Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22truetruefalse 06877099 2023-04-01 2024-03-31 06877099 2022-04-01 2023-03-31 06877099 2024-03-31 06877099 2023-03-31 06877099 c:Director1 2023-04-01 2024-03-31 06877099 c:Director2 2023-04-01 2024-03-31 06877099 d:CurrentFinancialInstruments 2024-03-31 06877099 d:CurrentFinancialInstruments 2023-03-31 06877099 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06877099 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06877099 d:ShareCapital 2024-03-31 06877099 d:ShareCapital 2023-03-31 06877099 d:RetainedEarningsAccumulatedLosses 2024-03-31 06877099 d:RetainedEarningsAccumulatedLosses 2023-03-31 06877099 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06877099 c:OrdinaryShareClass1 2024-03-31 06877099 c:OrdinaryShareClass1 2023-03-31 06877099 c:OrdinaryShareClass2 2023-04-01 2024-03-31 06877099 c:OrdinaryShareClass2 2024-03-31 06877099 c:OrdinaryShareClass2 2023-03-31 06877099 c:OrdinaryShareClass3 2023-04-01 2024-03-31 06877099 c:OrdinaryShareClass3 2024-03-31 06877099 c:OrdinaryShareClass3 2023-03-31 06877099 c:OrdinaryShareClass4 2023-04-01 2024-03-31 06877099 c:OrdinaryShareClass4 2024-03-31 06877099 c:OrdinaryShareClass4 2023-03-31 06877099 c:OrdinaryShareClass5 2023-04-01 2024-03-31 06877099 c:OrdinaryShareClass5 2024-03-31 06877099 c:OrdinaryShareClass5 2023-03-31 06877099 c:FRS102 2023-04-01 2024-03-31 06877099 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06877099 c:FullAccounts 2023-04-01 2024-03-31 06877099 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06877099 d:Subsidiary1 2023-04-01 2024-03-31 06877099 d:Subsidiary1 1 2023-04-01 2024-03-31 06877099 6 2023-04-01 2024-03-31 06877099 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06877099









ONE STOP FINANCE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ONE STOP FINANCE GROUP LIMITED
REGISTERED NUMBER: 06877099

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
27,238
-

Cash at bank and in hand
 6 
4,272
39,666

  
31,510
39,666

Creditors: amounts falling due within one year
 7 
(6,042)
(16,232)

Net current assets
  
 
 
25,468
 
 
23,434

Total assets less current liabilities
  
25,469
23,435

  

Net assets
  
25,469
23,435


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
24,469
22,435

  
25,469
23,435


Page 1

 
ONE STOP FINANCE GROUP LIMITED
REGISTERED NUMBER: 06877099
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 income and retained earnings 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 16 October 2024.




................................................
M Rolle
................................................
S Burkin
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ONE STOP FINANCE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

One Stop Finance Group Limited is a private company limited by shares. The company is incorporated in England & Wales and its trading address is Elywood House, 42 Lytton Road, New Barnet, Herts, EN5 5BY. The registered number is 06877099.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ONE STOP FINANCE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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 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.

 
2.4

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 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, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
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. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ONE STOP FINANCE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

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.



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. 



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. 

 
2.9

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).

Page 5

 
ONE STOP FINANCE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1



At 31 March 2024
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

One Stop Finance Limited
Aston House, Cornwall Avenue, London N3 1LF
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

One Stop Finance Limited
180,245
12,841


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
27,238
-

27,238
-


Page 6

 
ONE STOP FINANCE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,272
39,666

4,272
39,666



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
10,682

Corporation tax
477
235

Accruals and deferred income
5,565
5,315

6,042
16,232



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



447 (2023 - 447) A Ordinary shares of £1.00 each
447
447
1 (2023 - 1) B Ordinary share of £1.00
1
1
1 (2023 - 1) C Ordinary share of £1.00
1
1
1 (2023 - 1) D Ordinary share of £1.00
1
1
447 (2023 - 447) E Ordinary shares of £1.00 each
447
447
1 (2023 - 1) F Ordinary share of £1.00
1
1
1 (2023 - 1) G Ordinary share of £1.00
1
1
1 (2023 - 1) H Ordinary share of £1.00
1
1
100 (2023 - 100) I Ordinary shares of £1.00 each
100
100

1,000

1,000



9.


Transactions with directors

During the year, dividends of £24,223 (2023: £50,501) were paid to the directors of the company.
 

Page 7

 
ONE STOP FINANCE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Related party transactions

At the balance sheet date, an amount of £27,238 (2023: £Nil) was owed from One Stop Finance Limited, a wholly owned subsidiary. This loan is unsecured, interest free and there are no set repayment terms.
During the year, dividends totalling £24,223 (2023: £50,501) were received from One Stop Finance Limited, a wholly owned subsidiary. 






 
Page 8