2023-11-282024-12-312024-12-31false15314168ETERNAL LIVES 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ETERNAL LIVES LTD

Registered Number
15314168
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

ETERNAL LIVES LTD
Company Information
for the period from 28 November 2023 to 31 December 2024

Director

Rutger Govert Bruining

Registered Address

Office 4.02 133 Whitechapel High Street
London
E1 7QA

Registered Number

15314168 (England and Wales)
ETERNAL LIVES LTD
Balance Sheet as at
31 December 2024

Notes

2024

£

£

Fixed assets
Intangible assets32
Investments53,813
3,815
Current assets
Debtors849,396
Cash at bank and on hand115,890
965,286
Creditors amounts falling due within one year6(375,737)
Net current assets (liabilities)589,549
Total assets less current liabilities593,364
Creditors amounts falling due after one year7(120,000)
Provisions for liabilities8(134,227)
Net assets339,137
Capital and reserves
Called up share capital400
Share premium599,700
Other reserves2,734
Profit and loss account(263,697)
Shareholders' funds339,137
The financial statements were approved and authorised for issue by the Director on 28 August 2025, and are signed on its behalf by:
Rutger Govert Bruining
Director
Registered Company No. 15314168
ETERNAL LIVES LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Functional and presentation currency
The accounts are presented in £ sterling.
Going concern
The Financial Statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future. Having made appropriate enquiries, considered reasonable scenarios for repayment of the company's liabilities and reviewed the company’s forecasts, the director has a reasonable expectation that the company can continue in operation while working towards profitability funded by existing working capital and cash flows for at least 12 months from the date of signing these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on the Going Concern Basis.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Share-based payments
The Company reflects the economic cost of awarding share options to employees in it's subsidiary companies by recording an expense in the Profit and Loss Account equal to the estimated fair value of the benefit awarded at the time of the award. The expense is recognised as an increase in the investment in the subsidiary company and are reflected in reserves as the options are equity settled.
Foreign currency translation
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating profit.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments
Acquisitions of subsidiaries and businesses are accounted for using the purchase method. The cost of the business combination is measured at the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquiree, plus costs directly attributable to the business combination. Any excess of the cost of the business combination over the Group’s interest in the net fair value of the identifiable assets and liabilities is recognised as goodwill (see note 4). For the purpose of impairment testing, the goodwill acquired in a business combination is allocated, on acquisition date, to the cash- generating units that are expected to benefit from the synergies of the combination.
2.Average number of employees

2024
Average number of employees during the year1
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions22
At 31 December 2422
Net book value
At 31 December 2422
At 27 November 23--
4.Tangible fixed assets
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions3,8133,813
At 31 December 243,8133,813
Net book value
At 31 December 243,8133,813

Notes

1Investments in group undertakings and participating interests
6.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables6,909
Other creditors203,833
Accrued liabilities and deferred income164,995
Total375,737
7.Creditors: amounts due after one year

2024

£
Other creditors120,000
Total120,000
8.Provisions for liabilities

2024

£
Other provisions134,227
Total134,227
9.Related party transactions
On 15th December 2023 Eternal Lives Ltd acquired the trade and assets of Story Terrace Ltd, a related party at that date. The acquisition was accounted for using the purchase method. The purchase price of £275,000 related to the purchase of equipment, intellectual property rights, debts, marketing literature, records, stock, shares in Story Terrace Inc and work in progress. At the balance sheet date £75,000 of the total consideration has been paid. £80,000 falls due within 12 months and £120,000 falls due after more than 12 months
10.Further information regarding the company's financial position
Share-based payments: The company operates an equity-settled share-based payment scheme. The scheme has been provided to certain employees, contractors and advisors in the Company's subsidiary. No options were granted over ordinary shares in the company during the year. The vesting period is 4 years whereby two thirds of the share vest over the 4 year period with one third vesting upon achieving a hurdle price of £2 during an exit event. As at 31 December 2024, 13,669 options had vested. As disclosed in the accounting policy notes the fair value of any vested share options are reflected as an increase in value of the investment in the subsidiary. The charge for the year is £2,734 which is recognised at the Balance Sheet date in reserves.