharePremium 2023-12-31 05832964 core:SharePremium 2022-12-31 05832964 core:CapitalRedemptionReserve 2023-12-31 05832964 core:CapitalRedemptionReserve 2022-12-31 05832964 core:RetainedEarningsAccumulatedLosses 2023-12-31 05832964 core:RetainedEarningsAccumulatedLosses 2022-12-31 05832964 core:OfficeEquipment 2022-12-31 05832964 core:OfficeEquipment 2023-12-31 05832964 core:CostValuation 2022-12-31 05832964 core:CostValuation 2023-12-31 05832964 core:ProvisionsForImpairmentInvestments 2022-12-31 05832964 core:ImpairmentLossProvisionsForImpairmentInvestments 2023-12-31 05832964 core:ProvisionsForImpairmentInvestments 2023-12-31 05832964 bus:OrdinaryShareClass3 2023-12-31 05832964 2023-01-01 2023-12-31 05832964 bus:FilletedAccounts 2023-01-01 2023-12-31 05832964 bus:SmallEntities 2023-01-01 2023-12-31 05832964 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05832964 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05832964 bus:Director1 2023-01-01 2023-12-31 05832964 bus:Director2 2023-01-01 2023-12-31 05832964 bus:Director3 2023-01-01 2023-12-31 05832964 bus:Director4 2023-01-01 2023-12-31 05832964 bus:Director5 2023-01-01 2023-12-31 05832964 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 05832964 2022-01-01 2022-12-31 05832964 core:OfficeEquipment 2023-01-01 2023-12-31 05832964 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05832964 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 05832964 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 05832964 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 05832964 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 05832964 bus:OrdinaryShareClass3 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05832964 (England and Wales)

EMPLOYEE OWNERS GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

EMPLOYEE OWNERS GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

EMPLOYEE OWNERS GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
EMPLOYEE OWNERS GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr C C Brentnall
C4c Ownership Partners Limited
Mr L T Copley-Wilkins
Mr L A Manning
Mr A J Milton
SECRETARY Mr J A Lewis
REGISTERED OFFICE The Framing Yard
East Cornworthy
Totnes
TQ9 7HF
United Kingdom
COMPANY NUMBER 05832964 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
EMPLOYEE OWNERS GROUP LIMITED

BALANCE SHEET

As at 31 December 2023
EMPLOYEE OWNERS GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 355 474
Investments 4 846,371 1,550,900
846,726 1,551,374
Current assets
Debtors 5 61,750 61,749
Cash at bank and in hand 5,530 5,594
67,280 67,343
Creditors: amounts falling due within one year 6 ( 1,850) ( 1,850)
Net current assets 65,430 65,493
Total assets less current liabilities 912,156 1,616,867
Net assets 912,156 1,616,867
Capital and reserves
Called-up share capital 7 143 143
Share premium account 454,886 454,886
Capital redemption reserve 190,200 190,200
Profit and loss account 266,927 971,638
Total shareholder's funds 912,156 1,616,867

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Employee Owners Group Limited (registered number: 05832964) were approved and authorised for issue by the Board of Directors on 02 September 2024. They were signed on its behalf by:

Mr L T Copley-Wilkins
Director
EMPLOYEE OWNERS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
EMPLOYEE OWNERS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Employee Owners Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Framing Yard, East Cornworthy, Totnes, TQ9 7HF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2023 1,498 1,498
At 31 December 2023 1,498 1,498
Accumulated depreciation
At 01 January 2023 1,024 1,024
Charge for the financial year 119 119
At 31 December 2023 1,143 1,143
Net book value
At 31 December 2023 355 355
At 31 December 2022 474 474

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 1,550,900
At 31 December 2023 1,550,900
Provisions for impairment
At 01 January 2023 0
Impairment 704,529
At 31 December 2023 704,529
Carrying value at 31 December 2023 846,371
Carrying value at 31 December 2022 1,550,900

5. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 61,750 61,749

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,850 1,850

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
Nil Ordinary A shares (2022: 9,038 shares of £ 0.01 each) 0 90.38
Nil Ordinary B shares (2022: 5,248 shares of £ 0.01 each) 0 52.48
14,286 Ordinary shares of £ 0.01 each (2022: nil shares) 142.86 0
142.86 142.86