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REGISTERED NUMBER: 08357617 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 29 DECEMBER 2023

FOR

ECOMACHINES VENTURES LIMITED

ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECOMACHINES VENTURES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023







DIRECTORS: A Krenke
V Evdokimenko
M Semenov





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 08357617 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)

BALANCE SHEET
29 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 185,168 185,168
185,168 185,168

CURRENT ASSETS
Debtors 7 119,133 117,152
Cash at bank 17,611 17,840
136,744 134,992
CREDITORS
Amounts falling due within one year 8 (520,301 ) (479,082 )
NET CURRENT LIABILITIES (383,557 ) (344,090 )
TOTAL ASSETS LESS CURRENT LIABILITIES (198,389 ) (158,922 )

CREDITORS
Amounts falling due after more than one
year

9

(1,173,223

)

(1,162,979

)
NET LIABILITIES (1,371,612 ) (1,321,901 )

CAPITAL AND RESERVES
Called up share capital 11 429 429
Share premium 2,828 2,828
Capital contribution reserves 91,211 101,456
Retained earnings (1,466,080 ) (1,426,614 )
SHAREHOLDERS' FUNDS (1,371,612 ) (1,321,901 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2023 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.

ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)

BALANCE SHEET - continued
29 DECEMBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





M Semenov - Director


ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

1. STATUTORY INFORMATION

EcoMachines Ventures 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

As at 29th December 2023 the company's liabilities exceeded its assets by £1,371,612 (2022: £1,321,901). The business is funded through a mixture of shareholder loans and income from operational activities, with any deficit supported by shareholder loans. Revenues are expected to accelerate as the company's portfolio of investments starts generating revenues. The financial statements are prepared on a going concern basis as in the opinion of the directors, the company has the support of its creditors and investors for the foreseeable future and it is therefore appropriate to adopt the going concern policy.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial assets and liabilities
The company has chosen to apply the recognition and measurement principles set out in sections 11 and 12 of FRS 102.

Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets and liabilities are subsequently carried at amortised cost, using the effective interest rate method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2022 7,583
Additions 899
At 29 December 2023 8,482
DEPRECIATION
At 31 December 2022 7,583
Charge for period 899
At 29 December 2023 8,482
NET BOOK VALUE
At 29 December 2023 -

6. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 31 December 2022
and 29 December 2023 50 185,118 185,168
NET BOOK VALUE
At 29 December 2023 50 185,118 185,168
At 30 December 2022 50 185,118 185,168

ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,062 18,958
Amounts owed by group undertakings 60,385 60,385
Other debtors 40,686 37,809
119,133 117,152

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 297 -
Trade creditors 1,752 1,059
Amounts owed to group undertakings 187,914 187,914
Other creditors 330,338 290,109
520,301 479,082

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,082,660 1,072,936
Other creditors 90,563 90,043
1,173,223 1,162,979

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Shareholder loan 81,720 81,730

The above loan is secured by a fixed and floating charge held by way of a debenture over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 Ordinary A 1p 300 300
12,857 Ordinary B 1p 129 129
429 429

ECOMACHINES VENTURES LIMITED (REGISTERED NUMBER: 08357617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 29 DECEMBER 2023

12. RELATED PARTY DISCLOSURES

During the year, transactions with related parties were as follows:

Included within amounts due from group undertakings are short terms loans £187,914 (2022: £187,914).These loans are repayable on demand and are disclosed within amounts due to group undertakings in less than one year.

Included within other creditors due in more than one year are loans previously advanced by a shareholder holding a participating interest. These loans are interest free. No further advances occured during the year (2022 £nil). These loans are recognised in line with the recognition and measurement criteria for financial assets and liabilities as set out in sections 11 and 12 of FRS 102. Effective interest of £9,725 (2022: £7,320) has been charged to profit and loss account. The balance outstanding at the balance sheet date is £1,082,660 (2022: £1.072,936) and is due in more than one year.

The company was also owed £60,384 (2022: £60,384) on a intercompany account. The amount due is disclosed within amounts due from group undertakings within debtors. No doubtful debt provision has been made for non recoverable intercompany debtors.

A further purpose loan provided by a company with an interest in the share capital of Ecomachines Ventures Ltd has a present present value of £13,520 (2022: £13,000) at the balance sheet date and is disclosed within other creditors due in less than one year. The loan does not bear interest and is recognised in line with the measurement criteria for financial assets and liabilities as set out in sections 11 and 12 of FRS 102, using the effective interest method. Effective interest of £520 (2022: £500) has been recognised. The loan is repayable on 31st December 2044.