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REGISTERED NUMBER: 09031175 (England and Wales)















Unaudited financial statements for the year ended 31 May 2024

For

Actaris Holding Ltd

Actaris Holding Ltd (Registered number: 09031175)






Contents of the financial statements
for the Year Ended 31 May 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3


Actaris Holding Ltd

Company information
for the Year Ended 31 May 2024







Directors: Global Assistance Services Sa
A S Mazzotta





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor, 50 Broadway,
London
United Kingdom
SW1H 0BL





Registered number: 09031175 (England and Wales)






Actaris Holding Ltd (Registered number: 09031175)

Statement of financial position
31 May 2024

2024 2023
Notes €    €   
Fixed assets
Investments 5 2,969,927 2,969,927

Current assets
Debtors 6 2,027 2,027
Cash at bank 262 330
2,289 2,357
Creditors
Amounts falling due within one year 7 (1,469,261 ) (1,767,485 )
Net current liabilities (1,466,972 ) (1,765,128 )
Total assets less current liabilities 1,502,955 1,204,799

Capital and reserves
Called up share capital 1,228 1,228
Retained earnings 1,501,727 1,203,571
1,502,955 1,204,799

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 8 November 2024 and were signed on its behalf by:




A S Mazzotta - Director


Actaris Holding Ltd (Registered number: 09031175)

Notes to the financial statements
for the Year Ended 31 May 2024

1. General information

The principal activity of Actaris Holding Ltd is that of an investment holding company active in transport and logistics services in West Africa.

The company is a private company limited by shares and incorporated in the UK. Its registered office is Suite 1, 7th floor, 50 Broadway, London, SW1H 0BL. The company's registered number is 09031175.

The financial statements are presented in Euro, which is the functional currency of the company.

The company has no employees.

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. The individual financial statements of Actaris Holding Ltd have been prepared in compliance with UK Accounting Standards, including Financial Reporting Standard 102 Section 1A - Small Entities, ‘‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’’ (‘‘FRS 102 Section 1A - Small Entities’’) and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements

These financial statements are prepared on a going concern basis, under the historical cost convention.

Going concern

The company is dependent on the continued financial support of the lenders in order to enable it to continue operating and to meet its liabilities as they fall due. The lenders have agreed to continue to provide financial support to the company and accordingly the directors have prepared the financial statements under the going concern concept.

Investment income

Investment income is accounted for on a receivable basis.

Expenses

Expenses are recognised on an accruals basis.

Unquoted investment

The company's unquoted investment is stated at cost. Any surplus or deficit arising on the disposal of the investment is transferred to the statement of comprehensive income.

Foreign currency

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Actaris Holding Ltd (Registered number: 09031175)

Notes to the financial statements - continued
for the Year Ended 31 May 2024

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.

4. Employees and directors

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

5. Fixed asset investments

2024 2023
€    €   

Brought forward 2,969,927 2,969,927
Carried forward 2,969,927 2,969,927

Analysed as:
Transit Transport Services - 623 shares 2,969,927 2,969,927

Transit Transport Services
The company owns 41.53% of the equity share capital of Transit Transport Services (2023: 41.53%).

6. Debtors: amounts falling due within one year

20242023
€   €   

Prepayments2,0272,027

7. Creditors: amounts falling due within one year

20242023
€   €   

Loans payable1,463,7191,763,738
Accruals5,5423,747

1,469,2611,767,485

The loans payable are unsecured, interest free and repayable on demand.

8. Share capital

2024 2023
€    €   
Ordinary shares of €1 each
Allotted, called up and fully paid

At 1 June & 31 May 1,228 1,228