Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31true12024-01-01No description of principal activityfalse1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13944266 2024-01-01 2024-12-31 13944266 2023-01-01 2023-12-31 13944266 2024-12-31 13944266 2023-12-31 13944266 c:Director1 2024-01-01 2024-12-31 13944266 d:CurrentFinancialInstruments 2024-12-31 13944266 d:CurrentFinancialInstruments 2023-12-31 13944266 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13944266 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13944266 d:ShareCapital 2024-12-31 13944266 d:ShareCapital 2023-12-31 13944266 d:RetainedEarningsAccumulatedLosses 2024-12-31 13944266 d:RetainedEarningsAccumulatedLosses 2023-12-31 13944266 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13944266 c:OrdinaryShareClass1 2024-12-31 13944266 c:OrdinaryShareClass1 2023-12-31 13944266 c:FRS102 2024-01-01 2024-12-31 13944266 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13944266 c:FullAccounts 2024-01-01 2024-12-31 13944266 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13944266 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13944266









ULUSOY RAILWAY SYSTEMS (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ULUSOY RAILWAY SYSTEMS (UK) LIMITED
REGISTERED NUMBER: 13944266

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
6,757
316

Creditors: amounts falling due within one year
 5 
(18,476)
(8,640)

Net current liabilities
  
 
 
(11,719)
 
 
(8,324)

Total assets less current liabilities
  
(11,719)
(8,324)

  

Net liabilities
  
(11,719)
(8,324)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(11,819)
(8,424)

Total equity
  
(11,719)
(8,324)


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 by: 




S Haskan
Director

Date: 4 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ULUSOY RAILWAY SYSTEMS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Ulusoy Railway Systems (UK) Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £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 following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved, as the company has the continued support of its parent and principal creditor. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

Page 2

 
ULUSOY RAILWAY SYSTEMS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

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. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.6

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees



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


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,757
316


Page 3

 
ULUSOY RAILWAY SYSTEMS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,836
-

Amounts owed to group undertakings
12,940
5,940

Accruals and deferred income
2,700
2,700

18,476
8,640



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



7.


Related party transactions

During the year the company received £7,000 (2023 - £4,780) from its parent company. As at the balance sheet date the company owed its parent £12,940 (2023 - £5,940).


8.


Controlling party

The parent company is Ulusoy Rayli Sistemler A.S., registered address Ani Evran Mahallesi Osb Mahallesi Oguz Cad. No:37/1 Sincan/Ankara, Turkey.
No consolidated financial statements are prepared.

 
Page 4