IRIS Accounts Production v25.2.0.378 04857152 director 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048571522023-12-31048571522024-12-31048571522024-01-012024-12-31048571522022-12-31048571522023-01-012023-12-31048571522023-12-3104857152ns15:EnglandWales2024-01-012024-12-3104857152ns14:PoundSterling2024-01-012024-12-3104857152ns10:Director12024-01-012024-12-3104857152ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104857152ns10:SmallEntities2024-01-012024-12-3104857152ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3104857152ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104857152ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104857152ns10:FullAccounts2024-01-012024-12-3104857152ns10:OrdinaryShareClass12024-01-012024-12-3104857152ns10:CompanySecretary12024-01-012024-12-3104857152ns10:RegisteredOffice2024-01-012024-12-3104857152ns5:CurrentFinancialInstruments2024-12-3104857152ns5:CurrentFinancialInstruments2023-12-3104857152ns5:ShareCapital2024-12-3104857152ns5:ShareCapital2023-12-3104857152ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3104857152ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3104857152ns5:RetainedEarningsAccumulatedLosses2024-12-3104857152ns5:RetainedEarningsAccumulatedLosses2023-12-3104857152ns5:FurnitureFittings2024-01-012024-12-3104857152ns5:MotorVehicles2024-01-012024-12-3104857152ns5:FurnitureFittings2023-12-3104857152ns5:MotorVehicles2023-12-3104857152ns5:FurnitureFittings2024-12-3104857152ns5:MotorVehicles2024-12-3104857152ns5:FurnitureFittings2023-12-3104857152ns5:MotorVehicles2023-12-3104857152ns5:CostValuation2023-12-3104857152ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-12-3104857152ns5:RevaluationsIncreaseDecreaseInInvestments2024-12-3104857152ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-12-3104857152ns5:CostValuation2024-12-3104857152ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-12-3104857152ns5:UnlistedNon-exchangeTraded2024-12-3104857152ns5:UnlistedNon-exchangeTraded2023-12-3104857152ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 04857152 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

European Soft Touch Limited

European Soft Touch Limited (Registered number: 04857152)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


European Soft Touch Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: R Kjellerup





SECRETARY: Camamile Limited





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 04857152 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
European Soft Touch Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of European Soft Touch Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of European Soft Touch Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of European Soft Touch Limited and state those matters that we have agreed to state to the director of European Soft Touch Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than European Soft Touch Limited and its director for our work or for this report.

It is your duty to ensure that European Soft Touch Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of European Soft Touch Limited. You consider that European Soft Touch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of European Soft Touch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


29 August 2025

European Soft Touch Limited (Registered number: 04857152)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,932 46,249
Investments 5 5,262,041 4,551,544
5,321,973 4,597,793

CURRENT ASSETS
Debtors 6 686,650 570,583
Investments 7 31,413 -
Cash at bank 329,882 42,071
1,047,945 612,654
CREDITORS
Amounts falling due within one year 8 365,806 65,497
NET CURRENT ASSETS 682,139 547,157
TOTAL ASSETS LESS CURRENT LIABILITIES 6,004,112 5,144,950

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings - undistributable 5,262,011 4,551,514
Retained earnings 742,100 593,435
SHAREHOLDERS' FUNDS 6,004,112 5,144,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





R Kjellerup - Director


European Soft Touch Limited (Registered number: 04857152)

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

1. STATUTORY INFORMATION

European Soft Touch Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - Straight line over 10 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value and recognised in the profit and loss.Where the subsidiary has net liabilities, fair value is recognised until the asset is reduced to Nil, and any excess is included as impairment loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

European Soft Touch Limited (Registered number: 04857152)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 - 50,907 50,907
Additions 4,440 16,913 21,353
At 31 December 2024 4,440 67,820 72,260
DEPRECIATION
At 1 January 2024 - 4,658 4,658
Charge for year 888 6,782 7,670
At 31 December 2024 888 11,440 12,328
NET BOOK VALUE
At 31 December 2024 3,552 56,380 59,932
At 31 December 2023 - 46,249 46,249

5. FIXED ASSET INVESTMENTS
Shares in Shares in
associated subsidiary
undertakings undertakings Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 4,531,644 19,900 4,551,544
Fair value adjustments 730,397 (19,900 ) 710,497
At 31 December 2024 5,262,041 - 5,262,041
NET BOOK VALUE
At 31 December 2024 5,262,041 - 5,262,041
At 31 December 2023 4,531,644 19,900 4,551,544

Cost or valuation at 31 December 2024 is represented by:

Shares in Shares in
associated subsidiary
undertakings undertakings Totals
£    £    £   
Valuation in 2015 2,170,827 (383,791 ) 1,787,036
Valuation in 2016 374,637 (26,614 ) 348,023
Valuation in 2017 (284,980 ) (44,681 ) (329,661 )
Valuation in 2018 426,240 (27,909 ) 398,331
Valuation in 2019 253,229 19,226 272,455
Valuation in 2020 313,089 6,885 319,974
Valuation in 2021 (7,936 ) (26,172 ) (34,108 )
Valuation in 2022 890,873 (10,366 ) 880,507
Valuation in 2023 395,635 (21,052 ) 374,583
Valuation in 2024 730,397 (19,900 ) 710,497
Cost 30 534,374 534,404
5,262,041 - 5,262,041

European Soft Touch Limited (Registered number: 04857152)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 686,650 570,583

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 31,413 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 356,659 6,590
Directors' current accounts 7,227 57,227
Accrued expenses 1,920 1,680
365,806 65,497

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1