REGISTERED NUMBER: |
Unaudited financial statements for the year ended 31 May 2024 |
For |
Actaris Holding Ltd |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Actaris Holding Ltd (Registered number: 09031175) |
Statement of financial position |
31 May 2024 |
2024 | 2023 |
Notes | € | € |
Fixed assets |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
2024 | 2023 |
€ | € |
Prepayments | 2,027 | 2,027 |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
€ | € |
Loans payable | 1,463,719 | 1,763,738 |
Accruals | 5,542 | 3,747 |
1,469,261 | 1,767,485 |
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 |