REGISTERED NUMBER: 09227379 (England and Wales)

ECONOMIC MODELLING UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T J Van den Broek

REGISTERED OFFICE:

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

REGISTERED NUMBER:

09227379 (England and Wales)

AUDITOR:

Shaw Gibbs Audit Ltd

264 Banbury Road

Oxford

Oxfordshire

OX2 7DY

FIXED ASSETS

Intangible assets

4

338,038

-

Tangible assets

5

54,800

73,580

392,838

73,580

CURRENT ASSETS

Debtors

6

350,400

446,520

Cash at bank

170,918

131,674

521,318

578,194

CREDITORS

Amounts falling due within one year

7

(524,908

)

(399,570

)

NET CURRENT (LIABILITIES)/ASSETS

(3,590

)

178,624

TOTAL ASSETS LESS CURRENT LIABILITIES

389,248

252,204

PROVISIONS FOR LIABILITIES

(13,750

)

(17,693

)

NET ASSETS

375,498

234,511

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

375,497

234,510

SHAREHOLDERS' FUNDS

375,498

234,511

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 director and authorised for issue on 15 January 2026 and were signed by:

T J Van den Broek - Director

1.	STATUTORY INFORMATION

Economic Modelling UK 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 represents the net invoiced sales of services, together with adjustments in respect of a) partially completed work not yet invoiced and b) amounts received in advance of work being carried out.

Goodwill

Goodwill recognised in connection with the business acquisition amounts to £368,769. Included within this total is £200,000 attributable to the customer list, which is being amortised over an estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

50% on cost and 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 25 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

368,769

At 31 December 2024

368,769

AMORTISATION

Charge for year

30,731

At 31 December 2024

30,731

NET BOOK VALUE

At 31 December 2024

338,038

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

96,912

30,077

126,989

Additions

-

1,099

1,099

At 31 December 2024

96,912

31,176

128,088

DEPRECIATION

At 1 January 2024

37,892

15,517

53,409

Charge for year

9,691

10,188

19,879

At 31 December 2024

47,583

25,705

73,288

NET BOOK VALUE

At 31 December 2024

49,329

5,471

54,800

At 31 December 2023

59,020

14,560

73,580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

39

17,379

Amounts owed by group undertakings

96,790

138,315

Other debtors

23,422

85,012

Tax

-

23,334

VAT

3,220

4,280

Prepayments and accrued income

226,929

178,200

350,400

446,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

1

1

Trade creditors

10,139

21,279

Amounts owed to group undertakings

92,576

84,438

Tax

74,220

-

Other creditors

7,000

-

Credit cards

5,168

9,331

Deferred income

93,555

36,458

Accrued expenses

242,249

248,063

524,908

399,570

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

31,500

38,245

Between one and five years

126,000

126,000

In more than five years

-

31,500

157,500

195,745

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Andrew Hodgetts (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs Audit Ltd

10.	RELATED PARTY DISCLOSURES

The smallest group for which consolidated financial statements are prepared, of which the company is a member, is headed by the following entity : Economic Modelling LLC, 232 N Almon St, Moscow ID 83483 USA.

Employees of the company may participate in a Phantom Unit incentive scheme under which they may become entitled to receive a cash benefit linked to the occurrence of a Common Distribution by the parent entity, Obsidian BG Holdings LP. Amounts payable to employees under the scheme will be met by the parent entity. No amounts have been recognised by the company in these financial statements in respect of such potential future payments.