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REGISTERED NUMBER: 09970207 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

Envol Cabling Limited

Envol Cabling Limited (Registered number: 09970207)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company information 1

Report of the directors 2

Income statement 3

Balance sheet 4

Statement of changes in equity 6

Notes to the financial statements 7


Envol Cabling Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Cl Directors (Monaco) Ltd
A S Mazzotta





SECRETARY: Vistra Cosec Limited





REGISTERED OFFICE: Suite 1, 7th Floor,
50 Broadway,
London,
SW1H 0BL





REGISTERED NUMBER: 09970207 (England and Wales)





ACCOUNTANTS: Equiom (Scotland)
15a Harbour Road
Inverness
INVERNESS-SHIRE
IV1 1SY

Envol Cabling Limited (Registered number: 09970207)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
Holding of shares in Nexans Cote D'Ivoire.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

Cl Directors (Monaco) Ltd
A S Mazzotta

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A S Mazzotta - Director


16 September 2024

Envol Cabling Limited (Registered number: 09970207)

Income Statement
for the Year Ended 31 January 2024

2024 2023
€    €   

TURNOVER - -

Operational expenses (59,088 ) (57,367 )
(59,088 ) (57,367 )

Other operating income 72,000 72,000
OPERATING PROFIT and
PROFIT BEFORE TAXATION 12,912 14,633

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 12,912 14,633

Envol Cabling Limited (Registered number: 09970207)

Balance Sheet
31 January 2024

2024 2023
Notes €    €   
FIXED ASSETS
Investments 5 5,465,576 5,393,576

CURRENT ASSETS
Debtors 6 5,644 5,644
Cash at bank 704 3,602
6,348 9,246
CREDITORS
Amounts falling due within one year 7 (4,255,262 ) (4,239,072 )
NET CURRENT LIABILITIES (4,248,914 ) (4,229,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,216,662

1,163,750

CREDITORS
Amounts falling due after more than one
year

8

(1,114,192

)

(1,074,192

)
NET ASSETS 102,470 89,558

CAPITAL AND RESERVES
Called up share capital 9 131,460 131,460
Retained earnings (28,990 ) (41,902 )
SHAREHOLDERS' FUNDS 102,470 89,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Envol Cabling Limited (Registered number: 09970207)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared 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 16 September 2024 and were signed on its behalf by:




A S Mazzotta - Director



Cl Directors (Monaco) Ltd - Director


Envol Cabling Limited (Registered number: 09970207)

Statement of Changes in Equity
for the Year Ended 31 January 2024

Called up
share Retained Total
capital earnings equity
€    €    €   
Balance at 1 February 2022 131,460 (56,535 ) 74,925

Changes in equity
Total comprehensive income - 14,633 14,633
Balance at 31 January 2023 131,460 (41,902 ) 89,558

Changes in equity
Total comprehensive income - 12,912 12,912
Balance at 31 January 2024 131,460 (28,990 ) 102,470

Envol Cabling Limited (Registered number: 09970207)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Envol Cabling 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 Euro (€).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit and loss.

GOING CONCERN
The company is dependent on the continued financial support of the lenders in order to enable it to continue operating and to meet its liabilities as they fall due. The lenders have agreed to continue to provide financial support to the company and accordingly the directors have prepared the financial statements under the going concern concept.

INVESTMENT INCOME
Investment income is accounted for on a receivable basis.

INTEREST INCOME
Interest income is accounted for on a receivable basis.

EXPENSES
Expenses are accounted for on an accruals basis.

Envol Cabling Limited (Registered number: 09970207)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued

FOREIGN CURRENCIES
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated at the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

TAXATION
Taxation expense for the period where applicable comprises current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income.

INVESTMENTS
Unquoted investments

Unquoted investments are stated at cost. Any surplus or deficit arising on the disposal of investments is transferred to the statement of comprehensive income

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Envol Cabling Limited (Registered number: 09970207)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. FIXED ASSET INVESTMENTS

2024 2023
€    €   

Brought forward 3,414,858 3,414,858
Carried forward 3,414,858 3,414,858

Analysed as:
Nexans Cote d'Ivoire 3,414,858 3,414,858
Nexans Cote d'Ivoire
The company owns 40% of the equity share capital of Nexans Cote d'Ivoire (2023: 40%)

LOANS RECEIVABLE
2024 2023
€    €   

Loan receivable - Nexans Cote d'Ivoire (ii) 1,800,000 1,800,000
Loan interest receivable - Nexans Cote d'Ivoire (ii) 250,718 178,718
2,050,718 1,978,718
The Directors approved on 3rd February 2020 to grant Nexans Cote d'Ivoire a shareholder loan of €800,000 with an interest of 4% per year. On 24 March 2021, this facility was increased by €1,000,000 to €1,800,000. The Directors consider this loan to be long-term.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
€   €   

Loan receivable - Nexans Cote d'Ivoire (i)1,8161,816
Prepayments3,8283,828
5,6445,644
The loan receivable from Nexans Cote d'Ivoire is unsecured, interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
€   €   

Shareholders loan - Conway Investment Limited3,294,9013,277,537
Shareholders loan - Executive Financing (Mauritius)307,051306,951
Shareholders loan - Golden Heritage Ltd644,511644,411
Shareholders loan - NH6,0986,098
Trade creditors - Equiom SAM113-
Accruals2,5884,075
4,255,2624,239,072
The loans payable are unsecured, interest free and repayable on demand.

Envol Cabling Limited (Registered number: 09970207)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

20242023
€   €   

Shareholders loan - Conway Investment Ltd1,000,0001,000,000
Loan interest114,19274,192
1,114,1921,074,192
The shareholders loan payable is unsecured, interest bearing at 4% per annum and is considered long term liability by the Directors.

9. CALLED UP SHARE CAPITAL

2024 2023
€    €   
100,000 Ordinary shares of £1 each
Allotted, called up and fully paid
At 1 February & 31 January 131,460 131,460

Authorised GBP 100,000 100,000