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Registered number: 09095927
Edenred Capital Partners Limited
Financial Statements
For The Year Ended 31 December 2024
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09095927
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,855 7,806
Investments 5 - 8,799
5,855 16,605
CURRENT ASSETS
Debtors 6 54,692 50,851
Cash at bank and in hand 1,642,969 1,304,895
1,697,661 1,355,746
Creditors: Amounts Falling Due Within One Year 7 (882,491 ) (619,901 )
NET CURRENT ASSETS (LIABILITIES) 815,170 735,845
TOTAL ASSETS LESS CURRENT LIABILITIES 821,025 752,450
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,112 ) (1,483 )
NET ASSETS 819,913 750,967
CAPITAL AND RESERVES
Called up share capital 8 5,051 5,051
Profit and Loss Account 814,862 745,916
SHAREHOLDERS' FUNDS 819,913 750,967
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Norbert George Louis Furnion
Director
27/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Edenred Capital Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09095927 . The registered office is Unit 17, 25 Orbital Business Park, Dwight Road, Watford, WD18 9DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% or reducing balance
2.4. Financial Instruments
Basic Financial instruments are measured at amortized cost.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 826 12,779 13,605
As at 31 December 2024 826 12,779 13,605
Depreciation
As at 1 January 2024 565 5,234 5,799
Provided during the period 65 1,886 1,951
As at 31 December 2024 630 7,120 7,750
Net Book Value
As at 31 December 2024 196 5,659 5,855
As at 1 January 2024 261 7,545 7,806
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5. Investments
Unlisted
£
Cost
As at 1 January 2024 8,799
Disposals (8,799 )
As at 31 December 2024 -
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 8,799
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 54,692 50,851
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,514 30,200
Other creditors 785,796 510,317
Taxation and social security 81,181 79,384
882,491 619,901
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50,510 Ordinary A shares of £ 0.01 each 505 505
454,590 Ordinary B shares of £ 0.01 each 4,546 4,546
5,051 5,051
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9. Related Party Transactions
During the year Larvin Capital Ltd charged a fee of £210,000 (2023: £200,000) for professional services to Edenred Capital Partners Ltd. Larvin capital Ltd held 50% Class A & Class B shares.
Edenred Capital Partners Ltd also received services from Alvand Consulting, which is a 100% subsidiary of Larvin Capital Limited, total value for the year was £125,392 (2023: £93,004).
At the end of year, the Company has no balance with Larvin Capital Limited (2023: Nil) but due £6,612 to Alvand Consulting (2023: Nil).
10. Controlling Party
No one party owns more than 50% of the share capital for this reason there is no controlling party.
11. Audit Information
The auditor's report on the accounts of Edenred Capital Partners Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Siraj Muhammad FCCA (Senior Statutory Auditor) for and on behalf of HSY Accountants Ltd , Statutory Auditor.
HSY Accountants Ltd
Chartered Certified Accountants &
Statutory Auditors
20 Tadworth Parade, Elm Park
Essex
RM12 5AS
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