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REGISTERED NUMBER: 07058999 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ONE SQUARE ADVISORS LIMITED

ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ONE SQUARE ADVISORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr R G W Waschkuhn





REGISTERED OFFICE: Green Park House
15 Stratton Street
London
W1J 8LQ





REGISTERED NUMBER: 07058999 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Ltd
Chartered Certified Accountants
Statutory Auditor
264 Banbury Road
Oxford
OX2 7DY

ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
as restated
Notes €    €    €    €   
FIXED ASSETS
Property, plant and equipment 4 16,824 18,030

CURRENT ASSETS
Debtors 5 409,197 335,069
Cash at bank 92,552 98,106
501,749 433,175
CREDITORS
Amounts falling due within one year 6 202,803 225,484
NET CURRENT ASSETS 298,946 207,691
TOTAL ASSETS LESS CURRENT LIABILITIES 315,770 225,721

CREDITORS
Amounts falling due after more than one
year

7

-

(19,667

)

PROVISIONS FOR LIABILITIES (4,288 ) (3,622 )
NET ASSETS 311,482 202,432

CAPITAL AND RESERVES
Called up share capital 8 116,426 114,055
Retained earnings 195,056 88,377
SHAREHOLDERS' FUNDS 311,482 202,432

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 director and authorised for issue on 28 March 2024 and were signed by:





Mr R G W Waschkuhn - Director


ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

One Square Advisors Limited 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.

Significant judgements and estimates
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 experiences 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
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 statement, 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.

Taxation
Taxation for the year 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 statement of financial position date.


ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
€    €    €    €   
COST
At 1 January 2023 171 33,025 5,543 38,739
Additions - - 3,630 3,630
Disposals - - (3,488 ) (3,488 )
Exchange differences 4 1,419 122 1,545
At 31 December 2023 175 34,444 5,807 40,426
DEPRECIATION
At 1 January 2023 7 17,449 3,253 20,709
Charge for year 42 4,238 1,434 5,714
Eliminated on disposal - - (2,938 ) (2,938 )
Exchange differences - 42 75 117
At 31 December 2023 49 21,729 1,824 23,602
NET BOOK VALUE
At 31 December 2023 126 12,715 3,983 16,824
At 31 December 2022 164 15,576 2,290 18,030

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
€   
COST
At 1 January 2023 33,025
Exchange differences 1,419
At 31 December 2023 34,444
DEPRECIATION
At 1 January 2023 17,449
Charge for year 4,238
Exchange differences 42
At 31 December 2023 21,729
NET BOOK VALUE
At 31 December 2023 12,715
At 31 December 2022 15,576

Hire purchase agreements are secured by the assets to which they relate.

ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
€    €   
Trade debtors 381,599 299,494
Other debtors 15,651 12,167
Tax - 12,341
VAT 6,443 6,568
Prepayments 5,504 4,499
409,197 335,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
€    €   
Hire purchase contracts 20,076 5,475
Trade creditors 26,638 14,406
Corporation tax 16,903 -
Social security and other taxes 4,890 4,451
Other creditors 789 88,291
Accruals and deferred income 133,507 112,861
202,803 225,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
€    €   
Hire purchase contracts - 19,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
€    €   
100,994 Ordinary £1 116,426 114,055

Any movement in share capital values year on year are solely down to the differing exchange rates used at the year end to present the accounts.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicola Fox (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Ltd

ONE SQUARE ADVISORS LIMITED (REGISTERED NUMBER: 07058999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. OTHER FINANCIAL COMMITMENTS

The lease agreement for rent gives a minimum notice period of three months. Lease commitment €18,630 (2022: €18,251).

11. RELATED PARTY DISCLOSURES

The following balances existed with related parties at 31 December 2023;
Amounts owed by One Square Advisors GmbH in respect of fees receivable, included in trade debtors- €381,599 (2022: €299,494).

The following transactions took place in the year with related parties;
Fees received from parent company - €630,633 (2022: €712,774)

Included in Other creditors is the balance of NIL (2022: €87,600) owed to One Square Treuhand GmbH.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is One Square Advisors GmbH.

13. PRESENTATION CURRENCY

The accounts are presented in Euros because the parent company is registered in Germany and presents its' accounts in that currency. The functional currency of the company is Sterling. The closing rate used at the year end to convert the assets and liabilities into Euro was 1.1528. The average rate used at the year end to convert the statement of profit or loss into Euro was 1.1495. Resulting exchange differences are recognised as other comprehensive income.

14. NON-DISTRIBUTABLE RESERVES

Reserves includes non-distributable reserves of £10,707 from the presentational currency translation.

15. PRIOR YEAR ADJUSTMENT

In preparing the financial statements for the year ended 31/12/2023 it was identified that bonus accruals were omitted from 2022 and 2021 financial statements.

The impact of this was accruals were understated by €112,861 and €273,734 at 31/12/2022 and 31/12/2021 respectively. In restating the cost of sales increased in 31/12/2022 and 31/12/2021.

The impact of this was Retained Earnings have been overstated in prior years. The comparatives including the brought forward Retained Earnings from 2021 have been restated accordingly.