| Registered number |
| For the period 20 November 2023 to |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2024 | ||||||
| £ | |||||||
| Current assets | |||||||
| Debtors | 4 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
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| Net current liabilities | ( |
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| Net liabilities | ( |
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| Capital and reserves | |||||||
| Called up share capital | |||||||
| Profit and loss account | ( |
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| Shareholder's funds | ( |
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| Herve Jean Sonneville | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the period from 20 November 2023 to |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
The presentation currency of the financial statements is the Pound Sterling (£). |
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| Going concern | ||||||||
| The company is reliant on its parent company for funds to support its working capital. The parent company have pledged continued support for the company for at least 12 months from the date of the approval of these financial statements. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payments. As with any company placing reliance on other related parties for financial support, that there are no certainty that this support will continue although at the date of approval of these financial statements, there is no reason to believe that they will not do so. On this basis, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. |
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| Turnover | ||||||||
| Debtors | ||||||||
| Creditors | ||||||||
| Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| Provisions | ||||||||
| Foreign currency translation | ||||||||
| 2 | Audit information | |||||||
| Senior statutory auditor: | ||||||||
| Firm: | ||||||||
| Date of audit report: | ||||||||
| 3 | Employees | 2024 | ||||||
| Number | ||||||||
| Average number of persons employed by the company | ||||||||
| 4 | Debtors | 2024 | ||||||
| £ | ||||||||
| Other debtors | ||||||||
| 5 | Creditors: amounts falling due within one year | 2024 | ||||||
| £ | ||||||||
| Trade creditors | ||||||||
| Amounts owed to group undertakings | ||||||||
| Taxation and social security costs | ||||||||
| Other creditors | ||||||||
| 6 | Other financial commitments | 2024 | ||||||
| £ | ||||||||
| Total future minimum payments under non-cancellable operating leases | ||||||||
| 7 | Related party transactions | |||||||
| 8 | Controlling party | |||||||
| 9 | Other information | |||||||
| E-Totem UK Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: | ||||||||
| 167-169 Great Portland Street | ||||||||
| 5th Floor, London | ||||||||
| Greater London | ||||||||
| W1W 5PF | ||||||||