0 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,403,705 588,705 588,705 4,815,000 5,403,705 xbrli:pure xbrli:shares iso4217:EUR 03534899 2023-01-01 2023-12-31 03534899 2023-12-31 03534899 2022-12-31 03534899 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03534899 bus:Director3 2023-01-01 2023-12-31 03534899 core:WithinOneYear 2023-12-31 03534899 core:WithinOneYear 2022-12-31 03534899 core:AfterOneYear 2023-12-31 03534899 core:AfterOneYear 2022-12-31 03534899 core:ShareCapital 2023-12-31 03534899 core:ShareCapital 2022-12-31 03534899 core:RetainedEarningsAccumulatedLosses 2023-12-31 03534899 core:RetainedEarningsAccumulatedLosses 2022-12-31 03534899 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 03534899 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2023-12-31 03534899 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-12-31 03534899 core:Non-currentFinancialInstruments 2023-12-31 03534899 core:Non-currentFinancialInstruments 2022-12-31 03534899 bus:SmallEntities 2023-01-01 2023-12-31 03534899 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03534899 bus:FullAccounts 2023-01-01 2023-12-31 03534899 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03534899 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03534899 bus:OrdinaryShareClass1 2023-12-31 03534899 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 03534899
Eveagency Limited
Filleted Unaudited Financial Statements
31 December 2023
Eveagency Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
Fixed assets
Investments
5
4,815,000
5,403,705
Current assets
Debtors
6
706,927
690,048
Investments
7
408,589
387,689
Cash at bank and in hand
8,885
18,412
-----------
-----------
1,124,401
1,096,149
Creditors: amounts falling due within one year
8
4,899,325
4,903,869
-----------
-----------
Net current liabilities
3,774,924
3,807,720
-----------
-----------
Total assets less current liabilities
1,040,076
1,595,985
Creditors: amounts falling due after more than one year
9
96,212
93,384
-----------
-----------
Net assets
943,864
1,502,601
-----------
-----------
Capital and reserves
Called up share capital
10
814,000
814,000
Profit and loss account
129,864
688,601
---------
-----------
Shareholder funds
943,864
1,502,601
---------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Eveagency Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
J F Iglesias
Director
Company registration number: 03534899
Eveagency Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Mathews House, Haugh Lane, Hexham, Northumberland, NE46 3PU, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in euros, which is the functional currency of the entity, rounded to the nearest €1.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
These financial statements are presented in euros. The rate of exchange used to translate sterling balances into euros at 31 December 2023 was £0.87 = €1 (2022: £0.89 = €1). Assets and liabilities in non-euro currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in non-euro currencies are translated into euros at the rate of exchange ruling at the date of the transaction. Exchange differences in respect of transactions are taken into account in arriving at the operating profit. Equity shares denominated in sterling are translated into euros at the rate of exchange on the date of issue.
Investments
Fixed asset investments and unlisted current asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Current asset investments comprising listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Staff numbers
The average number of persons employed by the company during the year, including the director, amounted to 1 (2022: 1).
5. Investments
Shares in group undertakings
Cost
At 1 January 2023 and 31 December 2023
5,403,705
-----------
Impairment
At 1 January 2023
Impairment losses
588,705
-----------
At 31 December 2023
588,705
-----------
Carrying amount
At 31 December 2023
4,815,000
-----------
At 31 December 2022
5,403,705
-----------
6. Debtors
2023
2022
Amounts owed by group undertakings and undertakings in which the company has a participating interest
699,740
687,540
Other debtors
7,187
2,508
---------
---------
706,927
690,048
---------
---------
7. Investments
2023
2022
Investments
408,589
387,689
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,887,001
4,887,000
Other creditors
12,324
16,869
-----------
-----------
4,899,325
4,903,869
-----------
-----------
Amounts owed to group undertakings totalling €4,887,000 (2022: €4,887,000) are secured by a fixed and floating charge over the assets of the company.
9. Creditors: amounts falling due after more than one year
2023
2022
Other creditors
96,212
93,384
-------
-------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
No.
Ordinary shares of € 1.628 each
500,000
814,000
500,000
814,000
---------
---------
---------
---------
The share capital is 500,000 ordinary shares of £1 each translated into euros at the rate of exchange on the date of issue.