Registered number
12867659
EGN Holdings Ltd
Unaudited Filleted Accounts
31 December 2023
EGN Holdings Ltd
Registered number: 12867659
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,042,932 768,000
Current assets
Debtors 4 95,000 95,000
Cash at bank and in hand 129,114 28,818
224,114 123,818
Creditors: amounts falling due within one year 5 (569,403) (472,254)
Net current liabilities (345,289) (348,436)
Net assets 697,643 419,564
Capital and reserves
Called up share capital 101 100
Profit and loss account 697,542 419,464
Shareholders' funds 697,643 419,564
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Hoskinson
Director
Approved by the board on 6 September 2024
EGN Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 768,000
Additions 274,932
At 31 December 2023 1,042,932
4 Debtors 2023 2022
£ £
Other debtors 95,000 95,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 569,403 472,254
6 Related party transactions
At 31 December 2023, EGN Holdings Ltd was owed £95,000 (2022 - £95,000) from Kinlan Brickwork Ltd; and owed £115,125 (2022 - £115,000) to The Brick Cutters Ltd and £50,737 (2022 - £50,737) to St Austin Developments Ltd. All companies are under the control of the director Mr J Hoskinson.
7 Other information
EGN Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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