Company registration number 13961700 (England and Wales)
ESFIR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
ESFIR LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
ESFIR LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investment property
4
322,450
Current assets
Cash at bank and in hand
196,002
Creditors: amounts falling due within one year
5
(518,642)
Net current liabilities
(322,640)
Net liabilities
(190)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(290)
Total equity
(190)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 October 2023 and are signed on its behalf by:
Dr A  Akram
Director
Company registration number 13961700 (England and Wales)
ESFIR LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 8 March 2022
-
0
-
0
-
Period ended 31 March 2023:
Loss and total comprehensive income
-
(290)
(290)
Issue of share capital
100
-
100
Balance at 31 March 2023
100
(290)
(190)
ESFIR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Esfir Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Michael House, Castle Street, Exeter, Devon, EX4 3LQ.

1.1
Reporting period

The financial statements are the first presented and are for a period longer than one year, from the date of incorporation 8 March 2022 to the balance sheet date.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the letting of rental property.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ESFIR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
2
4
Investment property
2023
£
Fair value
At 8 March 2022
-
0
Additions
322,450
At 31 March 2023
322,450

Investment property comprises residential property purchased during the year.

5
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings
323,800
Other creditors
194,842
518,642

Other creditors includes a balance of £193,342 owed to the directors. Amounts advanced to the company by the directors are unsecured, interest free and deemed repayable on demand.

2023-03-312022-03-08false27 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityDr A AkramDr S U Ejazfalse139617002022-03-082023-03-31139617002023-03-3113961700core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113961700core:CurrentFinancialInstruments2023-03-3113961700core:ShareCapital2023-03-3113961700core:RetainedEarningsAccumulatedLosses2023-03-3113961700core:ShareCapital2022-03-0713961700core:RetainedEarningsAccumulatedLosses2022-03-0713961700bus:Director12022-03-082023-03-3113961700core:RetainedEarningsAccumulatedLosses2022-03-082023-03-3113961700core:ShareCapital2022-03-082023-03-31139617002022-03-0713961700bus:PrivateLimitedCompanyLtd2022-03-082023-03-3113961700bus:SmallCompaniesRegimeForAccounts2022-03-082023-03-3113961700bus:FRS1022022-03-082023-03-3113961700bus:AuditExemptWithAccountantsReport2022-03-082023-03-3113961700bus:Director22022-03-082023-03-3113961700bus:FullAccounts2022-03-082023-03-31xbrli:purexbrli:sharesiso4217:GBP