Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The principal activity continued to be that of asset holding2023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22truetrue 07324842 2023-02-01 2024-01-31 07324842 2022-02-01 2023-01-31 07324842 2024-01-31 07324842 2023-01-31 07324842 2022-02-01 07324842 c:Director1 2023-02-01 2024-01-31 07324842 d:FreeholdInvestmentProperty 2024-01-31 07324842 d:FreeholdInvestmentProperty 2023-01-31 07324842 d:CurrentFinancialInstruments 2024-01-31 07324842 d:CurrentFinancialInstruments 2023-01-31 07324842 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07324842 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07324842 d:ShareCapital 2023-02-01 2024-01-31 07324842 d:ShareCapital 2024-01-31 07324842 d:ShareCapital 2022-02-01 2023-01-31 07324842 d:ShareCapital 2023-01-31 07324842 d:ShareCapital 2022-02-01 07324842 d:RevaluationReserve 2023-02-01 2024-01-31 07324842 d:RevaluationReserve 2024-01-31 07324842 d:RevaluationReserve 2022-02-01 2023-01-31 07324842 d:RevaluationReserve 2023-01-31 07324842 d:RevaluationReserve 2022-02-01 07324842 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 07324842 d:RetainedEarningsAccumulatedLosses 2024-01-31 07324842 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 07324842 d:RetainedEarningsAccumulatedLosses 2023-01-31 07324842 d:RetainedEarningsAccumulatedLosses 2022-02-01 07324842 c:FRS102 2023-02-01 2024-01-31 07324842 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07324842 c:FullAccounts 2023-02-01 2024-01-31 07324842 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07324842 5 2023-02-01 2024-01-31 07324842 6 2023-02-01 2024-01-31 07324842 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07324842










EZY HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
EZY HOLDINGS LIMITED
REGISTERED NUMBER: 07324842

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
101
101

Investment property
 5 
1,061,855
1,061,855

  
1,061,956
1,061,956

Current assets
  

Debtors: amounts falling due within one year
 6 
4,156
3,868

Cash at bank and in hand
 7 
1,456,525
1,163,110

  
1,460,681
1,166,978

Creditors: amounts falling due within one year
 8 
(865,184)
(600,877)

Net current assets
  
 
 
595,497
 
 
566,101

Total assets less current liabilities
  
1,657,453
1,628,057

Provisions for liabilities
  

Deferred tax
  
(53,270)
(53,270)

  
 
 
(53,270)
 
 
(53,270)

Net assets
  
1,604,183
1,574,787


Capital and reserves
  

Called up share capital 
  
100
100

Other reserve
 9 
159,809
159,809

Profit and loss account
 9 
1,444,274
1,414,878

  
1,604,183
1,574,787


Page 1

 
EZY HOLDINGS LIMITED
REGISTERED NUMBER: 07324842
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 year 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 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 by: 




Adrian Smith
Director

Date: 30 September 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
EZY HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Other reserve
Profit and loss account
Total equity

£
£
£
£


At 1 February 2022
100
213,079
1,397,032
1,610,211



Profit for the year
-
-
145,376
145,376
Total comprehensive income for the year
-
-
145,376
145,376

Dividends: Equity capital
-
-
(180,800)
(180,800)

Transfer to/from profit and loss account
-
(53,270)
53,270
-



At 1 February 2023
100
159,809
1,414,878
1,574,787



Profit for the year
-
-
179,396
179,396
Total comprehensive income for the year
-
-
179,396
179,396

Dividends: Equity capital
-
-
(150,000)
(150,000)


At 31 January 2024
100
159,809
1,444,274
1,604,183


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
EZY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Ezy Holdings Limited is a private company limited by shares and registered in England and Wales. The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE. The company's registered number is 07324842.

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

Revenue

Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year 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 4

 
EZY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

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

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Page 5

 
EZY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
EZY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
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

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 February 2023
101



At 31 January 2024
101




Page 7

 
EZY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
1,061,855



At 31 January 2024
1,061,855

The 2024 valuations were made by the Directors.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
848,776
848,776


6.


Debtors

2024
2023
£
£


Other debtors
4,156
3,868



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,456,525
1,163,110


Page 8

 
EZY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
852,491
589,402

Corporation tax
4,042
4,199

Other creditors
3,625
3,250

Accruals and deferred income
5,026
4,026

865,184
600,877



9.


Reserves

Other reserve

The other reserve comprise the balance of revaluations relating to the investment property net of deferred tax on the gain.

Profit and loss account

The profit and loss account comprise the balance of profits accumulated over the life of the company.

 
Page 9