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REGISTERED NUMBER: 05403833 (England and Wales)



















EUROFUNDING HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


EUROFUNDING HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr G P Beynon
Mrs B J Beynon





SECRETARY: Mr G P Beynon





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





BUSINESS ADDRESS: Motion House
86 Leicester Road
New Packington
Ashby-De-La-Zouch
LE65 1TQ





REGISTERED NUMBER: 05403833 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,363,788 498,628
Investments 5 100 100
Investment property 6 299,435 299,435
1,663,323 798,163

CURRENT ASSETS
Debtors 7 3,398,841 2,778,646
Investments 8 2,058,954 1,849,471
Cash at bank 540,564 1,590,300
5,998,359 6,218,417
CREDITORS
Amounts falling due within one year 9 379,849 243,034
NET CURRENT ASSETS 5,618,510 5,975,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,281,833

6,773,546

PROVISIONS FOR LIABILITIES 12,097 9,155
NET ASSETS 7,269,736 6,764,391

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 7,169,736 6,664,391
SHAREHOLDERS' FUNDS 7,269,736 6,764,391

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

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

The directors acknowledge their 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.

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

BALANCE SHEET - continued
31 JULY 2024


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 Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Mr G P Beynon - Director


EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Eurofunding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 621,532 91,904 - 81,543 794,979
Additions 878,254 14,213 5,059 9,364 906,890
At 31 July 2024 1,499,786 106,117 5,059 90,907 1,701,869
DEPRECIATION
At 1 August 2023 159,525 73,224 - 63,602 296,351
Charge for year 24,861 7,052 632 9,185 41,730
At 31 July 2024 184,386 80,276 632 72,787 338,081
NET BOOK VALUE
At 31 July 2024 1,315,400 25,841 4,427 18,120 1,363,788
At 31 July 2023 462,007 18,680 - 17,941 498,628

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 299,435
NET BOOK VALUE
At 31 July 2024 299,435
At 31 July 2023 299,435

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 80,437 181,976
Other debtors 2,775,555 2,581,258
Directors' current accounts 488,817 -
Corporation tax 15,165 -
Prepayments and accrued income 38,867 15,412
3,398,841 2,778,646

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 2,058,954 1,849,471

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,201 46,260
Corporation tax 164,976 22,515
Social security and other taxes 9,163 12,325
VAT 4,637 44,165
Other creditors 6,334 10,433
Directors' current accounts 111,210 100,289
Accruals and deferred income 7,328 7,047
379,849 243,034

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100,000
(2023 - 100,000
)
51,000 A £1 51,000 -
49,000 B £1 49,000 -
100,000 100,000

On 15th July 2024, the existing 100,000 Ordinary £1 shares were designated to 51,000 A £1 shares and 49,000 B £1 shares.

EUROFUNDING HOLDINGS LIMITED (REGISTERED NUMBER: 05403833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mrs B J Beynon
Balance outstanding at start of year - -
Amounts advanced 488,817 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 488,817 -

12. RELATED PARTY DISCLOSURES

Eurofunding Holdings Limited are owed £2,580,541 (2023: £2,580,541) by related parties.