Efon Alaaye UK & Europe Limited

Efon Alaaye UK & Europe Limited
Contents Page
For the Period 01 June 2025 to 31 March 2026

Company Information	1
Director's Report	2
Statement of Financial Position	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5

Efon Alaaye UK & Europe Limited
Company Information
For the Period 01 June 2025 to 31 March 2026

Director	Titus Ayodele
Registered Number	15750661
Registered Office	70 Clapton Square London E5 8HW
Accountants	Julius and Julius and Associates LLP 70, Clapton Square London E5 8HW

1

Efon Alaaye UK & Europe Limited
Director's Report
For the Period 01 June 2025 to 31 March 2026

Director's report and financial statements

The director presents his/her/their annual report and the financial statements for the year ended 31 March 2026.

Principal activities

Principal activity of the company during the financial year was Activities of other membership organizations not elsewhere classified.

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
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 they are satisfied that they give a true and fair view of the state of affairs of the company and 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 and
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. The director 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

Director

The director who served the company throughout the period was as follows:

Titus Ayodele

On behalf of the board.

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Titus Ayodele
Director

Date approved: 01 July 2026

2

Efon Alaaye UK & Europe Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Current assets
Cash at bank and in hand		8,803	5,015
Creditors: amount falling due within one year	3	(2,850)	(5,600)
Net current assets		5,953	(585)

Total assets less current liabilities		5,953	(585)
Creditors: amount falling due after more than one year	4	(7,895)	(910)
Net assets		(1,942)	(1,495)

Capital and reserves
Profit and loss account		(1,942)	(1,495)
Members' funds		(1,942)	(1,495)

For the period ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 01 July 2026 and were signed by:

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Titus Ayodele
Director

3

Efon Alaaye UK & Europe Limited
Statement of Changes in Equity
For the Period 01 June 2025 to 31 March 2026

	Retained Earnings	Total
	£	£
Profit/(Loss) for the period	(1,495)	(1,495)
Total comprehensive income for the period	(1,495)	(1,495)
Total investments by and distributions to owners	-	-
At 31 May 2025	(1,495)	(1,495)
At 01 June 2025	(1,495)	(1,495)
Profit/(Loss) for the period	(447)	(447)
Total comprehensive income for the period	(447)	(447)
Total investments by and distributions to owners	-	-
At 31 March 2026	(1,942)	(1,942)

4

Efon Alaaye UK & Europe Limited
Notes to the Financial Statements
For the Period 01 June 2025 to 31 March 2026

General Information

Efon Alaaye UK & Europe Limited is a private company, limited by guarantee, registered in England and Wales, registration number 15750661, registration address 70 Clapton Square, London, E5 8HW.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.	Average number of employees during the year is Average number of employees during the period was 1 (2025 : 1).

3.

Creditors: amount falling due within one year

	2026 £	2025 £
Accrued Expenses	600	600
Efon Day Loan	2,250	-
Directors' Current Accounts	-	5,000
	2,850	5,600

4.

Creditors: amount falling due after more than one year

	2026 £		2025 £
Other Creditors	7,895		910
	7,895		910

5.	Company Limited by Guarantee The company is limited by guarantee and therefore has no shares.

5


Registered Number: 15750661
England and Wales
EFON ALAAYE UK & EUROPE LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 June 2025 End date: 31 March 2026