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REGISTERED NUMBER: 12251935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

E.F.T. HOLDINGS LIMITED

E.F.T. HOLDINGS LIMITED (REGISTERED NUMBER: 12251935)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.F.T. HOLDINGS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Taylor





REGISTERED OFFICE: 153-155 London Road
Hemel Hempstead
Hemel Hempstead
United Kingdom
HP3 9SQ





REGISTERED NUMBER: 12251935 (England and Wales)

E.F.T. HOLDINGS LIMITED (REGISTERED NUMBER: 12251935)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,839,032 1,839,032

CURRENT ASSETS
Debtors 5 - 50,043
Cash at bank 4,304 94
4,304 50,137
CREDITORS
Amounts falling due within one year 6 324,202 296,711
NET CURRENT LIABILITIES (319,898 ) (246,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,519,134

1,592,458

CREDITORS
Amounts falling due after more than one
year

7

-

9,988
NET ASSETS 1,519,134 1,582,470

CAPITAL AND RESERVES
Called up share capital 8 400 400
Share premium 9 919,416 919,416
Retained earnings 9 599,318 662,654
SHAREHOLDERS' FUNDS 1,519,134 1,582,470

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

E.F.T. HOLDINGS LIMITED (REGISTERED NUMBER: 12251935)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





J Taylor - Director


E.F.T. HOLDINGS LIMITED (REGISTERED NUMBER: 12251935)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

E.F.T. 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.

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.

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

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 1,839,032
NET BOOK VALUE
At 31 December 2023 1,839,032
At 31 December 2022 1,839,032

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 50,043

Other debtors represents directors loan accounts, which were repaid after the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,947
Amounts owed to group undertakings 322,639 292,264
Other creditors 501 500
Directors' current accounts 1,062 -
324,202 296,711

E.F.T. HOLDINGS LIMITED (REGISTERED NUMBER: 12251935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 4,055
Bank loans - 2-5 years - 5,933
- 9,988

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary £1 102 102
298 Ordinary A, B and C £1 298 298
400 400

The company was formed on 9th October 2019 with the issue of £1 ordinary share. In December 2019, an additional 99 ordinary shares were issued at a premium of £9,288 per share in exchange for shares in the subsidiary company N.H.G Accommodation Limited. In November 2020, 2 ordinary shares, 102 A ordinary shares, 98 B ordinary shares and 98 C ordinary shares were issued at nominal value.

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 662,654 919,416 1,582,070
Deficit for the year (447 ) (447 )
Dividends (62,889 ) (62,889 )
At 31 December 2023 599,318 919,416 1,518,734