Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-30true2023-09-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10939156 2023-09-01 2024-08-31 10939156 2022-09-01 2023-08-31 10939156 2024-08-31 10939156 2023-08-31 10939156 c:Director1 2023-09-01 2024-08-31 10939156 c:Director2 2023-09-01 2024-08-31 10939156 c:RegisteredOffice 2023-09-01 2024-08-31 10939156 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 10939156 d:FreeholdInvestmentProperty 2024-08-31 10939156 d:FreeholdInvestmentProperty 2023-08-31 10939156 d:CurrentFinancialInstruments 2024-08-31 10939156 d:CurrentFinancialInstruments 2023-08-31 10939156 d:Non-currentFinancialInstruments 2024-08-31 10939156 d:Non-currentFinancialInstruments 2023-08-31 10939156 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10939156 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10939156 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10939156 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10939156 d:ShareCapital 2024-08-31 10939156 d:ShareCapital 2023-08-31 10939156 d:RetainedEarningsAccumulatedLosses 2024-08-31 10939156 d:RetainedEarningsAccumulatedLosses 2023-08-31 10939156 c:FRS102 2023-09-01 2024-08-31 10939156 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10939156 c:FullAccounts 2023-09-01 2024-08-31 10939156 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10939156 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 10939156







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


EKONG HOLDINGS LIMITED






































img6606.png                        

 


EKONG HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
M A Ekong 
W Ekong 




Registered number
10939156



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


EKONG HOLDINGS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


EKONG HOLDINGS LIMITED
REGISTERED NUMBER:10939156



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
254,935
515,829

  
254,935
515,829

Current assets
  

Debtors: amounts falling due within one year
  
-
1,500

Cash at bank and in hand
  
564
753

  
564
2,253

Creditors: amounts falling due within one year
 6 
(17,518)
(15,690)

Net current liabilities
  
 
 
(16,954)
 
 
(13,437)

Total assets less current liabilities
  
237,981
502,392

Creditors: amounts falling due after more than one year
 7 
(406,958)
(538,422)

  

Net liabilities
  
(168,977)
(36,030)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(169,077)
(36,130)

  
(168,977)
(36,030)

Page 1

 


EKONG HOLDINGS LIMITED
REGISTERED NUMBER:10939156


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 income and retained earnings 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: 




................................................
M A Ekong
Director

Date: 30 May 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


EKONG HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Ekong Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound 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

The directors have undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a 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:

Revenue represents the total value of rents receivables from the letting of investment properties throughout thecourse of the year. Revenue is recognised as rents become due for payment to the company.

 
2.4

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 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 3

 


EKONG HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
515,829


Disposals
(260,894)



At 31 August 2024
254,935

Investment properties were valued at the reporting date by the directors of the company at an open market value. After consideration of the single disposal in the year, the directors do not consider there to be a material change in the valuation as at the reporting date.





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
1,500

-
1,500


Page 4

 


EKONG HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,058
5,857

Amounts owed to connected undertakings
7,080
6,683

Accruals and deferred income
4,380
3,150

17,518
15,690


The following liabilities were secured:

2024
2023
£
£



Bank loans
6,058
5,857

6,058
5,857

Details of security provided:

Bank loans are secured by way of charges over the investment properties of the company.

Page 5

 


EKONG HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
198,896
204,954

Other creditors
208,062
333,468

406,958
538,422


The following liabilities were secured:

2024
2023
£
£



Bank loans
198,896
204,954

198,896
204,954

Details of security provided:

Bank loans are secured by way of charges over the investment properties of the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2024
2023
£
£


Repayable by instalments
175,068
180,906

175,068
180,906




8.


Related party transactions

At the reporting date the company owed £208,062 (2023: £333,468) to the directors. The balance can be found within creditors due in more than one year and no interest is being charged on this.
At the reporting date the company owed £7,080 (2023: £6,683) to a connected undertaking. The balance can be found within creditors due in more than one year and no interest is being charged on this.

 
Page 6