EPM Holdings Limited - Accounts to registrar (filleted) - small 18.2

EPM Holdings Limited - Accounts to registrar (filleted) - small 18.2

VELOCITI BUS SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 09784301 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

EPM HOLDINGS LIMITED
EPM HOLDINGS LIMITED (REGISTERED NUMBER: 09784301)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EPM HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2020







DIRECTORS: N J Brookes
M L Hanlon
J N Anton
I Churchill
G D Hyman





REGISTERED OFFICE: 20 Harris Business Park
Hanbury Road
Bromsgrove
Worcestershire
B60 4DJ





REGISTERED NUMBER: 09784301 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
Page 1
EPM HOLDINGS LIMITED (REGISTERED NUMBER: 09784301)

BALANCE SHEET
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,506,940 2,506,940

CURRENT ASSETS
Cash at bank 6,100 -

CREDITORS
Amounts falling due within one year 5 732,949 400,000
NET CURRENT LIABILITIES (726,849 ) (400,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,780,091
2,106,940

CREDITORS
Amounts falling due after more than one
year
6
-
326,904
NET ASSETS 1,780,091 1,780,036

CAPITAL AND RESERVES
Called up share capital 7 214 200
Capital redemption reserve 32 32
Retained earnings 1,779,845 1,779,804
SHAREHOLDERS' FUNDS 1,780,091 1,780,036

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 Board of Directors and authorised for issue on 29 March 2021 and were signed on its behalf by:





J N Anton - Director


The notes form part of these financial statements

Page 2
EPM HOLDINGS LIMITED (REGISTERED NUMBER: 09784301)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2020

1. STATUTORY INFORMATION

EPM Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis despite the net liability position of £726,849. This position is influenced by the requirement under FRS102 to show group debt with no defined payment terms as being due within one year. The Company has full group support in the form of such an inter-company loan. Although the loan is repayable on demand, the directors do not consider that the lender will require repayment in the foreseeable future, and therefore the company will be able to continue as a going concern.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
EPM HOLDINGS LIMITED (REGISTERED NUMBER: 09784301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2020

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2020
and 31 December 2020 2,506,940
NET BOOK VALUE
At 31 December 2020 2,506,940
At 31 December 2019 2,506,940

The company's investments at the Balance Sheet date in the share capital of companies include the following:

EPM Bus Solutions Limited
Registered office: 20 Harris Business Park, Hanbury Road, Bromsgrove, B60 4DJ
Nature of business: Transport consultancy
%
Class of shares: holding
Ordinary 100.00

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 732,949 400,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Amounts owed to group undertakings - 326,904

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
21,513 Ordinary £0.01 214 200

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

The Report of the Auditors was unqualified.

Mark Spafford (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

Page 4