Registered number
14045053
Erudite Partners Ltd
Filleted Accounts
30 April 2024
Erudite Partners Ltd
Registered number: 14045053
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 907,500 86,355
Cash at bank and in hand 1,243,058 627,311
2,150,558 713,666
Creditors: amounts falling due within one year 4 (2,136,275) (691,771)
Net current assets 14,283 21,895
Total assets less current liabilities 14,283 21,895
Creditors: amounts falling due after more than one year 5 (35,328) -
Net (liabilities)/assets (21,045) 21,895
Capital and reserves
Called up share capital 1 1
Profit and loss account (21,046) 21,894
Shareholder's funds (21,045) 21,895
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 member has 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.
Mr R Maunick
Director
Approved by the board on 24 January 2025
Erudite Partners Ltd
Notes to the Accounts
for the year ended 30 April 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 34,957 43,886
Amounts owed by undertakings which has an interest in the company 704,548 -
Other debtors 167,995 42,469
907,500 86,355
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,472 85,953
Taxation and social security costs 2,107,903 585,084
Other creditors 15,900 18,934
Accruals 2,000 1,800
2,136,275 691,771
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,328 -
6 Related party transactions
The company acts as a fiduciary agent and on behalf of Collabera Ltd, a company domiciled and based in Cyprus. A balance of £704,548 is owed by Collabera Ltd for extra expenses paid by Erudire Partners Ltd.

Erudite Partners Ltd did not receive an income during the year.
7 Controlling party
The director controls the company.
8 Other information
Erudite Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Blinkbox Business Complex
Western Road
Deal
Kent
CT14 6PJ
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