Company registration number 06077156 (England and Wales)
NEW EUROPE ADVISERS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
NEW EUROPE ADVISERS LIMITED
COMPANY INFORMATION
Director
Mark Thaddeus Otto
Company number
06077156
Registered office
5th Floor
3 Dorset Rise
London
EC4Y 8EN
Auditor
TC Group
5th Floor
3 Dorset Rise
London
EC4Y 8EN
Bankers
Coutts & Co
440 The Strand
London
WC2R 0QS
NEW EUROPE ADVISERS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Director's report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 18
NEW EUROPE ADVISERS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The director presents the strategic report for the year ended 31 July 2025.

Fair review of the business

The year under review was the company's eighteenth period of trading. The company's income during the accounting period was derived from retainer income.

The company recorded a profit after tax for the year of £12,140 (2024: £4,497).

The company relies on its regular retainer income to provide a base from which it can support individual corporate finance mandates.

Principal risks and uncertainties

The director considers that the key financial risk exposures faced by the company relate to the need to maintain sufficient capital to satisfy regulatory capital requirements and working capital needs. The director has expressed his willingness to invest capital into the business if necessary in the light of uncertainties regarding income in the future periods. The company does not take principal positions which would expose it to material credit risk and/or position risk nor does it have a material exposure to foreign exchange movements.

In determining the company's risks, the director also determines how those risks may be mitigated and assesses on an on-going basis the arrangements to manage those risks.

The company's financial risk management objectives are there to minimise the key financial risks through having clearly defined terms of business with counterparties and regular monitoring of cash flow and management accounts. This helps to ensure that regulatory capital requirements are not breached and the company maintains adequate working capital.

Operational risk

Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. The director is involved in the day to day running of the company and so the risk of losses due to insufficient operations is minimal.

Reputational risk

Reputational risk arises from the company’s dependence on its good reputation both for ongoing and generating future business. Such risk can arise from poor performance or communication or from external public criticism or regulatory censure. The director has taken all reasonable steps to protect the company's reputation and ensures that the company remains compliant with the Financial Conduct Authority (FCA) regulations.

Financial risk management

The company's principal financial instrument is its bank balance. The main purpose of this instrument is to fund the company's operations, regulatory capital and working capital requirements.

Liquidity risk

Liquidity risk is managed by ensuring sufficient funds are available to meet liabilities as they fall due. The director regularly monitors cash flow and management accounts in order to ensure regulatory capital requirements are not breached.

Interest rate risk

The company's financial assets are not materially exposed to interest rate risk. The company has sufficient cash resources and is therefore not at risk from increases in interest rates.

Credit risk

The company is not exposed materially to credit risk. The company's cash deposits are held with a long established financial institution and are covered by the UK deposit guarantee scheme.

NEW EUROPE ADVISERS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
Key performance indicators

|  |  |  |  |  | 20 25 | 20 24
|  |  |  |  |  | £ | £
Turnover |  |  |  |  |  | 58,603 | 49,539
Live mandates in the year |  |  |  | 1 | 2

Section 172 statement

The director of the company always endeavours to act in a way to promote the success of the company for the benefit of its stakeholders as a whole. In doing so, he considers the likely consequence of any decisions in the long-term, having regard to an approach that is fair and equitable to all stakeholders of the company.

Underlying their decision-making process, the director is mindful of how the company’s business operations impact the community and environment. The director’s overarching responsibility is to maintain a reputation for high standards of business conduct and seek to build strong business relationships with suppliers, customers and other key counterparties.

The shareholders of the company are its key stakeholders.

During the year under review, there were no key decisions made that could impact the company's shareholders or other potential interested parties.

Other information and explanations

In accordance with the rules of the Financial Conduct Authority, the company has published information on its risk management objectives and policies on its regulatory capital requirements and resources. Details of the company's unaudited MIFIDPRU 8 remuneration disclosures are included on page 19 as an appendix to these financial statements.

On behalf of the board

Mark Thaddeus Otto
Director
4 November 2025
NEW EUROPE ADVISERS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 3 -

The director presents his annual report and financial statements for the year ended 31 July 2025.

Principal activities

The principal activity of the company during the period under review continued to be the provision of oversight services to its Appointed Representatives.

The company is also actively pursuing opportunities to provide other investment business services within the scope of its regulatory permissions.
The company's activities are regulated by the Financial Conduct Authority.

Results and dividends

The results for the year are set out on page 8.

The company paid no dividends during the current or prior year.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mark Thaddeus Otto
Auditor

The auditor, TC Group, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the director's report. It has done so in respect of financial risk management and objectives with regard financial instruments.

NEW EUROPE ADVISERS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
Statement of disclosure to auditor
So far as the director is aware, there is no relevant audit information of which the company's auditor are unaware. Additionally, the director has taken all the necessary steps that he ought to have taken as director in order to make himself aware of all relevant audit information and to establish that the company's auditors are aware of that information.
On behalf of the board
Mark Thaddeus Otto
Director
4 November 2025
NEW EUROPE ADVISERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NEW EUROPE ADVISERS LIMITED
- 5 -
Opinion

We have audited the financial statements of New Europe Advisers Limited (the 'company') for the year ended 31 July 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit true:

- the information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

NEW EUROPE ADVISERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF NEW EUROPE ADVISERS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine s is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intend s to liquidate the company or to cease operations, or ha s no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (FRS 102, the Companies Act 2006) and the relevant Financial Conduct Authority's (FCA) rules and regulations relating to its operations, including those relating to the oversight of Appointed Representatives. Other applicable laws and regulations include the direct and indirect tax compliance regulation in the United Kingdom.

- We understood how the company is complying with those frameworks by making enquiries of management and seeking representations from those charged with governance. We corroborated our understanding by reviewing supporting documentation including policy and procedures manuals and correspondence with regulatory bodies.

NEW EUROPE ADVISERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF NEW EUROPE ADVISERS LIMITED
- 7 -

- We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override of internal control and by designating revenue recognition as a fraud risk. We performed journal entry testing by specific risk criteria, with a focus on journals indicating large or unusual transactions based on our understanding of the business. We tested completeness of income through substantive tests performed, analytical review procedures and cut off tests on the revenue recognised, vouching to supporting documentation where applicable.

- Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved enquiries of management and those charged with governance and review of legal and professional expenses.

- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Bailey FCA CTA (Senior Statutory Auditor)
For and on behalf of TC Group
4 November 2025
Accountants
Statutory Auditor
5th Floor
3 Dorset Rise
London
EC4Y 8EN
NEW EUROPE ADVISERS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
2025
2024
Notes
£
£
Revenue
3
58,603
49,539
Administrative expenses
(45,279)
(44,713)
Operating profit
4
13,324
4,826
Investment income
1,784
1,548
Profit before taxation
15,108
6,374
Taxation
8
(2,968)
(1,877)
Profit for the financial year
12,140
4,497
Total comprehensive income for the year
12,140
4,497

The statement of comprehensive income been prepared on the basis that all operations are continuing operations.

NEW EUROPE ADVISERS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JULY 2025
31 July 2025
- 9 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
9
3,230
1,089
Current assets
Trade and other receivables
10
1,011
6,993
Cash and cash equivalents
85,338
67,750
86,349
74,743
Current liabilities
11
(11,840)
(11,233)
Net current assets
74,509
63,510
Net assets
77,739
64,599
Equity
Called up share capital
12
65,000
64,000
Retained earnings
12,739
599
Total equity
77,739
64,599
The financial statements were approved and signed by the director and authorised for issue on 4 November 2025
Mark Thaddeus Otto
Director
Company registration number 06077156 (England and Wales)
NEW EUROPE ADVISERS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 10 -
Share capital
Retained earnings
Total
Notes
£
£
£
Balance at 1 August 2023
63,000
(3,898)
59,102
Year ended 31 July 2024:
Profit and total comprehensive income
-
4,497
4,497
Issue of share capital
12
1,000
-
1,000
Balance at 31 July 2024
64,000
599
64,599
Year ended 31 July 2025:
Profit and total comprehensive income
-
12,140
12,140
Issue of share capital
12
1,000
-
1,000
Balance at 31 July 2025
65,000
12,739
77,739
NEW EUROPE ADVISERS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
15
19,758
606
Income taxes paid
(1,877)
(1,878)
Net cash inflow/(outflow) from operating activities
17,881
(1,272)
Investing activities
Purchase of property, plant and equipment
(3,077)
-
0
Repayment of loans
-
0
10,000
Interest received
1,784
1,548
Net cash (used in)/generated from investing activities
(1,293)
11,548
Financing activities
Proceeds from issue of shares
1,000
1,000
Net cash generated from financing activities
1,000
1,000
Net increase in cash and cash equivalents
17,588
11,276
Cash and cash equivalents at beginning of year
67,750
56,474
Cash and cash equivalents at end of year
85,338
67,750
NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 12 -
1
Accounting policies
Company information

New Europe Advisers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, 3 Dorset Rise, London, EC4Y 8EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in pound sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound sterling.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company receives sufficient income to cover its key administrative expenses and the director is willing to support the company should it be required.

Accordingly, the director continue s to adopt the going concern basis in preparing the annual report and accounts.

1.3
Revenue

Fee income represents revenue earned under contracts for the provision of services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office furniture
25% straight line
Computer equipment
25% straight line

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 the statement of comprehensive income.

1.5
Cash and cash equivalents

Cash and cash equivalents i s made up of deposits held at call with banks.

NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 13 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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 s trade and other receivables 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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the statement of comprehensive income.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the statement of comprehensive income.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

Basic financial liabilities

Basic financial liabilities, including other payables 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 receipts 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.

NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 14 -
Derecognition of financial liabilities

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

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
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 income statement 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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

During the current or prior year, the director was not required to make estimates or assumptions that required a high level of judgement or complexity.

3
Revenue

An analysis of the company's revenue is as follows:

2025
2024
£
£
Revenue analysed by class of business
Financial services
58,603
49,539
2025
2024
£
£
Revenue analysed by geographical market
United Kingdom
58,603
49,539
NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
3
Revenue
(Continued)
- 15 -
2025
2024
£
£
Other revenue
Interest income
1,784
1,548
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of owned property, plant and equipment
936
633
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor:
£
£
For audit services
Audit of the financial statements of the company
3,000
3,000
For other services
All other non-audit services
3,100
3,100
6
Employees

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

2025
2024
Number
Number
Director
1
1
The remuneration for the year comprised:
2025
2024
£
£
Wages and salaries
24,000
24,000
Social security costs
2,506
2,056
26,506
26,056
NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 16 -
7
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
24,000
24,000
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
2,968
1,877

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
15,108
6,374
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2024: 19.00%)
2,871
1,211
Tax effect of expenses that are not deductible in determining taxable profit
682
666
Capital allowances
(585)
-
0
Taxation charge for the year
2,968
1,877
NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 17 -
9
Property, plant and equipment
Office furniture
Computer equipment
Total
£
£
£
Cost
At 1 August 2024
11,316
6,260
17,576
Additions
3,077
-
0
3,077
Disposals
(619)
(1,249)
(1,868)
At 31 July 2025
13,774
5,011
18,785
Depreciation
At 1 August 2024
11,261
5,226
16,487
Depreciation charged in the year
522
414
936
Eliminated in respect of disposals
(619)
(1,249)
(1,868)
At 31 July 2025
11,164
4,391
15,555
Carrying amount
At 31 July 2025
2,610
620
3,230
At 31 July 2024
55
1,034
1,089
10
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
-
0
6,000
Prepayments and accrued income
1,011
993
1,011
6,993
11
Current liabilities
2025
2024
£
£
Trade payables
791
-
0
Corporation tax
2,968
1,877
Other taxation and social security
2,451
2,463
Accruals and deferred income
5,630
6,893
11,840
11,233
NEW EUROPE ADVISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 18 -
12
Share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
65,000 Ordinary of £1 each
65,000
64,000

During the year the company issued 1,000 £1 ordinary shares at par for cash.

13
Ultimate controlling party

The ultimate controlling party is Mark Thaddeus Otto.

14
Analysis of changes in net funds
1 August 2024
Cash flows
31 July 2025
£
£
£
Cash at bank and in hand
67,750
17,588
85,338
15
Cash generated from operations
2025
2024
£
£
Profit for the year after tax
12,140
4,497
Adjustments for:
Taxation
2,968
1,877
Investment income
(1,784)
(1,548)
Depreciation of property, plant and equipment
936
633
Movements in working capital:
Decrease/(increase) in trade and other receivables
5,982
(4,772)
(Decrease) in trade and other payables
(484)
(81)
Cash generated from operations
19,758
606
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