Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false2truefalse 11933754 2022-04-01 2023-03-31 11933754 2021-04-01 2022-03-31 11933754 2023-03-31 11933754 2022-03-31 11933754 c:Director1 2022-04-01 2023-03-31 11933754 d:ComputerEquipment 2022-04-01 2023-03-31 11933754 d:ComputerEquipment 2023-03-31 11933754 d:ComputerEquipment 2022-03-31 11933754 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 11933754 d:CurrentFinancialInstruments 2023-03-31 11933754 d:CurrentFinancialInstruments 2022-03-31 11933754 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11933754 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11933754 d:ShareCapital 2023-03-31 11933754 d:ShareCapital 2022-03-31 11933754 d:RetainedEarningsAccumulatedLosses 2023-03-31 11933754 d:RetainedEarningsAccumulatedLosses 2022-03-31 11933754 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11933754 c:OrdinaryShareClass1 2023-03-31 11933754 c:OrdinaryShareClass1 2022-03-31 11933754 c:FRS102 2022-04-01 2023-03-31 11933754 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11933754 c:FullAccounts 2022-04-01 2023-03-31 11933754 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11933754 d:Subsidiary1 2022-04-01 2023-03-31 11933754 d:Subsidiary1 1 2022-04-01 2023-03-31 11933754 d:Subsidiary2 2022-04-01 2023-03-31 11933754 d:Subsidiary2 1 2022-04-01 2023-03-31 11933754 d:Subsidiary3 2022-04-01 2023-03-31 11933754 d:Subsidiary3 1 2022-04-01 2023-03-31 11933754 d:Subsidiary4 2022-04-01 2023-03-31 11933754 d:Subsidiary4 1 2022-04-01 2023-03-31 11933754 d:Subsidiary5 2022-04-01 2023-03-31 11933754 d:Subsidiary5 1 2022-04-01 2023-03-31 11933754 2 2022-04-01 2023-03-31 11933754 6 2022-04-01 2023-03-31 11933754 d:Associate1 2022-04-01 2023-03-31 11933754 d:Associate1 1 2022-04-01 2023-03-31 11933754 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11933754














EEP GROUP HOLDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
EEP GROUP HOLDINGS LIMITED
 

CONTENTS



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


 
EEP GROUP HOLDINGS LIMITED
REGISTERED NUMBER:11933754

BALANCE SHEET
AS AT 31 MARCH 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
800
2,799

Investments
 5 
550
41,210,892

  
1,350
41,213,691

Current assets
  

Debtors: amounts falling due within one year
 6 
98,687,489
56,986,775

Cash at bank and in hand
 7 
758,500
2,308,464

  
99,445,989
59,295,239

Creditors: amounts falling due within one year
 8 
(20,245,053)
(20,252,609)

Net current assets
  
 
 
79,200,936
 
 
39,042,630

Total assets less current liabilities
  
79,202,286
80,256,321

  

Net assets
  
79,202,286
80,256,321


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
79,202,186
80,256,221

  
79,202,286
80,256,321


1

 
EEP GROUP HOLDINGS LIMITED
REGISTERED NUMBER:11933754
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges his 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 by: 




E E C Pickering
Director

Date: 26 March 2024

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

2

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

EEP Group Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11933754. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financail statements therefore present information about the company as an individual undertaking and not about its group. 
The company's functional and presentational currency is pound sterling.
 
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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 corporation 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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

4

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

 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.

 
2.11

 Creditors

Short-term creditors are measured at the transaction price.

 
2.12

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.13

 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

2023
2022
£
£

Wages and salaries
88,700
13,003

Social security costs
5,393
574

Cost of defined contribution scheme
660
31,920

94,753
45,497


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

5

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 April 2022
5,998



At 31 March 2023

5,998



Depreciation


At 1 April 2022
3,199


Charge for the year
1,999



At 31 March 2023

5,198



Net book value



At 31 March 2023
800



At 31 March 2022
2,799


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Other investments
Total

£
£
£
£



Cost or valuation


At 1 April 2022 (as previously stated)
-
-
41,210,392
41,210,392


Prior year adjustment

500
-
-
500


At 1 April 2022 (as restated)
500
-
41,210,392
41,210,892


Additions
-
50
-
50


Disposals
-
-
(2,286,910)
(2,286,910)


Transfers intra group
-
-
(38,923,482)
(38,923,482)



At 31 March 2023
500
50
-
550




6

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Registered office

Principal activity

Class of shares

Holding

EEP Invests Limited
United Kingdom
Investing in high-value assets for capital appreciation purposes
Ordinary
100%
EEP Capital Limited
United Kingdom
Financial investment and management
Ordinary
100%
EEP Developments Limited
United Kingdom
Acquisition and development of land and buildings projects for onwards rental and sale.
Ordinary
100%
EEP Residentials Limited
United Kingdom
Acquisition, development and management of commercial and residential properties
Ordinary
100%
EEP Racing Limited
United Kingdom
Car racing and relating activities with a view ofpromoting the interests of the EEP Group
Ordinary
100%


Associate


The following was an associate of the company:


Name

Registered office

Class of shares

Holding

Tanglewood Residencies Ltd
United Kingdom
Ordinary
50%


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
85,897,063
51,356,795

Amounts owed by associated undertakings
1,873,392
-

Other debtors
9,176,853
5,629,980

Tax recoverable
1,740,181
-

98,687,489
56,986,775


7

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
758,500
2,308,464



8.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Corporation tax
-
38,077

Other creditors
20,034,553
20,006,531

Accruals and deferred income
210,500
208,001

20,245,053
20,252,609



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Prior year adjustment

The fixed asset investment for an amount of £500 was omitted to record in the prior year accounts. The comparatives in the accounts have therefore been adjusted to present the investment and director's loan correctly. It has had no impact on the profit and loss account nor the corporation tax.


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £660 (2022 - £31,920). Contributions totalling £1,284 (2022 - £Nil) were payable to the fund at the balance sheet date.

8

 
EEP GROUP HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 section 1A paragraph 1AC.35.
At the year end is an amount of £1,873,392 (2022 - £Nil) owed from an associated undertaking. The loan is interest free and repayable on demand.
Included within other debtors at the year end is an amount of £5,156,093 (2022 restated - £4,533 due to) due from the director of the company. The loan is interest free and repayable on demand.
Included within other debtors is a balance of £1,900,000 (2022 - £1,750,000) due from a company wholly owned by the director's close family member. The loan is interest free and repayable on demand.
Included within other debtors is a balance of £30,000 (2022 - £Nil) due from a close family member of the director. The loan is interest free and repayable on demand.

 
9