Company registration number 15222166 (England and Wales)
EGH CONSORTIUM LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
EGH CONSORTIUM LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
EGH CONSORTIUM LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
4
13,650,000
Current assets
Debtors
5
6
Creditors: amounts falling due within one year
6
(7,661,529)
Net current liabilities
(7,661,523)
Total assets less current liabilities
5,988,477
Provisions for liabilities
(1,513,371)
Net assets
4,475,106
Capital and reserves
Called up share capital
6
Fair value reserve
4,540,112
Profit and loss reserves
(65,012)
Total equity
4,475,106

For the financial period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
Ronak Singh
Director
Company registration number 15222166 (England and Wales)
EGH CONSORTIUM LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

EGH Consortium Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Progress Centre, Charlton Place, Manchester, M12 6HS.

1.1
Reporting period

The company's accounting period is over one year due to the incorporation date.

1.2
Turnover

Revenue arising from the rental of investment properties is accounted for on a straight line basis over the lease period.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
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.

1.5
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.

EGH CONSORTIUM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

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 paymen ts 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. A m ounts 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.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
4
EGH CONSORTIUM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 4 -
4
Investment property
2024
£
Fair value
At 19 October 2023
-
0
Additions
7,596,517
Revaluations
6,053,483
At 31 October 2024
13,650,000

The fair value of the investment property has been arrived at on the basis of a professional valuation carried out on 18 November 2024 by Fisher German Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
6
6
Creditors: amounts falling due within one year
2024
£
Bank loans
5,355,630
Other creditors
2,305,899
7,661,529

The bank loans are secured through fixed and floating charges over the investment property disclosed in these accounts.

2024-10-31 2023-10-19 false false false 17 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Courtney Miller-Campbell Ronak Singh Harkrishan Singh Servak Singh Ms C A Miller-Campbell 15222166 2023-10-19 2024-10-31 15222166 2024-10-31 15222166 core:WithinOneYear 2024-10-31 15222166 core:CurrentFinancialInstruments 2024-10-31 15222166 core:ShareCapital 2024-10-31 15222166 core:RevaluationReserve 2024-10-31 15222166 core:RetainedEarningsAccumulatedLosses 2024-10-31 15222166 bus:Director1 2023-10-19 2024-10-31 15222166 2023-10-18 15222166 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 15222166 bus:PrivateLimitedCompanyLtd 2023-10-19 2024-10-31 15222166 bus:SmallCompaniesRegimeForAccounts 2023-10-19 2024-10-31 15222166 bus:FRS102 2023-10-19 2024-10-31 15222166 bus:AuditExemptWithAccountantsReport 2023-10-19 2024-10-31 15222166 bus:Director2 2023-10-19 2024-10-31 15222166 bus:Director3 2023-10-19 2024-10-31 15222166 bus:Director4 2023-10-19 2024-10-31 15222166 bus:CompanySecretary1 2023-10-19 2024-10-31 15222166 bus:FullAccounts 2023-10-19 2024-10-31 xbrli:pure xbrli:shares iso4217:GBP