Euler Holdings Limited
Company Registration No. 12269025 (England And Wales)
Unaudited Financial Statements
Year Ended 31 March 2025
EULER HOLDINGS LIMITED
Euler Holdings Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EULER HOLDINGS LIMITED
Euler Holdings Limited
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
6,775,459
6,775,459
Current assets
Cash at bank and in hand
18,357
1,612
Creditors: amounts falling due within one year
4
(2,027,848)
(2,799,484)
Net current liabilities
(2,009,491)
(2,797,872)
Total assets less current liabilities
4,765,968
3,977,587
Creditors: amounts falling due after more than one year
5
(905,270)
-
0
Net assets
3,860,698
3,977,587
Capital and reserves
Called up share capital
20,000
22,500
Share premium account
588,000
661,500
Capital redemption reserve
2,500
-
0
Profit and loss reserves
3,250,198
3,293,587
Total equity
3,860,698
3,977,587

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

EULER HOLDINGS LIMITED
Euler Holdings Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 June 2025 and are signed on its behalf by:
R Jones
Director
Company registration number 12269025 (England and Wales)
EULER HOLDINGS LIMITED
Euler Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Euler Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Gateway, 89 Sankey Street, Warrington, Cheshire, WA1 1SR.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

EULER HOLDINGS LIMITED
Euler Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ 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 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. Financial assets classified as receivable within one year are not amortised.

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 and other creditors, are initially recognised at transaction price, 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.

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 costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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.

1.8
Share-based payments
EULER HOLDINGS LIMITED
Euler Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

2
Employees

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

2025
2024
Number
Number
Total
5
6
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
6,775,459
6,775,459
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
325,000
-
0
Amounts owed to group undertakings
440,572
313,813
Other creditors
1,232,192
2,456,471
Accruals and deferred income
30,084
29,200
2,027,848
2,799,484
EULER HOLDINGS LIMITED
Euler Holdings Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
905,270
-
0

 

6
Share-based payment transactions

On 14 September 2023 an EMI tax approved scheme involving 2 employees of the subsidiary company, Euler DataOps & Analytics Ltd, with options over 875 £1 Ordinary shares was set up. All options expire 10 years after the grant date.

 

The options are exercisable on a qualifying exit, as set out by the scheme rules.

Number of share options
Weighted average exercise price
2025
2024
2025
2024
Number
Number
£
£
Outstanding at 1 April 2024
875
125
15.79
10.95
Granted
-
0
875
-
0
15.79
Expired
-
0
(125)
0
-
0
10.95
Outstanding at 31 March 2025
875
875
15.79
15.79
Exercisable at 31 March 2025
-
0
-
0
-
0
-
0
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