Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01trueHolding company11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14261105 2023-08-01 2024-07-31 14261105 2022-07-28 2023-07-31 14261105 2024-07-31 14261105 2023-07-31 14261105 c:Director1 2023-08-01 2024-07-31 14261105 d:CurrentFinancialInstruments 2024-07-31 14261105 d:CurrentFinancialInstruments 2023-07-31 14261105 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14261105 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14261105 d:ShareCapital 2024-07-31 14261105 d:ShareCapital 2023-07-31 14261105 d:RetainedEarningsAccumulatedLosses 2024-07-31 14261105 d:RetainedEarningsAccumulatedLosses 2023-07-31 14261105 c:FRS102 2023-08-01 2024-07-31 14261105 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14261105 c:FullAccounts 2023-08-01 2024-07-31 14261105 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14261105 6 2023-08-01 2024-07-31 14261105 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 14261105






ONE CENT GROUP LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










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ONE CENT GROUP LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ONE CENT GROUP LTD
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of One Cent Group Ltd for the year ended 31 July 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of One Cent Group Ltd in accordance with the terms of our engagement letter dated 29 July 2022Our work has been undertaken solely to prepare for your approval the financial statements of One Cent Group Ltd and state those matters that we have agreed to state to the director of One Cent Group Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One Cent Group Ltd and its director for our work or for this report. 

It is your duty to ensure that One Cent Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of One Cent Group Ltd. You consider that One Cent Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of One Cent Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Venthams
 
Chartered Accountants
  
Phoenix House
Redhill Aerodrome
Kings Mill Lane
Redhill
Surrey
RH1 5JY
22 October 2024
Page 1

 
ONE CENT GROUP LTD
REGISTERED NUMBER:14261105

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
250
77

  
250
77

Current assets
  

Debtors: amounts falling due within one year
 5 
235,101
26,539

Cash at bank and in hand
 6 
805
-

  
235,906
26,539

Creditors: amounts falling due within one year
 7 
(65,498)
(28,349)

Net current assets/(liabilities)
  
 
 
170,408
 
 
(1,810)

Total assets less current liabilities
  
170,658
(1,733)

  

Net assets/(liabilities)
  
170,658
(1,733)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
170,657
(1,734)

  
170,658
(1,733)


Page 2

 
ONE CENT GROUP LTD
REGISTERED NUMBER:14261105
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

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 22 October 2024.




Georgi Deninski
Director

Page 3

 
ONE CENT GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

One Cent Group Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 13a Gurdon Road, Charlton, London, SE7 7RN
The principal activity of the company is to act as the holding company of the shares in its underlying subsidiaries.

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

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.

 
2.3

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
ONE CENT GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 August 2023
77
-
77


Additions
-
173
173



At 31 July 2024
77
173
250





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
235,101
26,538

Other debtors
-
1

235,101
26,539



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
805
-

805
-


Page 5

 
ONE CENT GROUP LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
64,224
27,224

Other creditors
74
75

Accruals and deferred income
1,200
1,050

65,498
28,349


 
Page 6