Registration number:
EISER Infrastructure Limited
for the Year Ended 31 December 2024
EISER Infrastructure Limited
Contents
|
Company Information |
|
|
Director's Report |
|
|
Accountants' Report |
|
|
Statement of Comprehensive Income |
|
|
Statement of Financial Position |
|
|
Statement of Changes in Equity |
|
|
Notes to the Unaudited Financial Statements |
EISER Infrastructure Limited
Company Information
|
Director |
Mr HRW Meissner |
|
Registered office |
|
|
Solicitors |
|
|
Accountants |
|
EISER Infrastructure Limited
Director's Report for the Year Ended 31 December 2024
The director presents his report and the financial statements for the year ended 31 December 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is to act as the General Partner to EISER Global Infrastructure Fund ("Fund I")
The principal activity of Fund I is to make equity related investments in infrastructure assets, predominantly in
OECD countries, as defined in the Limited Partnership Agreements (the “LPAs”). The operations of these
entities are governed by their respective LPAs and by the Inter-Vehicle Agreement. Under the Inter-Vehicle
Agreement, each of the Partnerships agree to invest on the same terms and conditions in all portfolio companies,
businesses or entities in which any of them invest and also to divest at the same time and on the same terms or in
the same proportionate part of any companies, businesses or entities.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
|
......................................... |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
EISER Infrastructure Limited
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EISER Infrastructure Limited for the year ended 31 December 2024 as set out on pages 4 to 10 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of EISER Infrastructure Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of EISER Infrastructure Limited and state those matters that we have agreed to state to the Board of Directors of EISER Infrastructure Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EISER Infrastructure Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that EISER Infrastructure Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of EISER Infrastructure Limited. You consider that EISER Infrastructure 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 accounts of EISER Infrastructure 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 accounts.
......................................
Chartered Accountants
Edgware
Middlesex
HA8 7AB
EISER Infrastructure Limited
Statement of Comprehensive Income for the Year Ended 31 December 2024
|
Note |
2024 |
2023 |
|
|
Turnover |
- |
- |
|
|
Administrative expenses |
|
- |
|
|
Operating profit |
|
- |
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
Profit before tax |
|
|
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
EISER Infrastructure Limited
(Registration number: 05375885)
Statement of Financial Position as at 31 December 2024
|
Note |
2024 |
2023 |
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
8,823 |
8,823 |
|
|
Retained earnings |
243,363 |
22,841 |
|
|
Shareholders' funds |
252,186 |
31,664 |
For the financial 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
|
......................................... |
EISER Infrastructure Limited
Statement of Changes in Equity for the Year Ended 31 December 2024
|
Share capital |
Retained earnings |
Total |
|
|
At 1 January 2023 |
|
|
|
|
Profit for the year |
- |
|
|
|
At 31 December 2023 |
8,823 |
22,841 |
31,664 |
|
Share capital |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
At 31 December 2024 |
|
|
|
EISER Infrastructure Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Functional currency
The company considers the pound sterling to be the currency that most faithfully represents the economic effect of the underlying transactions, events and conditions. The pound sterling is the currency in which the company measures its performance and reports its results.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. |
Revenue recognition
Turnover represents income from investment management services, net of sales, related taxes and discounts. Turnover is accounted for on an accruals basis. Refer note 3 for breakdown of turnover.
Finance income and costs policy
Interest receivable comprises of interest earned on bank deposit accounts. Interest receivable is accounted for on an accruals basis.
EISER Infrastructure Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Foreign currency transactions and balances
Tax
A provision is made for corporation tax at the current rates on the excess of taxable income over allowable expenses.
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
EISER Infrastructure Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
|
Director's remuneration |
The director is remunerated for his services by emoluments he received from the immediate parent entity, EISER Finance Limited (“EFL”).
|
Debtors |
|
Note |
2024 |
2023 |
|
|
Amounts owed by group undertakings |
|
|
|
|
Total current trade and other debtors |
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2024 |
2023 |
|
|
Due within one year |
|||
|
Amounts owed to group undertakings |
|
|
|
|
Accrued expenses |
- |
|
|
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
8,723 |
|
8,723 |
|
|
|
100 |
|
100 |
|
|
|
|
|
|
EISER Infrastructure Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
|
Related party transactions |
The company is a wholly owned subsidiary and has taken advantage of FRS 102, section 33, paragraph 1(a). Accordingly, it has not disclosed transactions or balances with entities that form part of the group which eliminate on consolidation.
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
These financial statements are available upon request from The only group of undertakings of which group financial statements are drawn up and of which the company is a member is EISER Infrastructure Partners LLP (“EIP”). Copies of group financial statements are available to the public from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.