Eveagency Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03534899

Eveagency Limited

Filleted Unaudited Financial Statements

31 December 2024

Eveagency Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	€	€	€

Fixed assets

Investments	5		4,815,000	4,815,000

Current assets

Debtors	6	699,740	706,927
Investments	7	152,055	408,589
Cash at bank and in hand		1,019	8,885
		---------	-----------
		852,814	1,124,401

Creditors: amounts falling due within one year	8	4,627,542		4,899,325
		-----------		-----------
Net current liabilities			3,774,728	3,774,924
			-----------	-----------
Total assets less current liabilities			1,040,272	1,040,076

Creditors: amounts falling due after more than one year	9	104,814	96,212
		-----------	-----------
Net assets		935,458	943,864
		-----------	-----------

Capital and reserves

Called up share capital	10	814,000	814,000
Profit and loss account		121,458	129,864
		---------	---------
Shareholder funds		935,458	943,864
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Eveagency Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

J F Iglesias
Director

Company registration number: 03534899

Eveagency Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Mathews House, Haugh Lane, Hexham, Northumberland, NE46 3PU, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in euros, which is the functional currency of the entity, rounded to the nearest €1.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

These financial statements are presented in euros. The rate of exchange used to translate sterling balances into euros at 31 December 2024 was £0.83 = €1 (2023: £0.87 = €1). Assets and liabilities in non-euro currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in non-euro currencies are translated into euros at the rate of exchange ruling at the date of the transaction. Exchange differences in respect of transactions are taken into account in arriving at the operating profit. Equity shares denominated in sterling are translated into euros at the rate of exchange on the date of issue.

Investments

Fixed asset investments and unlisted current asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Current asset investments comprising listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Staff numbers

The average number of persons employed by the company during the year, including the director, amounted to 1 (2023: 1).

5. Investments

	Shares in group undertakings
	€
Cost
At 1 January 2024 and 31 December 2024	5,403,705
	-----------
Impairment
At 1 January 2024 and 31 December 2024	588,705
	-----------

Carrying amount
At 31 December 2024	4,815,000
	-----------
At 31 December 2023	4,815,000
	-----------

6. Debtors

	2024	2023
	€	€
Amounts owed by group undertakings and undertakings in which the company has a participating interest	699,740	699,740
Other debtors	–	7,187
	---------	---------
	699,740	706,927
	---------	---------

7. Investments

	2024	2023
	€	€
Investments	152,055	408,589
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	€	€
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,617,570	4,887,001
Other creditors	9,972	12,324
	-----------	-----------
	4,627,542	4,899,325
	-----------	-----------

Amounts owed to group undertakings totalling €4,617,570 (2023: €4,887,000) are secured by a fixed and floating charge over the assets of the company.

9. Creditors: amounts falling due after more than one year

	2024	2023
	€	€
Other creditors	104,814	96,212
	---------	-------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	€	No.	€
Ordinary shares of € 1.628 each	500,000	814,000	500,000	814,000
	---------	---------	---------	---------

The share capital is 500,000 ordinary shares of £1 each translated into euros at the rate of exchange on the date of issue.