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Registered number: 07330016
Euthenius Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07330016
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,586 1,263
Investments 5 35,000 50,000
45,586 51,263
CURRENT ASSETS
Debtors 6 15,030 -
Cash at bank and in hand 20,701 28,633
35,731 28,633
Creditors: Amounts Falling Due Within One Year 7 (63,283 ) (37,981 )
NET CURRENT ASSETS (LIABILITIES) (27,552 ) (9,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,034 41,915
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,646 ) (265 )
NET ASSETS 15,388 41,650
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve 15,000 -
Income Statement 288 41,550
SHAREHOLDERS' FUNDS 15,388 41,650
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr M Chand
Director
29/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Euthenius Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07330016 . The registered office is North Weald Heatherlands Road, Chilworth, Southampton, SO16 7JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 25% Straight Line
Computer Equipment 33.33% Straight Line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.

Investments

Investments in listed and unlisted company shares whose market value can be reliably determined are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. For unlisted investments where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Taxation
Taxation for the period 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 statement of financial position date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
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2.7. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.8. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.9. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 7,896 443 8,339
Additions 7,080 7,139 14,219
As at 31 July 2024 14,976 7,582 22,558
Depreciation
As at 1 August 2023 6,780 296 7,076
Provided during the period 2,369 2,527 4,896
As at 31 July 2024 9,149 2,823 11,972
Net Book Value
As at 31 July 2024 5,827 4,759 10,586
As at 1 August 2023 1,116 147 1,263
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 August 2023 50,000
Revaluations (15,000 )
As at 31 July 2024 35,000
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 35,000
As at 1 August 2023 50,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,031 -
Shareholder loan account 9,999 -
15,030 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 10,332 3,214
Other creditors 21,760 19,211
Accruals and deferred income 2,997 4,733
Director's loan account 28,194 10,823
63,283 37,981
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end, there are 75 Ordinary A shares and 25 Ordinary B shares in issue.
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,708 -
Later than one year and not later than five years 11,181 -
17,889 -
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 38,133 13,597
12. Related Party Transactions
The Directors Loan Account balance of Mr M Chand as at the year-end is £28,194. This amount is a current liability, interest free and is repayable on demand.
As at the year-end, shareholders owed the company £9,999. This amount is a current asset, interest free and receivable on demand. This outstanding amount will be repaid to the company within nine months of the year-end.
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