Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07272781 2023-01-01 2023-12-31 07272781 2022-01-01 2022-12-31 07272781 2023-12-31 07272781 2022-12-31 07272781 c:Director1 2023-01-01 2023-12-31 07272781 d:PlantMachinery 2023-01-01 2023-12-31 07272781 d:PlantMachinery 2023-12-31 07272781 d:PlantMachinery 2022-12-31 07272781 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07272781 d:CurrentFinancialInstruments 2023-12-31 07272781 d:CurrentFinancialInstruments 2022-12-31 07272781 d:Non-currentFinancialInstruments 2023-12-31 07272781 d:Non-currentFinancialInstruments 2022-12-31 07272781 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07272781 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07272781 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07272781 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07272781 d:ShareCapital 2023-12-31 07272781 d:ShareCapital 2022-12-31 07272781 d:RetainedEarningsAccumulatedLosses 2023-12-31 07272781 d:RetainedEarningsAccumulatedLosses 2022-12-31 07272781 c:FRS102 2023-01-01 2023-12-31 07272781 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07272781 c:FullAccounts 2023-01-01 2023-12-31 07272781 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07272781 2 2023-01-01 2023-12-31 07272781 6 2023-01-01 2023-12-31 07272781 e:Euro 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07272781









ECOERA INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ECOERA INVESTMENTS LTD
REGISTERED NUMBER: 07272781

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

Fixed assets
  

Tangible assets
 4 
23
47

Investments
 5 
2,014,864
2,014,864

  
2,014,887
2,014,911

Current assets
  

Debtors
 6 
282,152
185,925

Cash at bank and in hand
  
260,259
230,806

  
542,411
416,731

Creditors: amounts falling due within one year
 7 
(255,490)
(194,972)

Net current assets
  
 
 
286,921
 
 
221,759

Total assets less current liabilities
  
2,301,808
2,236,670

Creditors: amounts falling due after more than one year
 8 
(814,258)
(794,410)

  

Net assets
  
1,487,550
1,442,260


Capital and reserves
  

Called up share capital 
  
1,107
1,107

Profit and loss account
  
1,486,443
1,441,153

  
1,487,550
1,442,260


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 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 31 January 2025.
Page 1

 
ECOERA INVESTMENTS LTD
REGISTERED NUMBER: 07272781
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023





Alexandros Giannis
Director

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

Page 2

 
ECOERA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Ecoera Investments Ltd is a private limited company (limited by shares) incorporated in England and Wales. The address of the registered office is 2nd Floor, 55 Ludgate Hill, London, EC4M 7JW.
The principal activity of the company is that of a holding company which provides management and consulting services.
The average monthly number of employees, including directors, during the year was 1 (2022: 1).

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
The accounts are prepared in Euros. The exchange rate ruling at 31 December 2023 was:
£1 = €1.1534 (2021: £1 = €1.1293).

The following principal accounting policies have been applied:

 
2.2

Going concern

The director considers the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and the anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during that period.

Page 3

 
ECOERA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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:

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.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ECOERA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

 
2.9

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:

Plant and machinery
-
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.

 
2.10

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 Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 5

 
ECOERA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

  
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

2023
2022

Wages and salaries
20,139
19,807

Social security costs
1,336
1,390

21,475
21,197


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
ECOERA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery




Cost or valuation


At 1 January 2023
119



At 31 December 2023

119



Depreciation


At 1 January 2023
72


Charge for the year on owned assets
24



At 31 December 2023

96



Net book value



At 31 December 2023
23



At 31 December 2022
47


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Other fixed asset investments
Total




Cost or valuation


At 1 January 2023
1,533,034
474,080
7,750
2,014,864



At 31 December 2023
1,533,034
474,080
7,750
2,014,864





6.


Debtors

2023
2022

Due after more than one year

Amounts owed by group undertakings
82,500
43,000
Page 7

 
ECOERA INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.Debtors (continued)


82,500
43,000

Due within one year

Trade debtors
41,909
41,909

Amounts owed by connected companies
100,000
100,000

Other debtors
56,532
-

Prepayments and accrued income
1,211
1,016

282,152
185,925


The loans due from group undertakings and connected companies, which are interest bearing, are
presented at base cost and the directors believe that this base cost is a fair reflection of fair value.


7.


Creditors: Amounts falling due within one year

2023
2022

Trade creditors
1,483
4,133

Loans
168,099
104,862

Other taxation and social security
264
258

Other creditors
76,359
78,435

Accruals and deferred income
9,285
7,284

255,490
194,972


The loan due within one year is interest bearing and is presented at base cost. The director believes that
this base cost is a fair reflection of fair value.


8.


Creditors: Amounts falling due after more than one year

2023
2022

Loans
814,258
794,410

814,258
794,410


The loan due after more than one year is interest bearing and is presented at base cost. The director
believes that this base cost is a fair reflection of fair value.
This loan from Prezur Ltd, of €794,410, is due to be repaid by 26 April 2033.

 
Page 8