Company registration number 12490793 (England and Wales)
EDIPHY ANALYTICS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
EDIPHY ANALYTICS LIMITED
COMPANY INFORMATION
Directors
C P Welsh
(Appointed 3 June 2024)
C D Murphy
Company number
12490793
Registered office
43-45 Dorset Street
London
W1U 7NA
Auditor
Fisher, Sasson & Marks
43-45 Dorset Street
London
W1U 7NA
EDIPHY ANALYTICS LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4 - 5
Independent auditor's report
6 - 8
Profit and loss account
9
Statement of comprehensive income
10
Balance sheet
11
Statement of changes in equity
12
Statement of cash flows
13
Notes to the financial statements
14 - 19
EDIPHY ANALYTICS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The directors present the strategic report for the year ended 31 March 2024.

Review of the business

Ediphy Group Ltd operates a number of subsidiaries delivering services to the institutional capital markets industry. The Parent Company is headquartered in London and is currently focused on Uk based clients, including those global asset managers with a UK presence. Its major competitive advantage continues to be the use of its proprietary end-to-end technology stack to deliver both data analytics and trading workflow in an integrated manner.


Ediphy Markets Ltd is a wholly owned subsidiary providing execution services in fixed income products to institutional clients under its authorisation from the Financial Conduct Authority in the United Kingdom. Ediphy Group Ltd's other client-facing wholly owned subsidiary is Ediphy Analytics Ltd which provides workflow and analytics solutions to capital markets players. The Group's other wholly owned subsidiary, Ediphy Research Ltd, is a service company to the client-facing entities in the Group providing technology and human resources to support their activities.

 

The company performance was satisfactory, the revenue increased by £666,456. Although there was also an increase in some operating and administrative costs in 2024. Nevertheless these costs are very contained.

Principal risks and uncertainties

The principal risks and uncertainties faced by the company include: cyber security, financial fraud; operational risk; and loss of reputation. All these risks are addressed through a robust framework of policies, procedures and other internal controls, implemented in line the company's policy.

Key performance indicators

The company's key performance indicator is revenue. The firm's turnover is as disclosed in the statutory profit and loss account on page 6.

EDIPHY ANALYTICS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Directors' statement of compliance with duty to promote the success of the Company

The directors of the company have acted in a way that they consider, in good faith, would most likely promote the success of the company for the benefit of its shareholders, employees and customers as a whole, and in doing so, the directors have considered (amongst other matters):

 

The likely consequences of any decisions in the long term:

The Board takes full responsibility for all strategic matters and meets both formally and informally on a regular basis. There are other subordinate forums which have a degree of delegated authority, principally the Management Committee which deals with day-to-day activities. Given the Company is relatively small, all Directors are currently involved in much of the firm’s daily activity.

 

The interests of the Company's employees:

All Group employees are provided interesting and meaningful opportunities, usually spanning multiple disciplinary areas. This creates a flat management structure with staff of all levels getting deep exposure to all aspects of the business. A flexible working environment is offered, with most staff having the option of working remotely. Emphasis is put on maintaining a collegiate culture where information is shared appropriately, and feedback is given in real-time. Training is provided regularly and there is a clear framework of policies and procedures which are outlined in the Employee Handbook provided to all staff that accord with the legal requirements around equality and diversity, regulatory responsibilities and employment rights. We encourage all staff to speak up about things they are concerned about and operate a whistleblowing policy in addition to fostering this open culture.

 

The need to foster the Company's business relationships with supplier and others:

The Company operates closely with many key third parties in a way that they are aligned with its strategic objectives ensuring that all businesses continue to run optimally. These primarily include settlement and clearing agents and trading venues, all of whom are risk assessed before onboarding and actively managed relationships. The Board operates a risk management framework including Anti-Bribery and Corruption policies and is made aware of any significant supplier issues.

 

The Board retains a very transparent and respectful dialogue with its regulator ensuring that they are updated as required on key strategic decisions. The Board receives regular updates on developments in financial services regulation. The regulator requires compliance with their rules to ensure the integrity of the financial markets in which the Company operates.

 

The desirability of the Company maintaining a reputation for high standards of business conduct:

This is demonstrated through the 'tone from the top' in how the Directors drive and support the right culture for a client facing regulated business and how this cascades to all employees. We encourage all our people to think about the impact on clients first and escalating any potential issues quickly to ensure we conduct business in the right way at all times.

 

The need to act fairly among all stakeholders of the Company

The Board is diligent in discharging its responsibilities to all stakeholders of the Company, balancing the rights of shareholders with the need to treat Group employees, contractors and clients equitably.

 

Community & Environment: The firm takes its broader responsibilities very seriously and considers environmental impact when making decisions about its suppliers (mainly relevant in choosing IT infrastructure providers). As the Company grows, it is planning on providing internship opportunities to young people in the adjacent areas to its City of London offices and other parts of the UK.

EDIPHY ANALYTICS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

On behalf of the board

C D Murphy
Director
19 March 2025
EDIPHY ANALYTICS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

The directors present their annual report and financial statements for the year ended 31 March 2024.

Principal activities

The principal activity of the company continued to be that of the development and provision of trading technology services for institutional fixed income investment managers.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

C P Welsh
(Appointed 3 June 2024)
C D Murphy
D C Wild
(Resigned 3 June 2024)
Financial instruments
Liquidity Risk

The company manages its cash requirements ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Foreign Exchange risk

The company’s principal foreign currency exposures arise from trading foreign currency. Company policy permits but does not demand that these exposures may be hedged in order to fix the cost in GBP.

Credit risk

Investments of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfill credit rating criteria approved by the Board.

Energy and carbon report

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

EDIPHY ANALYTICS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
C D Murphy
Director
19 March 2025
EDIPHY ANALYTICS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDIPHY ANALYTICS LIMITED
- 6 -
Opinion

We have audited the financial statements of Ediphy Analytics Limited (the 'company') for the year ended 31 March 2024 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

EDIPHY ANALYTICS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDIPHY ANALYTICS LIMITED (CONTINUED)
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

EDIPHY ANALYTICS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDIPHY ANALYTICS LIMITED (CONTINUED)
- 8 -

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

 

To address the risk of fraud through management bias and override of controls, we:

 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or through collusion.

 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

The comparative figures are unaudited.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Marks
Senior Statutory Auditor
For and on behalf of
19 March 2025
Chartered Accountants
Statutory Auditor
EDIPHY ANALYTICS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
2024
2023
Notes
£
£
Turnover
3
666,456
-
Cost of sales
(654,821)
-
0
Gross profit
11,635
-
Administrative expenses
(11,275)
-
0
Profit before taxation
360
-
0
Tax on profit
7
-
0
-
0
Profit for the financial year
360
-
0

The profit and loss account has been prepared on the basis that all operations are continuing operations.

EDIPHY ANALYTICS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
2024
2023
£
£
Profit for the year
360
-
0
Other comprehensive income
-
-
Total comprehensive income for the year
360
-
0
EDIPHY ANALYTICS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 11 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
8
216,146
1
Cash at bank and in hand
277,054
-
0
493,200
1
Creditors: amounts falling due within one year
9
(492,839)
-
0
Net current assets
361
1
Capital and reserves
Called up share capital
11
1
1
Profit and loss reserves
360
-
0
Total equity
361
1
The financial statements were approved by the board of directors and authorised for issue on 19 March 2025 and are signed on its behalf by:
C D Murphy
Director
Company registration number 12490793 (England and Wales)
EDIPHY ANALYTICS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2022
1
-
0
1
Year ended 31 March 2023:
Profit and total comprehensive income
-
-
0
-
0
Balance at 31 March 2023
1
-
0
1
Year ended 31 March 2024:
Profit and total comprehensive income
-
360
360
Balance at 31 March 2024
1
360
361
EDIPHY ANALYTICS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
15
277,054
-
0
Net increase in cash and cash equivalents
277,054
-
0
Cash and cash equivalents at beginning of year
-
0
-
0
Cash and cash equivalents at end of year
277,054
-
0
EDIPHY ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
1
Accounting policies
Company information

Ediphy Analytics Limited is a private company limited by shares incorporated in England and Wales. The registered office is .

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below:-

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

EDIPHY ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 15 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

EDIPHY ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 16 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.The directors do not consider there to be any critical judgements or key sources of estimation uncertainty involved in the preparation of the company's financial statements.

3
Turnover
2024
2023
£
£
Turnover analysed by class of business
Revenue
666,456
-
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
666,456
-
4
Operating profit
2024
2023
Operating profit for the year is stated after charging:
£
£
Exchange losses
1,801
-
0
EDIPHY ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
5
Auditor's remuneration

The fees payable to the company's auditor for the audit of the company's annual accounts have been charged to group company, Ediphy Research Ltd.

 

6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Management and operation teams
2
2
7
Taxation

The actual charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
360
-
0
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2023: 19.00%)
68
-
0
Group relief
(68)
-
0
Taxation charge for the year
-
-
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
214,495
-
0
Unpaid share capital
1
1
Other debtors
1,650
-
0
216,146
1
EDIPHY ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
9
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
157,788
-
0
Accruals and deferred income
335,051
-
0
492,839
-
0
10
Financial instruments
2024
2023
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
214,496
1
Carrying amount of financial liabilities
Measured at amortised cost
492,839
-
11
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary Share Capital of £1 each
1
1
1
1

Full rights to receive notice of, attend and vote at general meetings. One share carries one vote and full rights to dividends and capital distributions (including upon winding up).

12
Events after the reporting date

There are no events to report.

13
Related party transactions

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.

14
Ultimate controlling party

The parent entity is Ediphy Group Limited a company registered in England and Wales.

The ultimate controlling party is Mr C Murphy by virtue of owning majority of the parent company's issued share capital.

EDIPHY ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
15
Cash generated from/(absorbed by) operations
2024
2023
£
£
Profit for the year after tax
360
-
0
Movements in working capital:
Increase in debtors
(216,145)
-
0
Increase in creditors
492,839
-
0
Cash generated from/(absorbed by) operations
277,054
-
16
Analysis of changes in net funds
1 April 2023
Cash flows
31 March 2024
£
£
£
Cash at bank and in hand
-
277,054
277,054
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