Company No: 02972048 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	D Leary
	D Sandeman
	E Sandeman (Appointed 18 December 2024)

SECRETARY

E Sandeman

REGISTERED OFFICE	Chapter House
	33 London Road
	Reigate
	RH2 9HZ
	United Kingdom

COMPANY NUMBER

02972048 (England and Wales)

ACCOUNTANT	Gravita Business Services II Limited
	Aldgate Tower
	2 Leman Street
	London
	E1 8FA
	United Kingdom

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	4,427		18,980
Investments	4	100,103		100,103
		104,530		119,083
Current assets
Debtors	5	3,271,548		2,190,574
Cash at bank and in hand		2,975,623		3,196,845
		6,247,171		5,387,419
Creditors: amounts falling due within one year	6	( 1,036,141)		( 829,917)
Net current assets		5,211,030		4,557,502
Total assets less current liabilities		5,315,560		4,676,585
Provision for liabilities		( 5,253)		( 5,253)
Net assets		5,310,307		4,671,332
Capital and reserves
Called-up share capital		100		100
Profit and loss account		5,310,207		4,671,232
Total shareholders' funds		5,310,307		4,671,332

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Essential Information Group Limited (registered number: 02972048) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

D Sandeman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Essential Information Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Chapter House, 33 London Road, Reigate, RH2 9HZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable from provision of auction services net of VAT and trade discounts.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	21		21

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2024	68,372		34,475		27,847		130,694
At 31 December 2024	68,372		34,475		27,847		130,694
Accumulated depreciation
At 01 January 2024	53,619		33,822		24,273		111,714
Charge for the financial year	12,729		163		1,661		14,553
At 31 December 2024	66,348		33,985		25,934		126,267
Net book value
At 31 December 2024	2,024		490		1,913		4,427
At 31 December 2023	14,753		653		3,574		18,980

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	103
At 31 December 2024	103
Carrying value at 31 December 2024	103
Carrying value at 31 December 2023	103

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	100,000		100,000
At 31 December 2024	100,000		100,000
Carrying value at 31 December 2024	100,000		100,000
Carrying value at 31 December 2023	100,000		100,000

5. Debtors

	2024		2023
	£		£
Trade debtors	500,963		282,118
Amounts owed by Group undertakings	750,251		750,590
Other debtors	2,020,334		1,157,866
	3,271,548		2,190,574

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	27,752		3,843
Taxation and social security	509,386		401,080
Other creditors	499,003		424,994
	1,036,141		829,917

7. Related party transactions

Transactions with the entity's directors

Dividends totalling £164,500 (2023 : £157,500) were paid in the year in respect of shares held by the company's directors.

At the year end the company owed £120 (2023: £55) to D Sandeman in respect of an interest free loan repayable on demand.

Other related party transactions

At the year end the company was owed £360,259 (2023 - £360,259) by Chapter Investments Limited, a direct subsidiary company, in respect of an interest free loan repayable on demand.

At the year end the company was owed £222,052 (2023 - £222,052) by Fieldhigh Investments Limited, a direct subsidiary company, in respect of an interest free loan repayable on demand.

At the year end the company was owed £167,940 (2023 - £168,278) by Hexpol Limited, a direct subsidiary company, in respect of an interest free loan repayable on demand.

At the year end the company was owed £273,000 (2023 - £209,000) by PIP Limited, a company where the directors have a significant shareholding, in respect of an interest free loan repayable on demand.

8. Ultimate controlling party

The ultimate controlling party is D Sandeman, a director of the company.