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14982013
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COMPANY REGISTRATION NUMBER:
14982013
Eliza Investments Limited |
|
Filleted Unaudited Financial Statements |
|
Eliza Investments Limited |
|
Year ended 31 December 2024
Report to the director on the preparation of the unaudited statutory financial statements |
2 |
|
|
Statement of financial position |
3 |
|
|
Notes to the financial statements |
4 |
|
|
Eliza Investments Limited |
|
Year ended 31 December 2024
The director presents his report and the unaudited financial statements of the company for the year ended
31 December 2024
.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
14 March 2025
and signed on behalf of the board by:
Registered office: |
1-2 Bedford Square |
London |
WC1B 3RB |
|
Eliza Investments Limited |
|
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Eliza Investments Limited |
|
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eliza Investments Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
BAILHACHE LINTON LLP
Accountants
Bourne House
475 Godstone Road
Whyteleafe
Surrey
CR3 0BL
14 March 2025
Eliza Investments Limited |
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
Current assets
Debtors |
5 |
2,035,814 |
3,000,000 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
137,650 |
3,001,849 |
|
------------ |
------------ |
Net current assets/(liabilities) |
1,898,164 |
(
1,849) |
|
------------ |
------- |
Total assets less current liabilities |
1,898,264 |
(
1,749) |
|
------------ |
------- |
Net assets/(liabilities) |
1,898,264 |
(
1,749) |
|
------------ |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
7 |
1 |
1 |
Profit and loss account |
1,898,263 |
(
1,750) |
|
------------ |
------- |
Shareholder funds/(deficit) |
1,898,264 |
(
1,749) |
|
------------ |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
14 March 2025
, and are signed on behalf of the board by:
Company registration number:
14982013
Eliza Investments Limited |
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1-2 Bedford Square, London, WC1B 3RB.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Shares in joint venture entities |
|
£ |
Cost |
|
At 1 January 2024 and 31 December 2024 |
100 |
|
---- |
Impairment |
|
At 1 January 2024 and 31 December 2024 |
– |
|
---- |
|
|
Carrying amount |
|
At 31 December 2024 |
100 |
|
---- |
At 31 December 2023 |
100 |
|
---- |
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,730,358 |
3,000,000 |
Other debtors |
305,456 |
– |
|
------------ |
------------ |
|
2,035,814 |
3,000,000 |
|
------------ |
------------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
600 |
– |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
3,000,099 |
Social security and other taxes |
134,300 |
– |
Other creditors |
2,750 |
1,750 |
|
--------- |
------------ |
|
137,650 |
3,001,849 |
|
--------- |
------------ |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
Joint ventures
As at 31 December 2024 the company held a 50% interest of A Ordinary Shares in Eliza Productions Limited, whose registered office is in the UK.
9.
Related party transactions
Eliza Investments Limited
owns 50% of Eliza Productions Limited. Eliza Productions Limited
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Balance at start of the period |
3,000,000 |
– |
|
Loans received |
– |
3,000,000 |
|
Loans repaid |
(3,000,000) |
– |
|
Royalties, fees and recharged costs |
2,940,058 |
– |
|
Royalties, fees and recharged costs repaid during the period |
(1,209,700) |
– |
|
|
------------ |
------------ |
|
Balance at period end due from Eliza Productions Limited |
1,730,358 |
3,000,000 |
|
|
------------ |
------------ |
|
|
|
|
10.
Controlling party
The immediate parent company is Hamilton UK Tour LLC, a company registered in the USA, by virtue of its ownership of 100% of the issued share capital of the company.