EUROPEAN BUSINESS GROUP LTD.

Company Registration Number:
12178809 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

EUROPEAN BUSINESS GROUP LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EUROPEAN BUSINESS GROUP LTD.

Company Information

for the Period Ended 31 March 2024




Director: Paul Van der Rome
Registered office: 124
City Road
London
England
EC1V 2NX
Company Registration Number: 12178809 (England and Wales)

EUROPEAN BUSINESS GROUP LTD.

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

Business & Financial Management Services

Directors

The director(s) shown below were appointed to the company during the period
Paul Van der Rome
01 April 2023

This report was approved by the board of directors on 5 March 2025
And Signed On Behalf Of The Board By:

Name: Paul Van der Rome
Status: Director

EUROPEAN BUSINESS GROUP LTD.

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 0 0
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 91,594 ) ( 0 )
Operating Profit or (Loss) ( 91,594 ) 0
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 91,594 ) 0
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 91,594 ) 0

The notes form part of these financial statements

EUROPEAN BUSINESS GROUP LTD.

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 1,227,050 0
Tangible assets: 5 32,500 0
Total fixed assets: 1,259,550 0
Current assets
Stocks: 1,000 1,000
Debtors: 6 7,500,000 0
Cash at bank and in hand: 37,843 0
Total current assets: 7,538,843 1,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 0 ) ( 0 )
Net current assets (liabilities): 7,538,843 1,000
Total assets less current liabilities: 8,798,393 1,000
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 8,798,393 1,000

The notes form part of these financial statements

EUROPEAN BUSINESS GROUP LTD.

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve: 7 8,836,537 0
Profit and loss account: ( 39,144 ) 0
Shareholders funds: 8,798,393 1,000

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 March 2025
And Signed On Behalf Of The Board By:

Name: Paul Van der Rome
Status: Director

The notes form part of these financial statements

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 0

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 April 2023 -
    Additions 1,227,050
    Disposals -
    Revaluations -
    Transfers -
    At 31 March 2024 1,227,050
    Amortisation
    Amortisation at 01 April 2023 0
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 March 2024 0
    Net book value
    Net book value at 31 March 2024 1,227,050
    Net book value at 31 March 2023 0

    Intellectual Property (IP) for the Legal Audit Review System (LARS) software was fully acquired by European Business Group Ltd. with an equivalent value to the acknowledged liabilities of £1,227,050.07 and is classified under Intangible Assets

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible Assets

Total
Cost £
At 01 April 2023 -
Additions 32,500
Disposals -
Revaluations -
Transfers -
At 31 March 2024 32,500
Depreciation
At 01 April 2023 0
Charge for year -
On disposals -
Other adjustments -
At 31 March 2024 0
Net book value
At 31 March 2024 32,500
At 31 March 2023 0

Direct purchase of computer and related equipment

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 6. Debtors


    2024
    £

    2023
    £
    Debtors due after more than one year: 7,500,000

    The total transferred forward receivables of the unrelated plc were valued at £29,639,428 but were reduced to a 'forced sale' present value of £10,000,000.

    However, as the benefit yet to be received only pertained to the 75% equity held by European Business Group Ltd., the secured amount correctly attributable to the company is £7,500,000, which is now classified as a debtor (receivable) under assets.

EUROPEAN BUSINESS GROUP LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Revaluation reserve


2024
£
Balance at 01 April 2023 0
Surplus or deficit after revaluation 8,836,537
Balance at 31 March 2024 8,836,537

The year's loss of 39,144 was set off