Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01354734 2022-04-01 2023-03-31 01354734 2021-04-01 2022-03-31 01354734 2023-03-31 01354734 2022-03-31 01354734 1 2022-04-01 2023-03-31 01354734 d:Director2 2022-04-01 2023-03-31 01354734 c:FreeholdInvestmentProperty 2023-03-31 01354734 c:FreeholdInvestmentProperty 2022-03-31 01354734 c:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 01354734 c:CurrentFinancialInstruments 2023-03-31 01354734 c:CurrentFinancialInstruments 2022-03-31 01354734 c:Non-currentFinancialInstruments 2023-03-31 01354734 c:Non-currentFinancialInstruments 2022-03-31 01354734 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 01354734 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 01354734 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 01354734 c:Non-currentFinancialInstruments c:AfterOneYear 2022-03-31 01354734 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 01354734 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-03-31 01354734 c:ShareCapital 2023-03-31 01354734 c:ShareCapital 2022-03-31 01354734 c:SharePremium 2023-03-31 01354734 c:SharePremium 2022-03-31 01354734 c:RetainedEarningsAccumulatedLosses 2023-03-31 01354734 c:RetainedEarningsAccumulatedLosses 2022-03-31 01354734 d:OrdinaryShareClass1 2022-04-01 2023-03-31 01354734 d:OrdinaryShareClass1 2023-03-31 01354734 d:OrdinaryShareClass1 2022-03-31 01354734 d:FRS102 2022-04-01 2023-03-31 01354734 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01354734 d:FullAccounts 2022-04-01 2023-03-31 01354734 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01354734 4 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01354734









EUROPA HOUSE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EUROPA HOUSE INVESTMENTS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9

 
EUROPA HOUSE INVESTMENTS LIMITED
REGISTERED NUMBER: 01354734

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,350,000
2,530,000

  
2,350,000
2,530,000

Current assets
  

Debtors: amounts falling due after more than one year
 5 
(20,755)
-

Debtors: amounts falling due within one year
 5 
66,000
54,064

Cash at bank and in hand
 6 
169,270
109,641

  
214,515
163,705

Creditors: amounts falling due within one year
 7 
(165,537)
(140,792)

Net current assets
  
 
 
48,978
 
 
22,913

Total assets less current liabilities
  
2,398,978
2,552,913

Creditors: amounts falling due after more than one year
 8 
(465,071)
(484,000)

  

Net assets
  
1,933,907
2,068,913


Capital and reserves
  

Called up share capital 
 10 
20,002
20,002

Share premium account
  
40
40

Profit and loss account
  
1,913,865
2,048,871

  
1,933,907
2,068,913

Page 1

 
EUROPA HOUSE INVESTMENTS LIMITED
REGISTERED NUMBER: 01354734
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 income and retained earnings 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 22 November 2023.




................................................
I Lomas
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Europa House Investments Limited is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England & Wales. The registration number is 01354734. The registered office is 21 Caledon Road, Beaconsfield, Buckinghamshire, HP9 2BX. 

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income is recognised in the period to which it relates.  

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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.

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers or by the directors, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings. 

 
2.8

Debtors

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.

 
2.9

Cash and cash equivalents

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.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of
Page 4

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are
Page 5

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 6

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
2,530,000


Loss on valuation
(180,000)



At 31 March 2023
2,350,000

The 2023 valuations were made by Duncan Bailey Kennedy, commercial property consultants, on an open market value for existing use basis.








5.


Debtors

2023
2022
£
£

Due after more than one year

Bad debt provision
(20,755)
-

(20,755)
-


2023
2022
£
£

Due within one year

Trade debtors
66,000
54,064

66,000
54,064


Page 7

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
169,270
109,641

169,270
109,641



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
22,000
24,711

Trade creditors
424
11,574

Amounts owed to group undertakings
-
535

Corporation tax
42,567
15,924

Other taxation and social security
9,658
8,249

Other creditors
28,124
26,384

Accruals and deferred income
62,764
53,415

165,537
140,792



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
465,071
484,000

465,071
484,000


Page 8

 
EUROPA HOUSE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
22,000
24,711


22,000
24,711


Amounts falling due 2-5 years

Bank loans
465,071
484,000


465,071
484,000


487,071
508,711


The bank loan of £487,071 (2022 : £508,711) is secured by a fixed and floating charge over all of the Company's assets.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



20,002 (2023 - 20,002) Ordinary shares of £1.00 each
20,002
20,002



11.


Related party transactions

At the year end date, included within the accruals and deferred income, is an amount of £2,000 (2022: £2,000) owed  to the directors by the company.


12.


Post balance sheet events

Post year end 400 ordinary shares of £1 each were repurchased by the company for an aggregate consideration of £19,602.

 
Page 9