Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311false2023-01-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07567576 2023-01-01 2023-12-31 07567576 2022-01-01 2022-12-31 07567576 2023-12-31 07567576 2022-12-31 07567576 c:Director1 2023-01-01 2023-12-31 07567576 d:MotorVehicles 2023-01-01 2023-12-31 07567576 d:MotorVehicles 2023-12-31 07567576 d:MotorVehicles 2022-12-31 07567576 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07567576 d:CurrentFinancialInstruments 2023-12-31 07567576 d:CurrentFinancialInstruments 2022-12-31 07567576 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07567576 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07567576 d:ShareCapital 2023-12-31 07567576 d:ShareCapital 2022-12-31 07567576 d:RetainedEarningsAccumulatedLosses 2023-12-31 07567576 d:RetainedEarningsAccumulatedLosses 2022-12-31 07567576 c:FRS102 2023-01-01 2023-12-31 07567576 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07567576 c:FullAccounts 2023-01-01 2023-12-31 07567576 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07567576 d:Subsidiary1 2023-01-01 2023-12-31 07567576 d:Subsidiary1 1 2023-01-01 2023-12-31 07567576 2 2023-01-01 2023-12-31 07567576 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07567576









ERO SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ERO SOLUTIONS LIMITED
REGISTERED NUMBER: 07567576

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
63,392
-

Investments
 5 
1
1

  
63,393
1

Current assets
  

Current assets
  
3,970,425
3,419,425

  
3,970,425
3,419,425

Creditors: amounts falling due within one year
 7 
(8,225)
(3,001)

Net current assets
  
 
 
3,962,200
 
 
3,416,424

Total assets less current liabilities
  
4,025,593
3,416,425

  

Net assets
  
4,025,593
3,416,425


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,025,493
3,416,325

  
4,025,593
3,416,425


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 on 7 August 2024.



Page 1

 
ERO SOLUTIONS LIMITED
REGISTERED NUMBER: 07567576
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


Mr D Jaffe
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ERO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ERO Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07567576.  The registered office is Dunn's Hat Factory,106-110 Kentish Town Road,  London, NW1 9PX .  

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

Interest income

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

 
2.3

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:

Motor vehicles
-
25%

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.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value.

Page 3

 
ERO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.8

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.

  
2.9

Other operating income

Other operating income predominantly represents partnership income from Jaffe & Co LLP.


3.


Employees

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

Page 4

 
ERO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
69,950



At 31 December 2023

69,950



Depreciation


Charge for the year on owned assets
6,558



At 31 December 2023

6,558



Net book value



At 31 December 2023
63,392



At 31 December 2022
-

Page 5

 
ERO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1







The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Jaffe UK Services Ltd
Dunn's Hat Factory,106-110 Kentish Town Road, London NW1 9PX
Ordinary
100%


6.


Debtors

2023
2022
£
£


Trade debtors
623,122
310,467

Other debtors
1,127,283
776,598

1,750,405
1,087,065



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,224
-

Other creditors
1
1

Accruals and deferred income
3,000
3,000

8,225
3,001


Page 6

 
ERO SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Related party transactions

At the balance sheet date, the aggregate amount owed to Jaffe UK Services Ltd, a subsidiary to ERO Solutions Limited, amounted to £1 (2022 - £1).

Page 7