ACCOUNTS - Final Accounts

Registered number: 12338611

THE EUREKA GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE EUREKA GROUP LIMITED

REGISTERED NUMBER: 12338611

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		106,173		106,173
Current assets
Debtors: amounts falling due within one year	5	1,664,658		1,068,354
Cash at bank and in hand		41,083		512
Creditors: amounts falling due within one year	6	(1,829,234)		(1,175,073)
Net current liabilities			(123,493)		(106,207)

Net liabilities			(17,320)		(34)

Capital and reserves
Called up share capital	7	11	11
Profit and loss account		(17,331)	(45)
		(17,320)	(34)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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 Company has opted not to file the statement of income and retained earnings in accordance with 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 1 December 2025.

J N Bunting

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

THE EUREKA GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Eureka Group Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Boston House Grove Business Park, Downsview Road, Wantage, Oxfordshire, England, OX12 9FF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

The following principal accounting policies have been applied:

2.2

Going concern

The directors are satisfied that it is appropriate to prepare accounts on a going concern basis as the company retains the support of the ultimate controlling party to ensure that sufficient funds will be available to support the company’s activities for at least 12 months from the date of approval of these financial statements.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

THE EUREKA GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	106,173
	At 31 December 2024	106,173

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	1,650,695	1,041,228
Other debtors	13,963	27,126
	1,664,658	1,068,354

Page 3

THE EUREKA GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	930	2,580
Other creditors	1,826,908	1,171,097
Accruals	1,396	1,396
	1,829,234	1,175,073

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

770 (2023 - 770) A ordinary shares of £0.01 each	8	8
330 (2023 - 330) B ordinary shares of £0.01 each	3	3

	11	11

8.	Related party transactions
	At the year end the company owed £1,569,186 (2023 - £875,336) to a director.

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