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Company Registration Number 12352572
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EFFICIENT BUILDING SOLUTIONS LIMITED
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UNAUDITED
FINANCIAL STATEMENTS
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EFFICIENT BUILDING SOLUTIONS LIMITED
REGISTERED NUMBER: 12352572
BALANCE SHEET
AS AT 31 DECEMBER 2021
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Page 1
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EFFICIENT BUILDING SOLUTIONS LIMITED
REGISTERED NUMBER: 12352572
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 by:
................................................
PW Fellowes-Prynne
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The notes on pages 4 to 10 form part of these financial statements.
Page 2
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EFFICIENT BUILDING SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021
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Shares issued during the year
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The notes on pages 4 to 10 form part of these financial statements.
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Page 3
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The company is a private company limited by share capital, incorporated in England.
85 Great Portland Street,
First Floor
London,
W1W 7LT
These financial statement were authorised for issue by the Board on 2022
2.Accounting policies
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Summary of significant accounting policies and key accounting estimates
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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.
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Basis of preparation of financial statements
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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.
The accounts are presented in £ sterling and are rounded to £1.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The parent is exempt from preparing group accounts as it is a small group.
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Page 4
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
2.Accounting policies (continued)
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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.
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.
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The average monthly number of employees, including directors, during the year was 4 (2020 - 0).
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Page 5
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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Charge for the year on owned assets
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Charge for the year on owned assets
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Page 6
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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Investments in subsidiary companies
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The following were subsidiary undertakings of the Company:
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The City Office
85 Great Portland Street,
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85 Great Portland Street, London, W1W 7LT
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Bright Green Renewables Limited
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85 Great Portland Street, London, W1W 7LT
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85 Great Portland Street, London, W1W 7LT
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Environmental Construction Products Limited*
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85 Great Portland Street, London, W1W 7LT
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85 Great Portland Street, London, W1W 7LT
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85 Great Portland Street, London, W1W 7LT
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22 Great James Street, London, WCIN 3ES
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35 Westgate, Huddersfield, HD1 1PA
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Page 7
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
*Not held directly by the entity
Geneff Limited
The principal activity of Geneff Limited is Holding Company.
Goeco Renewables Limited
The principal activity of Goeco Renewables Limited is Renewable energy installers, specialising in solar energy and heating systems.
Bright Green Renewables Limited
The principal activity of Bright Green Renewables Limited is Plumbing, heat and air-conditioning installation.
Qoda Consulting Limited
The principal activity of Qoda Consulting Limited is consultancy services.
Environmental Construction Products Limited
The principal activity of Environmental Construction Products Limited is the wholesale of construction products.
Enhabit Limited
The principal activity of Enhabit Limited is construction and installation.
AHAF (Holdings) Limited
The principal activity of AHAF (Holdings) Limited is construction and installation.
Passisash Limited (Dormant)
Passisash Limited has no principal activity as it is dormant.
Group ECP Limited (Dormant)
Group ECP Limited has no principal activity as it is dormant.
Page 8
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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Amounts owed by group undertakings
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Called up share capital not paid
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Page 9
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EFFICIENT BUILDING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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Allotted, called up and fully paid
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4,763,993 (2020 - 3,414,000) Ordinary Class A shares of £- each
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1,001,180,000 (2020 - 525,000) Ordinary Class B shares of £- each
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3,500,000 (2020 - ) Ordinary Class C shares of £- each
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5,941,504 (2020 - 3,930,677) Preference shares of £1.00 each
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Allotted, called up and unpaid
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8,650,000 (2020 - 10,000,000) Preference shares of £1.00 each
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Financial commitments, guarantees and contingencies
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Amounts disclosed in the balance sheet
Included in the balance sheet are financial commitments of £2,831,875.
Amounts owed to group undertakings and undertakings in which the company has a participating interest
Page 10
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