Europort Holdings Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14459461 (England and Wales)

EUROPORT HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 NOVEMBER 2022 TO 30 SEPTEMBER 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D K Warrington

A B Warrington

SECRETARY:

A B Warrington

REGISTERED OFFICE:

Europort Distribution Centre

Altofts Lane

Castleford

West Yorkshire

WF10 5PZ

REGISTERED NUMBER:

14459461 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Investments

4

19,580,146

CURRENT ASSETS

Cash in hand

100

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT LIABILITIES

19,580,246

CAPITAL AND RESERVES

Called up share capital

5

19,580,246

SHAREHOLDERS' FUNDS

19,580,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 9 February 2024 and were signed on its behalf by:

A B Warrington - Director

D K Warrington - Director

1.	STATUTORY INFORMATION

Europort Holdings Ltd 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.

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 are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Preparation of consolidated financial statements

The financial statements contain information about Europort Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

Additions

19,580,146

At 30 September 2023

19,580,146

NET BOOK VALUE

At 30 September 2023

19,580,146

On 13 March 2023, the company acquired all the shares in Europort Properties Limited from Viamaster Holdings Limited, a company under common control, as a result of a demerger process whereby ordinary shares were issued to the shareholders as consideration. The shares in Europort Properties Limited were acquired at market value.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

19,580,246

Ordinary

£1

19,580,246

10,000 Ordinary 1p were issued on incorporation. On 13 March 2023 a further 1,958,014,600 Ordinary 1p were issued. On 24 March 2023 1,958,024,600 Ordinary 1p shares were consolidated to 19,580,246 Ordinary £1 shares.