REGISTERED NUMBER: |
Financial Statements for the Period 3 August 2023 to 30 April 2024 |
for |
EBSE Holdings Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 3 August 2023 to 30 April 2024 |
for |
EBSE Holdings Limited |
EBSE Holdings Limited (Registered number: 15048048) |
Contents of the Financial Statements |
for the Period 3 August 2023 to 30 April 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
EBSE Holdings Limited (Registered number: 15048048) |
Balance Sheet |
30 April 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
EBSE Holdings Limited (Registered number: 15048048) |
Notes to the Financial Statements |
for the Period 3 August 2023 to 30 April 2024 |
1. | STATUTORY INFORMATION |
EBSE Holdings Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about EBSE Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
EBSE Holdings Limited (Registered number: 15048048) |
Notes to the Financial Statements - continued |
for the Period 3 August 2023 to 30 April 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Debentures more 5yr non-instal |
Other loans more 5yrs non-inst |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Investor loan | 925,000 |
Loan notes | 1,357,960 |
The investor loan is secured by way of a secured loan agreement entered into on 21 September 2023 between the lender, the company, and the target company (subsidiary). |
The loan notes are secured by way of a debenture dated 21 September 2023 registered at Companies House on 22 September 2023. |
EBSE Holdings Limited (Registered number: 15048048) |
Notes to the Financial Statements - continued |
for the Period 3 August 2023 to 30 April 2024 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
10. | SUBSEQUENT EVENTS |
By mutual agreement, the investor loan, which has a repayment date of 21 September 2030 has been partially repaid in the period from the balance sheet date and up to the date of signing of the financial statements. The amount repaid in the subsequent period is £270,000. |
By mutual agreement, the loan notes, which similarly have a longstop repayment date of 21 September 2030 have been partially redeemed in the period from the balance sheet date and up to the date of signing of the financial statements. The amount redeemed in the subsequent period is £129,200. |
The company entered into a grant of EMI share options on 24 October 2024. |