E.O.S. Property Management Limited 09160778 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is consultancy and equine investment Digita Accounts Production Advanced 6.30.9574.0 true false true 09160778 2024-01-01 2024-12-31 09160778 2024-12-31 09160778 core:RetainedEarningsAccumulatedLosses 2024-12-31 09160778 core:ShareCapital 2024-12-31 09160778 core:CurrentFinancialInstruments 2024-12-31 09160778 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09160778 core:OtherPropertyPlantEquipment 2024-12-31 09160778 bus:SmallEntities 2024-01-01 2024-12-31 09160778 bus:Audited 2024-01-01 2024-12-31 09160778 bus:FullAccounts 2024-01-01 2024-12-31 09160778 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09160778 bus:RegisteredOffice 2024-01-01 2024-12-31 09160778 bus:Director5 2024-01-01 2024-12-31 09160778 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09160778 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 09160778 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-01 2024-12-31 09160778 core:OtherRelatedParties 2024-01-01 2024-12-31 09160778 1 2024-01-01 2024-12-31 09160778 countries:EnglandWales 2024-01-01 2024-12-31 09160778 2023-01-01 2023-12-31 09160778 2023-12-31 09160778 core:RetainedEarningsAccumulatedLosses 2023-12-31 09160778 core:ShareCapital 2023-12-31 09160778 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Company registration number: 09160778

E.O.S. Property Management Limited

Filleted Annual Report and Financial Statements

for the Year Ended 31 December 2024

 

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

(Registration number: 09160778)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment assets

4

2,359,076

-

Current assets

 

Debtors

5

440,180

953,495

Cash at bank and in hand

 

1,148,900

375,668

 

1,589,080

1,329,163

Creditors: Amounts falling due within one year

6

(1,865,499)

(1,868)

Net current (liabilities)/assets

 

(276,419)

1,327,295

Net assets

 

2,082,657

1,327,295

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

2,082,557

1,327,195

Total equity

 

2,082,657

1,327,295

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 17 July 2025 and signed on its behalf by:
 


L H Hannaford
Director

   
 

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

1

General information

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

The address of its registered office is:
Central Chambers
(Morgans Solicitors)
Lion Street
Abergavenny
Monmouthshire
NP7 5PE

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

These financial statements are presented in Sterling (£).

Going concern

Included in creditors due in 1 year there is a £1,678,488 relating to intergroup balances, management have confirmed that these will not be repaid untill the company has the appropriate funds to do so. Therefore the accounts have been prepared on a going concern basis.

Turnover recognition

Turnover represents amounts chargeable, net of value added tax paid, in respect of consultancy services.

Turnover from equine leases is recognised on the accruals basis in line with the relevant agreements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

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

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment assets

The equine investment assets relate to investments made by the company in racehorses. The assets are initially recognised at cost, including any directly attributable incremental costs incurred in their acquisition. The assets are then revalued annually to ensure the assets are recognised at their fair value as at the balance sheet date. Any change in value is recognised within 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.

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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other creditors 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 and other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Amounts owed to and from group undertakings

Amounts owed to and from group undertakings are initially measured at the transaction price. Receivable balances are reviewed periodically for impairment.

They are 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.

 

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 1 (2023 - 1).

4

Investment assets

Equine assets
£

Total
£

Cost or valuation

Additions

2,787,232

2,787,232

Disposals

(428,156)

(428,156)

At 31 December 2024

2,359,076

2,359,076

Carrying amount

At 31 December 2024

2,359,076

2,359,076

5

Debtors

Current

2024
£

2023
£

Trade debtors

139,837

-

Amounts owed by group undertakings and undertakings in which the company has a participating interest

174,871

934,868

Prepayments

1,106

444

Other debtors

124,366

18,183

 

440,180

953,495

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,400

1,250

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,678,488

252

Corporation tax

176,266

-

Other creditors

9,345

366

1,865,499

1,868

 

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

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

The company has taken the exemption in Section 33 of FRS102 not to disclose transactions entered into between its fellow group members.
 

Summary of transactions with other related parties

During the year the company received £33,877 (2023 - £Nil) for the rental of racehorses from a company considered to be connected.
 

8

Parent and ultimate parent undertaking

The company's immediate parent is E.O.S. S.p.A., incorporated in Italy.

 

9

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 25 July 2025 was Christopher Walford ACA, who signed for and on behalf of Albert Goodman LLP.