Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse12023-04-01falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09519191 2023-04-01 2024-03-31 09519191 2022-04-01 2023-03-31 09519191 2024-03-31 09519191 2023-03-31 09519191 c:Director2 2023-04-01 2024-03-31 09519191 d:FurnitureFittings 2023-04-01 2024-03-31 09519191 d:FurnitureFittings 2024-03-31 09519191 d:FurnitureFittings 2023-03-31 09519191 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09519191 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 09519191 d:FreeholdInvestmentProperty 2024-03-31 09519191 d:FreeholdInvestmentProperty 2023-03-31 09519191 d:CurrentFinancialInstruments 2024-03-31 09519191 d:CurrentFinancialInstruments 2023-03-31 09519191 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09519191 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09519191 d:ShareCapital 2024-03-31 09519191 d:ShareCapital 2023-03-31 09519191 d:InvestmentPropertiesRevaluationReserve 2024-03-31 09519191 d:InvestmentPropertiesRevaluationReserve 2023-03-31 09519191 d:RetainedEarningsAccumulatedLosses 2024-03-31 09519191 d:RetainedEarningsAccumulatedLosses 2023-03-31 09519191 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09519191 c:OrdinaryShareClass1 2024-03-31 09519191 c:OrdinaryShareClass1 2023-03-31 09519191 c:FRS102 2023-04-01 2024-03-31 09519191 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09519191 c:FullAccounts 2023-04-01 2024-03-31 09519191 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09519191 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09519191 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09519191 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09519191









T&S OZDEMIR LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
T&S OZDEMIR LTD
REGISTERED NUMBER: 09519191

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
255
355

Investment property
 5 
1,485,214
225,000

  
1,485,469
225,355

Current assets
  

Debtors: amounts falling due within one year
 6 
750
-

Cash at bank and in hand
 7 
5,778
5,514

  
6,528
5,514

Creditors: amounts falling due within one year
 8 
(1,444,548)
(173,540)

Net current liabilities
  
 
 
(1,438,020)
 
 
(168,026)

Total assets less current liabilities
  
47,449
57,329

Provisions for liabilities
  

Deferred tax
 9 
(4,143)
(4,143)

  
 
 
(4,143)
 
 
(4,143)

Net assets
  
43,306
53,186


Capital and reserves
  

Called up share capital 
 10 
100
100

Investment property reserve
  
12,429
12,429

Profit and loss account
  
30,777
40,657

  
43,306
53,186

Page 1

 
T&S OZDEMIR LTD
REGISTERED NUMBER: 09519191
    
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 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 on 18 November 2024.




Tanser Ozdemir
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
T&S OZDEMIR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

T&S Ozdemir Ltd is limited by share capital, incorporated in England and Wales, company registration number 09519191 the address of the registered office is 40 Springfield Avenue, London SW20 9JX.

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:

Rental income
Rent is recorded over the period in which it relates to.

 
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

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
T&S OZDEMIR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
T&S OZDEMIR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by  the Directors 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 the Statement of Comprehensive Income.

 
2.8

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.

 
2.9

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. 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.

 
2.10

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.

 
2.11

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

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 - 1).

Page 5

 
T&S OZDEMIR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
499



At 31 March 2024

499



Depreciation


At 1 April 2023
144


Charge for the year on owned assets
100



At 31 March 2024

244



Net book value



At 31 March 2024
255



At 31 March 2023
355


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
225,000


Additions at cost
1,260,214



At 31 March 2024
1,485,214

The 2024 valuations were made by the Directors, on a fair value basis.





6.


Debtors

2024
2023
£
£


Other debtors
750
-
Page 6

 
T&S OZDEMIR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.Debtors (continued)


750
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,778
5,514

5,778
5,514



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
13,332
-

Corporation tax
-
2,412

Other taxation and social security
580
-

Other creditors
1,416,686
170,408

Accruals and deferred income
13,950
720

1,444,548
173,540



9.


Deferred taxation




2024


£






At beginning of year
(4,143)



At end of year
(4,143)

Page 7

 
T&S OZDEMIR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements on investment properties
(4,143)
(4,143)

(4,143)
(4,143)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within Other Creditors at the year end are total loans of £1,416,566 (2023: £170,409) due to the company's shareholders. The loans are unsecured, free of interest and repayable on demand.

 
Page 8