Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01Buying and selling of real estate.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false33falsetruefalse 06620337 2023-10-01 2024-09-30 06620337 2022-10-01 2023-09-30 06620337 2024-09-30 06620337 2023-09-30 06620337 c:Director2 2023-10-01 2024-09-30 06620337 c:Director3 2023-10-01 2024-09-30 06620337 d:CurrentFinancialInstruments 2024-09-30 06620337 d:CurrentFinancialInstruments 2023-09-30 06620337 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06620337 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06620337 d:ShareCapital 2024-09-30 06620337 d:ShareCapital 2023-09-30 06620337 d:RetainedEarningsAccumulatedLosses 2024-09-30 06620337 d:RetainedEarningsAccumulatedLosses 2023-09-30 06620337 c:FRS102 2023-10-01 2024-09-30 06620337 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06620337 c:FullAccounts 2023-10-01 2024-09-30 06620337 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06620337 6 2023-10-01 2024-09-30 06620337 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 06620337









PROPERTY ENTERPRISES FUNDUSZ LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PROPERTY ENTERPRISES FUNDUSZ LIMITED
REGISTERED NUMBER: 06620337

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
266,622
266,622

  
266,622
266,622

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,354

Cash at bank and in hand
 6 
6,042
6,042

  
6,042
7,396

Creditors: amounts falling due within one year
 7 
(501,857)
(498,317)

Net current liabilities
  
 
 
(495,815)
 
 
(490,921)

Total assets less current liabilities
  
(229,193)
(224,299)

  

Net liabilities
  
(229,193)
(224,299)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(229,293)
(224,399)

  
(229,193)
(224,299)


Page 1

 
PROPERTY ENTERPRISES FUNDUSZ LIMITED
REGISTERED NUMBER: 06620337
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 5 June 2025.




O B Tamary
E Houri
Director
Director

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

Page 2

 
PROPERTY ENTERPRISES FUNDUSZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Property Enterprises Fundusz Limited is a company limited by shares, incorporated in England and Wales.
The principal activity of the company was investment in an overseas property investment company.

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 consider that the company has sufficient funding for the foreseeable future in the form of director and connected party support.
The financial statements have therefore been prepared as a going concern on the basis that the company is expected to continue in operational existence for the foreseeable future.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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

Borrowing costs

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

Page 3

 
PROPERTY ENTERPRISES FUNDUSZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.6

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.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
PROPERTY ENTERPRISES FUNDUSZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 October 2023
266,622



At 30 September 2024
266,622




Page 5

 
PROPERTY ENTERPRISES FUNDUSZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
1,354

-
1,354


Included within other debtors is a balance totalling £1,354 (2023: 1,354) owed by a connected entity by virtue of shareholdings.  Whilst the debt is not deemed doubtful (and so has not been provided for) there is a possibility that the debt may not be recovered.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,042
6,042

6,042
6,042



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
500,057
496,517

Other creditors
1,800
1,800

501,857
498,317



8.


Related party transactions

At the balance sheet date the company owed £500,057 (2023: £496,517) to companies under common directorship. Interest was payable on these balances during the year totalling £nil (2023: £nil).
At the balance sheet date the company was owed £nil (2023: £1,354) by its associates. Interest was receivable during the year totalling £nil (2023: £nil).

 
Page 6