Endless Gain Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Endless Gain Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09672247 . The registered office is C/O Columbus Global UK Ltd, 5th Floor Rotunda Cubo, Standard Court, Park Row, Nottingham, NG1 6GN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity

2.2. Going Concern Disclosure

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources and support from its parent company to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from information technology services

Revenue from the information technology services is recognised when the service has been performed; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Fixtures & Fittings	20% to 33% straight line

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

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Endless Gain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.10. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 14)

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Endless Gain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	17,452
Disposals	(17,452 )

As at 31 December 2024	-

Depreciation
As at 1 January 2024	15,029
Disposals	(15,029 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	2,423

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	217,574
Other debtors	-	31,446

	-	249,020

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	391,910	27,650
Other creditors	1,919	82,785
Taxation and social security	47,861	150,924

	441,690	261,359

7. Post Balance Sheet Events

There are no post balance sheet events which require disclosure at the balance sheet date.

8. Related Party Transactions

There are no related party transactions which require disclosure under FRS 102 Section 1A

9. Ultimate Parent Undertaking and Controlling Party

In the opinion of the directors, the Company's ultimate parent Company and ultimate controlling party is Columbus A/S, a Company incorporated in Denmark. The parent undertaking of the smallest and largest group, which includes the Company and for which group accounts are prepared, is Columbus A/S a Company incorporated and registered in Denmark, Lautrupvang 6, DK-2750, Ballerup, Denmark. Copies of the group financial statements of Columbus A/S are available from the above address.

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Endless Gain Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Audit Information

The auditor's report on the accounts of Endless Gain Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Nathaniel Davidson BA(Hons) ACA (Senior Statutory Auditor) for and on behalf of Lopian Gross Barnett & Co , Statutory Auditor.

Lopian Gross Barnett & Co

1st Floor , Cloister House

Riverside

New Bailey Street

Manchester

M3 5FS

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		2,423

			-		2,423
CURRENT ASSETS
Debtors	5	-		249,020
Cash at bank and in hand		934,958		365,959

		934,958		614,979
Creditors: Amounts Falling Due Within One Year	6	(441,690 )		(261,359 )

NET CURRENT ASSETS (LIABILITIES)			493,268		353,620

TOTAL ASSETS LESS CURRENT LIABILITIES			493,268		356,043

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(606 )

NET ASSETS			493,268		355,437

CAPITAL AND RESERVES
Called up share capital			110		110
Share premium account			17,198		17,198
Profit and Loss Account			475,960		338,129

SHAREHOLDERS' FUNDS			493,268		355,437