Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31truefalse2023-04-01falseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07150270 2023-04-01 2024-03-31 07150270 2022-04-01 2023-03-31 07150270 2024-03-31 07150270 2023-03-31 07150270 c:Director1 2023-04-01 2024-03-31 07150270 c:Director2 2023-04-01 2024-03-31 07150270 c:Director3 2023-04-01 2024-03-31 07150270 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 07150270 d:Buildings d:LongLeaseholdAssets 2024-03-31 07150270 d:Buildings d:LongLeaseholdAssets 2023-03-31 07150270 d:PlantMachinery 2023-04-01 2024-03-31 07150270 d:OfficeEquipment 2023-04-01 2024-03-31 07150270 d:OfficeEquipment 2024-03-31 07150270 d:OfficeEquipment 2023-03-31 07150270 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07150270 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07150270 d:CurrentFinancialInstruments 2024-03-31 07150270 d:CurrentFinancialInstruments 2023-03-31 07150270 d:Non-currentFinancialInstruments 2024-03-31 07150270 d:Non-currentFinancialInstruments 2023-03-31 07150270 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07150270 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07150270 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07150270 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07150270 d:ShareCapital 2024-03-31 07150270 d:ShareCapital 2023-03-31 07150270 d:RetainedEarningsAccumulatedLosses 2024-03-31 07150270 d:RetainedEarningsAccumulatedLosses 2023-03-31 07150270 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07150270 c:OrdinaryShareClass1 2024-03-31 07150270 c:OrdinaryShareClass1 2023-03-31 07150270 c:FRS102 2023-04-01 2024-03-31 07150270 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07150270 c:FullAccounts 2023-04-01 2024-03-31 07150270 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07150270 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07150270 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07150270 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07150270









EPSILON REAL ESTATE PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EPSILON REAL ESTATE PARTNERS LIMITED
REGISTERED NUMBER: 07150270

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,119
11,172

  
8,119
11,172

Current assets
  

Debtors: amounts falling due within one year
 5 
338,138
356,965

Cash at bank and in hand
  
55,470
26,549

  
393,608
383,514

Creditors: amounts falling due within one year
 6 
(447,567)
(323,223)

Net current (liabilities)/assets
  
 
 
(53,959)
 
 
60,291

Total assets less current liabilities
  
(45,840)
71,463

Creditors: amounts falling due after more than one year
 7 
(33,428)
(33,428)

Provisions for liabilities
  

Deferred tax
 8 
(2,029)
(2,793)

  
 
 
(2,029)
 
 
(2,793)

Net (liabilities)/assets
  
(81,297)
35,242


Capital and reserves
  

Called up share capital 
 9 
150
150

Profit and loss account
  
(81,447)
35,092

  
(81,297)
35,242


Page 1

 
EPSILON REAL ESTATE PARTNERS LIMITED
REGISTERED NUMBER: 07150270
    
STATEMENT OF FINANCIAL POSITION (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 by: 




................................................
D R Lister
................................................
R Hatter
Director
Director



................................................
P Shasha
Director





Date: 27 March 2025

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

Page 2

 
EPSILON REAL ESTATE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


Statutory information

Epsilon Real Estate Partners Limited is a private company, limited by shares and registered in England and Wales.  The company's registered office address is 2nd Floor East, 3 Barrett Street, London, W1U 1AY. The functional and presentational currency is pounds sterling.

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

Enter text here regarding going concern basis...

 
2.3

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.

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
EPSILON REAL ESTATE PARTNERS LIMITED
 
 
 
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 reporting 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 reporting 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 reporting date.


Page 4

 
EPSILON REAL ESTATE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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:

Leasehold improvements
-
20%
on cost
Office equipment
-
20%
on cost

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 
EPSILON REAL ESTATE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Leasehold improvements
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
35,043
54,771
89,814


Additions
-
856
856



At 31 March 2024

35,043
55,627
90,670



Depreciation


At 1 April 2023
26,911
51,730
78,641


Charge for the year on owned assets
2,688
1,222
3,910



At 31 March 2024

29,599
52,952
82,551



Net book value



At 31 March 2024
5,444
2,675
8,119



At 31 March 2023
8,132
3,040
11,172


5.


Debtors

2024
2023
£
£


Trade debtors
40,928
25,400

Other debtors
61,572
61,572

Prepayments and accrued income
233,854
269,993

Tax recoverable
1,784
-

338,138
356,965


Page 6

 
EPSILON REAL ESTATE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
70,799
41,136

Corporation tax
1,882
1,882

Other taxation and social security
8,616
9,217

Other creditors
361,520
261,738

Accruals and deferred income
4,750
9,250

447,567
323,223



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
33,428
33,428

33,428
33,428



8.


Deferred taxation




2024


£






At beginning of year
(2,793)


Charged to profit or loss
764



At end of year
(2,029)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,029)
(2,793)

(2,029)
(2,793)

Page 7

 
EPSILON REAL ESTATE PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



150 (2023 - 150) Ordinary shares of £1.00 each
150
150



10.


Related party transactions

Included within creditors are amounts totalling £347,188 (2023: £247,188) due to the directors and  related undertakings which are under the common control of one or more directors.  

 
Page 8