Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302022-04-2603falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueHolding Companytrue 14070562 2022-04-25 14070562 2022-04-26 2023-04-30 14070562 2021-04-26 2022-04-25 14070562 2023-04-30 14070562 c:Director1 2022-04-26 2023-04-30 14070562 c:Director1 2023-04-30 14070562 c:Director2 2022-04-26 2023-04-30 14070562 c:Director2 2023-04-30 14070562 c:Director3 2022-04-26 2023-04-30 14070562 c:Director3 2023-04-30 14070562 c:RegisteredOffice 2022-04-26 2023-04-30 14070562 d:CurrentFinancialInstruments 2023-04-30 14070562 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14070562 d:ShareCapital 2023-04-30 14070562 d:RetainedEarningsAccumulatedLosses 2023-04-30 14070562 c:OrdinaryShareClass1 2022-04-26 2023-04-30 14070562 c:OrdinaryShareClass1 2023-04-30 14070562 c:OrdinaryShareClass2 2022-04-26 2023-04-30 14070562 c:OrdinaryShareClass2 2023-04-30 14070562 c:OrdinaryShareClass3 2022-04-26 2023-04-30 14070562 c:OrdinaryShareClass3 2023-04-30 14070562 c:FRS102 2022-04-26 2023-04-30 14070562 c:AuditExempt-NoAccountantsReport 2022-04-26 2023-04-30 14070562 c:FullAccounts 2022-04-26 2023-04-30 14070562 c:PrivateLimitedCompanyLtd 2022-04-26 2023-04-30 14070562 6 2022-04-26 2023-04-30 14070562 e:PoundSterling 2022-04-26 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14070562










EFS CAPITAL HOLDING LTD
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023



















img1b85.png

 
EFS CAPITAL HOLDING LTD
 
 
Company Information


Directors
G W Alberts (appointed 23 August 2022)
M F X Bourgade (appointed 23 August 2022)
V Menot (appointed 26 April 2022)




Registered number
14070562



Registered office
128 City Road

London

EC1V 2NX




Accountants
Sayers Butterworth LLP
Chartered Accountants

3rd Floor

12 Gough Square

London

EC4A 3DW





 
EFS CAPITAL HOLDING LTD
Registered number: 14070562

Balance Sheet
As at 30 April 2023

2023
Note
£

Fixed assets
  

Investments
  
824

  
824

Current assets
  

Debtors: amounts falling due within one year
 5 
7,935

Cash at bank and in hand
 6 
9

  
7,944

Creditors: amounts falling due within one year
 7 
(21,579)

Net current (liabilities)/assets
  
 
 
(13,635)

Total assets less current liabilities
  
(12,811)

  

Net (liabilities)/assets
  
(12,811)


Capital and reserves
  

Called up share capital 
  
4

Profit and loss account
  
(12,815)

  
(12,811)


Page 1

 
EFS CAPITAL HOLDING LTD
Registered number: 14070562
    
Balance Sheet (continued)
As at 30 April 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 period 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 profit and loss account 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 18 April 2024.




V Menot
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EFS CAPITAL HOLDING LTD
 
 
 
Notes to the Financial Statements
For the Period Ended 30 April 2023

1.


General information

EFS Capital Holding Ltd is a private limited company incorporated in the United Kingdon and registered in England & Wales. The company's registered office is 128 City Road, London, EC1V 2NX. The company was incorporated on 26 April 2022 and these financial statements are for the period to 30 April 2023. The company's principal activity is that of a holding company.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Page 3

 
EFS CAPITAL HOLDING LTD
 
 
 
Notes to the Financial Statements
For the Period Ended 30 April 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




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

Page 4

 
EFS CAPITAL HOLDING LTD
 
 
 
Notes to the Financial Statements
For the Period Ended 30 April 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
824



At 30 April 2023
824





5.


Debtors

2023
£


Amounts owed by group undertakings
7,935

7,935



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
9

9



7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
19,779

Accruals and deferred income
1,800

21,579


Page 5

 
EFS CAPITAL HOLDING LTD
 
 
 
Notes to the Financial Statements
For the Period Ended 30 April 2023

8.


Share capital

2023
£
Allotted, called up and fully paid


10,000 Ordinary A shares of £0.0001 each
1
10,000 Ordinary B shares of £0.0001 each
1
20,000 Ordinary C shares of £0.0001 each
2

4


During the year, the above three classes of shares were issued for a consideration of £4 in total. 


9.


Related party transactions

Where possible the company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.

 
Page 6