IRIS Accounts Production v24.2.0.383 14736857 Board of Directors 17.3.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh147368572023-03-16147368572024-03-31147368572023-03-172024-03-31147368572023-03-1614736857ns15:EnglandWales2023-03-172024-03-3114736857ns14:PoundSterling2023-03-172024-03-3114736857ns10:Director12023-03-172024-03-3114736857ns10:PrivateLimitedCompanyLtd2023-03-172024-03-3114736857ns10:SmallEntities2023-03-172024-03-3114736857ns10:AuditExempt-NoAccountantsReport2023-03-172024-03-3114736857ns10:SmallCompaniesRegimeForDirectorsReport2023-03-172024-03-3114736857ns10:SmallCompaniesRegimeForAccounts2023-03-172024-03-3114736857ns10:AbridgedAccounts2023-03-172024-03-3114736857ns10:Director22023-03-172024-03-3114736857ns10:RegisteredOffice2023-03-172024-03-3114736857ns5:CurrentFinancialInstruments2024-03-3114736857ns5:Non-currentFinancialInstruments2024-03-3114736857ns5:ShareCapital2024-03-3114736857ns5:RetainedEarningsAccumulatedLosses2024-03-3114736857ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3114736857ns10:Director222023-03-1614736857ns10:Director222023-03-172024-03-3114736857ns10:Director222024-03-31147368571ns10:Director12023-03-16147368571ns10:Director12023-03-172024-03-31147368571ns10:Director12024-03-31
REGISTERED NUMBER: 14736857 (England and Wales)









WE ARE EASE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 MARCH 2023 TO 31 MARCH 2024






WE ARE EASE GROUP LIMITED (REGISTERED NUMBER: 14736857)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WE ARE EASE GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 17 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: A J Cook
D P Hollyman





REGISTERED OFFICE: 7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
PL7 5JX





REGISTERED NUMBER: 14736857 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

WE ARE EASE GROUP LIMITED (REGISTERED NUMBER: 14736857)

ABRIDGED BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investments 5 5,527,530

CURRENT ASSETS
Debtors 499,114

CREDITORS
Amounts falling due within one year 520,859
NET CURRENT LIABILITIES (21,745 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,505,785

CREDITORS
Amounts falling due after more than one year 6 5,500,000
NET ASSETS 5,785

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 5,685
5,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





D P Hollyman - Director


WE ARE EASE GROUP LIMITED (REGISTERED NUMBER: 14736857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

We Are Ease Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

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

Creditors
Short term creditors are measured at the transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 5,527,530
At 31 March 2024 5,527,530
NET BOOK VALUE
At 31 March 2024 5,527,530

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
£   
Repayable otherwise than by instalments
Preference shares 5,500,000

WE ARE EASE GROUP LIMITED (REGISTERED NUMBER: 14736857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 MARCH 2023 TO 31 MARCH 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024:

£   
A J Cook
Balance outstanding at start of period -
Amounts advanced 225,550
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 225,550

D P Hollyman
Balance outstanding at start of period -
Amounts advanced 273,494
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 273,494

Interest has been charged on overdrawn amounts at 2.25% in line with HMRC guidance.