Company Registration No. 09370255 (England and Wales)
EEB9 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants & Statutory Auditors
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
EEB9 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EEB9 LIMITED
Company Registration No. 09370255
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
15
55
Creditors: amounts falling due within one year
3
(435,750)
(435,750)
Net current liabilities
(435,735)
(435,695)
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
(435,835)
(435,795)
Total equity
(435,735)
(435,695)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered 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 8 November 2024 and are signed on its behalf by:
D Kelleher
Director
EEB9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
EEB9 Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The principal accounting policies adopted are set out below.
1.2
Going concern
At the balance sheet date the company has made a loss of £40 and has net liabilities of £435,735. Included in creditors are amounts due to the parent company, EE2018 Limited, of £435,750. The ultimate parent company has confirmed that they will continue to support the company for the foreseeable future and is confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.
A fellow subsidiary company, is managing live projects and associated costs for EEB9 Limited. Development services are charged to EEB9 Limited from the fellow subsidiary once pre-determined stages are met. The company is therefore considered to be preparing to trade.
1.3
Debtors
Short term debtors are measured at transaction price, less any impairment.
1.4
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand.
1.5
Creditors
Short term creditors are measured at the transaction price.
2
Employees
The company has 0 (2023 - 0) employees other than the directors, who did not receive any remuneration.
3
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
435,750
435,750
435,750
435,750
EEB9 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
5
Reserves
Profit and loss account
The profit and loss account represents profit and losses net of adjustment.
6
Related party transactions
The company is a wholly owned subsidiary and accordingly has taken the exemptions provided within paragraph 33.1A of FRS 102 and therefore transactions with group companies have not been disclosed.
7
Audit report information
The auditor's report on the financial statements for the year ended 31 March 2024 was unqualified.
The financial statements of the Company for the year ended 31 March 2023 were not audited. The comparatives presented as part of these financial statements of the Company have not been audited as a result.
The audit report was signed by Philip Munk FCA, FCCA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.
This report is made solely to the company’s members, as a body, in accordance with Sections 495 and 496 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
8
Controlling party
The immediate parent undertaking of the Company is EE2018 Limited, a company incorporated in England and Wales.
The ultimate parent undertaking at 31 March 2024 is Elgin Energy Holdings Limited, a company incorporated in England and Wales.
There is no sole controlling party.
At 3 April 2024 the ultimate parent undertaking is CI V Porto Topco Limited, a company incorporated in England and Wales.