ACCOUNTS - Final Accounts preparation

EG CROYDON HOLDING LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-012No description of principal activitytrue2falsetrue 12341817 2021-01-01 2021-12-31 12341817 2019-12-02 2020-12-31 12341817 2021-12-31 12341817 2020-12-31 12341817 c:Director2 2021-01-01 2021-12-31 12341817 d:CurrentFinancialInstruments 2021-12-31 12341817 d:CurrentFinancialInstruments 2020-12-31 12341817 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12341817 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 12341817 d:ShareCapital 2021-12-31 12341817 d:ShareCapital 2020-12-31 12341817 c:EntityHasNeverTraded 2021-01-01 2021-12-31 12341817 c:FRS102 2021-01-01 2021-12-31 12341817 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 12341817 c:FullAccounts 2021-01-01 2021-12-31 12341817 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12341817 2 2021-01-01 2021-12-31 12341817 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 12341817

EG CROYDON HOLDING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021


EG CROYDON HOLDING LIMITED REGISTERED NUMBER:12341817

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Debtors: amounts falling due within one year	5	40,364,671		33,082,608
Creditors: amounts falling due within one year	6	(40,364,671)		(33,082,608)
Net current assets			-		-

Net assets			100		100

Capital and reserves
Called up share capital	100	100
	100	100

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EG CROYDON HOLDING LIMITED REGISTERED NUMBER:12341817

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2021

For the year ended 31 December 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 December 2022.

H A Forusz

Director

The notes on pages 3 to 5 form part of these financial statements.

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EG CROYDON HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

EG Croydon Holding Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.
The principal activity of the company is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that

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EG CROYDON HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.7

Financial instruments (continued)

are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2021	100
	At 31 December 2021	100

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	40,364,671	33,082,608

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EG CROYDON HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

6.	Creditors: amounts falling due within one year
		2021	2020
		£	£

	Amounts owed to group undertakings	40,364,671	33,082,608

7.	Related party transactions
	The company has taken advantage allowed by Financial Reporting Standard 102, not to disclose any transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

8.	Controlling party

The parent company is Inspired Impact EG Limited, a company registered in England and Wales.
The ultimate controlling party is J C Nacos by virtue of him holding 100% of the share capital of Inspired Impact EG Limited.

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