Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 July 2021 false 14 August 2024 1 January 2023 31 December 2023 31 December 2023 03545251 A Rosenzweig O Sinai A Rosenzweig Hopon Mobility (UK) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03545251 2022-12-31 03545251 2023-12-31 03545251 2023-01-01 2023-12-31 03545251 frs-core:CurrentFinancialInstruments 2023-12-31 03545251 frs-core:CapitalRedemptionReserve 2023-12-31 03545251 frs-core:ShareCapital 2023-12-31 03545251 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03545251 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03545251 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03545251 frs-bus:SmallEntities 2023-01-01 2023-12-31 03545251 frs-bus:Audited 2023-01-01 2023-12-31 03545251 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03545251 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03545251 frs-bus:OrdinaryShareClass1 2023-12-31 03545251 1 2023-01-01 2023-12-31 03545251 frs-core:CostValuation 2022-12-31 03545251 frs-core:CostValuation 2023-12-31 03545251 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 03545251 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 03545251 frs-bus:Director1 2023-01-01 2023-12-31 03545251 frs-bus:Director2 2023-01-01 2023-12-31 03545251 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03545251 frs-countries:EnglandWales 2023-01-01 2023-12-31 03545251 2021-06-30 03545251 2022-12-31 03545251 2021-07-01 2022-12-31 03545251 frs-core:CurrentFinancialInstruments 2022-12-31 03545251 frs-core:CapitalRedemptionReserve 2022-12-31 03545251 frs-core:ShareCapital 2022-12-31 03545251 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03545251 frs-bus:OrdinaryShareClass1 2021-07-01 2022-12-31
Registered number: 03545251
ECR Group Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors A Rosenzweig
O Sinai
Secretary A Rosenzweig
Company Number 03545251
Registered Office Church House
Church Lane
Kings Langley
Hertfordshire
WD4 8JP
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Auditors SAS Audit Limited
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Statement of Financial Position
Registered number: 03545251
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 600,000 600,000
600,000 600,000
CURRENT ASSETS
Debtors 5 158,490 158,490
Cash at bank and in hand - 1
158,490 158,491
Creditors: Amounts Falling Due Within One Year 6 (2,000 ) (1,000 )
NET CURRENT ASSETS (LIABILITIES) 156,490 157,491
TOTAL ASSETS LESS CURRENT LIABILITIES 756,490 757,491
NET ASSETS 756,490 757,491
CAPITAL AND RESERVES
Called up share capital 7 950 950
Capital redemption reserve 756,259 756,259
Income Statement (719 ) 282
SHAREHOLDERS' FUNDS 756,490 757,491
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
A Rosenzweig
Director
14/08/2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ECR Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03545251 . The registered office is Church House, Church Lane, Kings Langley, Hertfordshire, WD4 8JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the director is 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 experience 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.
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost. Where investments in nonconvertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
...CONTINUED
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2.4. Financial Instruments - continued
All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment.
Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 6)
2 6
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4. Investments
Other
£
Cost
As at 1 January 2023 600,000
As at 31 December 2023 600,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 600,000
As at 1 January 2023 600,000
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Amounts owed by group undertakings 158,490 158,490
158,490 158,490
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Accruals and deferred income 2,000 1,000
2,000 1,000
7. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
950 Ordinary Shares of £ 1.00 each 950 950
8. Related Party Transactions
Included in debtors is a balance of £158,490 (2022: £158,490) was owed by ECR Solutions Limited, the subsidiary of ECR Group Limited.
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9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Ultimate Controlling Party
The ultimate parent company is Hopon Mobility Limited, a company registered in Israel. There is no ultimate controlling party.
ECR Group Limited is a wholly owned subsidiary of Hopon Mobility (UK) Limited which prepares consolidated accounts including this company.
The registered office of Hopon Mobility Limited is Ramat Gan HaYetsira 3, 5252141, Tel Aviv, Israel.
11. Audit Information
The auditors report on the account of ECR Group Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Khushil Gokani FCA (Senior Statutory Auditor) for and on behalf of SAS Audit Limited , Statutory Auditor
SAS Audit Limited
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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