REGISTERED NUMBER: 06544479 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EC1 PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Cole

S M Cole

Simon Eglise

SECRETARY:

J A Cole

REGISTERED OFFICE:

3 Waterhouse Square

London

EC1N 2SW

REGISTERED NUMBER:

06544479 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

179,938

155,916

CURRENT ASSETS

Debtors

5

1,223,094

1,501,956

Cash at bank and in hand

209,827

182,922

1,432,921

1,684,878

CREDITORS

Amounts falling due within one year

6

(1,283,552

)

(1,197,820

)

NET CURRENT ASSETS

149,369

487,058

TOTAL ASSETS LESS CURRENT LIABILITIES

329,307

642,974

CREDITORS

Amounts falling due after more than one year

7

(203,171

)

(203,294

)

PROVISIONS FOR LIABILITIES

9

(733

)

(733

)

NET ASSETS

125,403

438,947

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

125,303

438,847

SHAREHOLDERS' FUNDS

125,403

438,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

J A Cole - Director

1.	STATUTORY INFORMATION

EC1 Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

98,120

149,780

95,994

343,894

Additions

-

80,697

1,723

82,420

Disposals

(98,120

)

-

(86,927

)

(185,047

)

At 31 December 2024

-

230,477

10,790

241,267

DEPRECIATION

At 1 January 2024

79,628

22,467

85,883

187,978

Charge for year

6,499

32,646

5,978

45,123

Eliminated on disposal

(86,127

)

-

(85,645

)

(171,772

)

At 31 December 2024

-

55,113

6,216

61,329

NET BOOK VALUE

At 31 December 2024

-

175,364

4,574

179,938

At 31 December 2023

18,492

127,313

10,111

155,916

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

333,935

696,457

Amounts owed by related party

1,251

25,418

Other debtors

887,908

780,081

1,223,094

1,501,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 8)

50,000

50,000

Trade creditors

43,409

63,303

Amounts owed to related party

366,569

189,600

Taxation and social security

482,416

372,864

Other creditors

341,158

522,053

1,283,552

1,197,820

Included in other creditors is an amount due under invoice financing arrangements, which is secured against trade receivables.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 8)

41,667

91,667

Other creditors

161,504

111,627

203,171

203,294

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

50,000

50,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

41,667

50,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

41,667

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

733

733

Deferred

tax

£

Balance at 1 January 2024

733

Balance at 31 December 2024

733

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

J A Cole

Balance outstanding at start of year

528,123

339,944

Amounts advanced

428,109

488,179

Amounts repaid

(300,000

)

(300,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

656,232

528,123