Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-302022-04-11truefalseprovider of pawn services3true 14038120 2022-04-10 14038120 2022-04-11 2023-09-30 14038120 2021-10-01 2022-04-10 14038120 2023-09-30 14038120 c:Director2 2022-04-11 2023-09-30 14038120 d:CurrentFinancialInstruments 2023-09-30 14038120 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14038120 d:ShareCapital 2023-09-30 14038120 d:RetainedEarningsAccumulatedLosses 2023-09-30 14038120 c:FRS102 2022-04-11 2023-09-30 14038120 c:Audited 2022-04-11 2023-09-30 14038120 c:FullAccounts 2022-04-11 2023-09-30 14038120 c:PrivateLimitedCompanyLtd 2022-04-11 2023-09-30 14038120 c:SmallCompaniesRegimeForAccounts 2022-04-11 2023-09-30 14038120 e:PoundSterling 2022-04-11 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 14038120










EZCORP UK LIMITED










FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
EZCORP UK LIMITED
REGISTERED NUMBER: 14038120

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,558,068

Creditors: amounts falling due within one year
 5 
(1,260,282)

  

Net assets
  
297,786


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
296,786

  
297,786


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 on 10 April 2024.




E H Bryant
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
EZCORP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

EZCORP UK Limited is a private company limited by shares, incorporated in England and Wales (registered number: 14038120). Its registered office is 2 New Bailey, 6 Stanley Street, Salford, Greater Manchester, United Kingdom, M3 5GS. The principal activity of the entity is to provide administrative services within the United Kingdom.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
EZCORP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
EZCORP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Debtors

2023
£


Amounts owed by group undertakings
1,317,384

Called up share capital not paid
1,000

Deferred taxation
239,684

1,558,068


Page 4

 
EZCORP UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
270,698

Accruals and deferred income
989,584

1,260,282



6.


Controlling party

The ultimate controlling party is EZCORP, Inc. which is registered in the United States. Its registered office is 2500 Bee Cave Road, Building One, Suite 200, Rollingwood, Texas, 78746. EZCORP UK Limited is a 100% owned subsidiary of EZCORP International, Inc., which in turn is a 100% owned subsidiary of EZCORP Inc. 


7.


Auditors' information

The auditors' report on the financial statements for the period ended 30 September 2023 was unqualified.

The audit report was signed on 10 April 2024 by Howard Freeman (Senior Statutory Auditor) on behalf of Shorts.

 
Page 5