0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 140,000 140,000 140,000 xbrli:pure xbrli:shares iso4217:GBP 09655848 2023-07-01 2024-06-30 09655848 2024-06-30 09655848 2023-06-30 09655848 2022-07-01 2023-06-30 09655848 2023-06-30 09655848 2022-06-30 09655848 bus:Director1 2023-07-01 2024-06-30 09655848 core:WithinOneYear 2024-06-30 09655848 core:WithinOneYear 2023-06-30 09655848 core:ShareCapital 2024-06-30 09655848 core:ShareCapital 2023-06-30 09655848 core:RetainedEarningsAccumulatedLosses 2024-06-30 09655848 core:RetainedEarningsAccumulatedLosses 2023-06-30 09655848 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 09655848 core:Non-currentFinancialInstruments 2024-06-30 09655848 core:Non-currentFinancialInstruments 2023-06-30 09655848 bus:SmallEntities 2023-07-01 2024-06-30 09655848 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09655848 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09655848 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09655848 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 09655848
EY Group Limited
Filleted Unaudited Financial Statements
30 June 2024
EY Group Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
140,000
140,000
Current assets
Cash at bank and in hand
123
866
Creditors: amounts falling due within one year
5
( 177,166)
( 177,166)
---------
---------
Net current liabilities
( 177,043)
( 176,300)
---------
---------
Total assets less current liabilities
( 37,043)
( 36,300)
--------
--------
Net liabilities
( 37,043)
( 36,300)
--------
--------
Capital and reserves
Called up share capital
48
48
Profit and loss account
( 37,091)
( 36,348)
--------
--------
Shareholders deficit
( 37,043)
( 36,300)
--------
--------
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 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have 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 .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Mr J Howard
Director
Company registration number: 09655848
EY Group Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023 and 30 June 2024
140,000
---------
Impairment
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
140,000
---------
At 30 June 2023
140,000
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,579
1,579
Other creditors
175,587
175,587
---------
---------
177,166
177,166
---------
---------
6. Controlling party
The company is not controlled by any of its shareholders as none of them hold more than 50% of the shares.