Financial Statements
For the year ended 31 December 2024
Registered number: 05919298
Company Information
Contents
Statement of financial position
As at 31 December 2024
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2025.
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Notes to the financial statements
For the year ended 31 December 2024
It is the intention of the directors is to dissolve the Company within the foreseeable future. Accordingly, these financial statements have been prepared on a wind-basis of accounting.
The address of the Company's registered office is 2nd Floor, Worship Street, London, United Kingdom, EC2A 2DT.
The address of the Company's registered office is 2nd Floor, Worship Street, London, United Kingdom, EC2A 2DT.
2.Accounting policies
The following principal accounting policies have been applied:
The financial statements have been prepared on a basis other than going concern, which is described as the break-up basis. which requires the carrying value of the assets to be at the amounts they are expected to realise and liabilities include any amounts which have crystallised as a result of the decision to wind up the company.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Page 2
Notes to the financial statements
For the year ended 31 December 2024
2.Accounting policies (continued)
Investments in non-derivative instruments that are equity to the issuer are measured:
∙at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
∙at cost less impairment for all other investments.
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 amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
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 reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.
Page 3
Notes to the financial statements
For the year ended 31 December 2024
Consolidated accounts are prepared by has and publicly available at the Companies Registration Office, Dublin 1, Ireland. This is both the smallest and largest company to prepare consolidated financial statements.
The Company's ultimate controlling party is
The audit report was signed on 21 May 2025 by Cathal Kelly (Senior statutory auditor) on behalf of Grant Thornton .
Page 4