European Liner Agencies Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03159610

European Liner Agencies Limited

Filleted Financial Statements

31 December 2025

European Liner Agencies Limited

Financial Statements

Year ended 31st December 2025

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 5

European Liner Agencies Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,604	4,422

Current assets

Debtors	6	58,222	98,626
Cash at bank and in hand		23,657	79,939
		--------	---------
		81,879	178,565

Creditors: amounts falling due within one year	7	( 30,951)		( 51,728)
		--------		---------
Net current assets			50,928	126,837
			--------	---------
Total assets less current liabilities			53,532	131,259
			--------	---------
Net assets			53,532	131,259
			--------	---------

Capital and reserves

Called up share capital	50,000	50,000
Profit and loss account	3,532	81,259
	--------	---------
Shareholders funds	53,532	131,259
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 14 August 2026 , and are signed on behalf of the board by:

D. Gnerre

Director

Company registration number: 03159610

European Liner Agencies Limited

Notes to the Financial Statements

Year ended 31st December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4, Galaxy House, 32 Leonard Street, London, EC2A 4LZ. The principal activity of the company during the year was that of shipping agents .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has made a net loss before tax of £77,727 and trading in the first half of the current year has been slow so the directors have made the difficult decision to cease trading on 30th September 2026. The company currently doesn’t have the adequate resources to continue trading and has recently received a loan from its parent company to assist with creditors. Although the company is still trading in respect of income, the levels have become to small to cover the costs of running the company. Although the company is not adopting the going concern for these accounts the amounts included this year are still considered true and fair in respect of reporting.

Turnover

The turnover shown in the profit and loss account represents the value of services provided during the year, exclusive of Value Added Tax. Revenue is recognised when the agreed services have been shipped and then the corresponding invoices are produced and sent to the customers.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

All tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leashold Property	-	Straight line over the period of the lease
Office Equipment	-	20% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates defined contribution scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employees

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1st January 2025	2,355	20,554	22,909
Disposals	( 2,355)	( 11,462)	( 13,817)
	-------	--------	--------
At 31st December 2025	–	9,092	9,092
	-------	--------	--------
Depreciation
At 1st January 2025	2,355	16,132	18,487
Charge for the year	–	1,818	1,818
Disposals	( 2,355)	( 11,462)	( 13,817)
	-------	--------	--------
At 31st December 2025	–	6,488	6,488
	-------	--------	--------
Carrying amount
At 31st December 2025	–	2,604	2,604
	-------	--------	--------
At 31st December 2024	–	4,422	4,422
	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	34,265	73,662
Other debtors	23,957	24,964
	--------	--------
	58,222	98,626
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,939	18,566
Amounts owed to group undertakings and undertakings in which the company has a participating interest	16,221	16,221
Social security and other taxes	1,891	4,541
Other creditors	8,900	12,400
	--------	--------
	30,951	51,728
	--------	--------

8. Summary audit opinion

The auditor's report dated 14 August 2026 was unqualified , however, the auditor drew attention to the following by way of emphasis.

We draw your attention to note 3 to the financial statements which explains that the directors intend to cease trading on 30th September 2026 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in note 3. Our opinion is not modified in respect of this matter.

The senior statutory auditor was David Mercer FCCA , for and on behalf of Quay Business Advice Limited .

9. Related party transactions

During the year the company had loan transactions with its parent company, Roberto Bucci (UK) Limited. Creditors - due within one year Roberto Bucci (UK) Limited £16,221 (2024 £16,221) The loans were interest free.

10. Controlling party

At the 31st December 2025 the company was a 100% (2024 - 100%) owned subsidiary of Roberto Bucci (UK) Limited, a company incorporated in England.