0 0 Ecliptic Limited Company 04204556 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of agent of professional athletes and entertainers. The company manages intellectual property rights and publicity rights. Ecliptic provides marketing services including the management of advertising spaces at sports and entertainment events. It also provides administrative services in the field of motor sports Digita Accounts Production Advanced 6.30.9574.0 true false 04204556 2024-01-01 2024-12-31 04204556 2024-12-31 04204556 bus:OrdinaryShareClass1 2024-12-31 04204556 core:CurrentFinancialInstruments 2024-12-31 04204556 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04204556 bus:SmallEntities 2024-01-01 2024-12-31 04204556 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04204556 bus:FilletedAccounts 2024-01-01 2024-12-31 04204556 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04204556 bus:RegisteredOffice 2024-01-01 2024-12-31 04204556 bus:Director1 2024-01-01 2024-12-31 04204556 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04204556 bus:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2024-01-01 2024-12-31 04204556 core:ParentEntities 2024-01-01 2024-12-31 04204556 1 2024-01-01 2024-12-31 04204556 countries:EnglandWales 2024-01-01 2024-12-31 04204556 2023-01-01 2023-12-31 04204556 2023-12-31 04204556 bus:OrdinaryShareClass1 2023-12-31 04204556 core:CurrentFinancialInstruments 2023-12-31 04204556 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 04204556

Ecliptic Limited Company
Previously known as "Ecliptic PLC Limited"

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Ecliptic Limited Company

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Ecliptic Limited Company

(Registration number: 04204556)
Abridged Balance Sheet as at 31 December 2024

Note

2024

2023

Current assets

 

Debtors

41,560

216,086

Cash at bank and in hand

 

436,767

34,971

 

478,327

251,057

Prepayments and accrued income

 

470

-

Creditors: Amounts falling due within one year

(55,778)

(61,226)

Total assets less current liabilities

 

423,019

189,831

Accruals and deferred income

 

(361,799)

(588,526)

Net assets/(liabilities)

 

61,220

(398,695)

Capital and reserves

 

Called up share capital

4

58,370

58,370

Retained earnings

2,850

(457,065)

Shareholders' funds/(deficit)

 

61,220

(398,695)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 May 2025 and signed on its behalf by:
 

.........................................
Mr Nicholas Richard Hogan
Director

 

Ecliptic Limited Company

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a public company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

These financial statements were authorised for issue by the Board on 12 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ecliptic Limited Company

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

No.

Ordinary shares of €1.17 each

50,000

58,370

50,000

58,370

       

5

Related party transactions

Summary of transactions with parent

Societé Civile Particuliere Magna The company received loans from its parent company, The loan closing balance as at 31/12/2023 was €55,777.84 (2023: €61,225.76).

 

Ecliptic Limited Company

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

6

Parent and ultimate parent undertaking

The company's immediate parent is Societé Civile Particuliere Magna, incorporated in Monaco.

 The ultimate controlling party is Massimiliano Angelelli.