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REGISTERED NUMBER: 04689368 (England and Wales)















EKN HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






EKN HOLDINGS LIMITED (REGISTERED NUMBER: 04689368)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EKN HOLDINGS LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: H Rai





SECRETARY: Mrs G Rai





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 04689368 (England and Wales)






EKN HOLDINGS LIMITED (REGISTERED NUMBER: 04689368)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 4 433,388 510,388
Cash at bank 24,924 20,405
458,312 530,793
CREDITORS
Amounts falling due within one year 5 461,223 530,016
NET CURRENT (LIABILITIES)/ASSETS (2,911 ) 777
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,911

)

777

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings (3,511 ) 177
SHAREHOLDERS' FUNDS (2,911 ) 777

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





H Rai - Director


EKN HOLDINGS LIMITED (REGISTERED NUMBER: 04689368)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

EKN Holdings 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the company's principal activity, namely the provision of short term finance.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 323,350 378,350
Other debtors 110,038 132,038
433,388 510,388

EKN HOLDINGS LIMITED (REGISTERED NUMBER: 04689368)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 2,733 2,777
Amounts owed to participating interests 20,804 20,560
Taxation and social security 3,056 3,375
Other creditors 434,630 503,304
461,223 530,016

6. RELATED PARTY DISCLOSURES

As at 31st March 2024, the company was owed £110,038 by EKN Cars Limited (2023 : £132,038).

As at 31st March 2024, the company owed £20,100 to EKN Properties Limited (2023 : £20,100).

As at 31st March 2024, the company owed £704 to ETR VTouch Limited (2023 : £460).

No interest is chargeable on loans with EKN Cars Limited, EKN Properties Limited and ETR VTouch Limited, which are repayable on demand.

Mr H.Rai is a director and shareholder of EKN Cars Limited, EKN Properties Limited and ETR VTouch Limited.