Company registration number: 04207276

European Administration Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 9

European Administration Limited

(Registration number: 04207276)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	702,744	708,639
Tangible assets	5	60,108	59,150
		762,852	767,789
Current assets
Debtors	6	355,640	1,556,290
Cash at bank and in hand		66,815	46,284
		422,455	1,602,574
Creditors: Amounts falling due within one year	7	(1,656,002)	(2,858,452)
Net current liabilities		(1,233,547)	(1,255,878)
Total assets less current liabilities		(470,695)	(488,089)
Provisions for liabilities
Deferred tax liabilities		(38,491)	(60,675)
Net liabilities		(509,186)	(548,764)
Capital and reserves
Called up share capital		5	5
Profit and loss account		(509,191)	(548,769)
Total equity		(509,186)	(548,764)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2026 and signed on its behalf by:
 

E R Foges Director

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Equity House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

On 5 May 2023 the company was acquired by Bar Bidco Limited and since that date the new management have looked to improve the profitability and cash generation of the company by utilising the significant synergies within the wider group and looking to boost revenue.

Management have received confirmation of support from the wider group to fund this growth and the ability to defer intercompany debt payments until the company has funds to be able to be able to do so.

Therefore the financial statements have been prepared on a going concern basis.

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Commission income in respect of the services the company provides to barristers is recognised at the point at which the barrister’s invoice is paid by their client. This is considered by management to be the point that the company has fulfilled its service obligations. Management do not believe that they have any right to income until all stages of the service the company provides are complete.

The company also receives subscription revenue for the library service it offers, this income is recognised over the term of the subscription.

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	5 years straight line
Fixtures and fittings	5 years straight line
Office equipment	5 years straight line
Computer equipment	5 years straight line

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Development costs

Development costs that are directly attributable to the design and testing of identifiable and unique products controlled by the Company are recognised as intangible assets when the following criteria are met:
1) it is technically feasible to complete the project so that it will be available for use;
2) management intends to complete the project and use or sell it;
3) there is an ability to use or sell the project;
4) it can be demonstrated how the project will generate probable future economic benefits;
5) adequate technical, financial and other resources to complete the development and to use or sell the project are available; and
6) the expenditure attributable to the project during its development can be reliably measured.
Other development expenditures that do not meet these criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period.

Once a project is completed it is amortised over an estimated economic life with the charge included within administrative expenses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line
Development costs	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 45 (2024 - 45).

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2025	200,000	1,247,238	1,447,238
Additions internally developed	-	205,226	205,226
Disposals	-	(10,658)	(10,658)
At 31 December 2025	200,000	1,441,806	1,641,806
Amortisation
At 1 January 2025	200,000	538,599	738,599
Amortisation charge	-	200,463	200,463
At 31 December 2025	200,000	739,062	939,062
Carrying amount
At 31 December 2025	-	702,744	702,744
At 31 December 2024	-	708,639	708,639

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Computer equipment £	Total £
Cost or valuation
At 1 January 2025	20,530	232,357	58,908	311,795
Additions	-	22,276	691	22,967
Disposals	-	(1,395)	(675)	(2,070)
At 31 December 2025	20,530	253,238	58,924	332,692
Depreciation
At 1 January 2025	20,530	208,765	23,350	252,645
Charge for the year	-	9,457	11,793	21,250
Eliminated on disposal	-	(895)	(416)	(1,311)
At 31 December 2025	20,530	217,327	34,727	272,584
Carrying amount
At 31 December 2025	-	35,911	24,197	60,108
At 31 December 2024	-	23,592	35,558	59,150

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.
 

6

Debtors

Current	2025 £	2024 £
Trade debtors	80,340	97,143
Amounts owed by related parties	30,238	1,348,102
Prepayments	186,833	82,529
Other debtors	58,229	28,516
	355,640	1,556,290

European Administration Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	255,217	307,757
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,008,131	2,284,201
Taxation and social security	290,863	124,823
Accruals and deferred income	49,748	89,463
Other creditors	52,043	52,208
	1,656,002	2,858,452