Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30No description of principal activity2023-10-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05928169 2023-10-01 2024-09-30 05928169 2022-10-01 2023-09-30 05928169 2024-09-30 05928169 2023-09-30 05928169 c:Director1 2023-10-01 2024-09-30 05928169 d:FurnitureFittings 2023-10-01 2024-09-30 05928169 d:FurnitureFittings 2024-09-30 05928169 d:FurnitureFittings 2023-09-30 05928169 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05928169 d:FreeholdInvestmentProperty 2024-09-30 05928169 d:FreeholdInvestmentProperty 2023-09-30 05928169 d:CurrentFinancialInstruments 2024-09-30 05928169 d:CurrentFinancialInstruments 2023-09-30 05928169 d:Non-currentFinancialInstruments 2024-09-30 05928169 d:Non-currentFinancialInstruments 2023-09-30 05928169 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05928169 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05928169 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05928169 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05928169 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05928169 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05928169 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05928169 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05928169 d:ShareCapital 2024-09-30 05928169 d:ShareCapital 2023-09-30 05928169 d:InvestmentPropertiesRevaluationReserve 2024-09-30 05928169 d:InvestmentPropertiesRevaluationReserve 2023-09-30 05928169 d:RetainedEarningsAccumulatedLosses 2024-09-30 05928169 d:RetainedEarningsAccumulatedLosses 2023-09-30 05928169 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05928169 c:OrdinaryShareClass1 2024-09-30 05928169 c:OrdinaryShareClass1 2023-09-30 05928169 c:FRS102 2023-10-01 2024-09-30 05928169 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05928169 c:FullAccounts 2023-10-01 2024-09-30 05928169 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05928169 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05928169









EFES ONE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
EFES ONE LIMITED
REGISTERED NUMBER: 05928169

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
2,330
4,645

Investment property
 4 
1,350,000
1,350,000

  
1,352,330
1,354,645

Current assets
  

Cash at bank and in hand
 5 
1,355
214

  
1,355
214

Creditors: amounts falling due within one year
 6 
(814,278)
(826,856)

Net current liabilities
  
 
 
(812,923)
 
 
(826,642)

Total assets less current liabilities
  
539,407
528,003

Creditors: amounts falling due after more than one year
 7 
(2,529)
(5,829)

  

Net assets
  
536,878
522,174


Capital and reserves
  

Called up share capital 
 10 
300,000
300,000

Investment property reserve
  
100,000
100,000

Profit and loss account
  
136,878
122,174

  
536,878
522,174


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 by: 

Page 1

 
EFES ONE LIMITED
REGISTERED NUMBER: 05928169
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024




Efe Akbas
Director

Date: 30 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EFES ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

EFES ONE LIMITED is a private company limited by share capital, Incorporated in England and Wales, registration number 05928169. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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

Revenue

Rental income note
Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant take possession or controls the physical use of the lease space.. 

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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.


Page 3

 
EFES ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

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:

Fixtures and fittings
-
20%
5 years straight-line

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

Investment property

Investment property is carried at fair value determined annually by the Director 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.

 
2.8

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.

 
2.9

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.

Page 4

 
EFES ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 October 2023
45,289


Disposals
(33,712)



At 30 September 2024

11,577



Depreciation


At 1 October 2023
40,644


Charge for the year on owned assets
2,315


Disposals
(33,712)



At 30 September 2024

9,247



Net book value



At 30 September 2024
2,330



At 30 September 2023
4,645


4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,350,000



At 30 September 2024
1,350,000

The 2024 valuations were made by Director , on an open market value for existing use basis.




Page 5

 
EFES ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Cash and cash equivalents

As restated
2024
2023
£
£

Cash at bank and in hand
1,355
214

1,355
214



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,300
3,218

Trade creditors
3,722
11,862

Corporation tax
2,036
-

Other creditors
804,120
811,776

Accruals and deferred income
1,100
-

814,278
826,856



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,529
5,829

2,529
5,829


Page 6

 
EFES ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


As restated
2024
2023
£
£

Amounts falling due within one year

Bank loans
3,300
3,218

Amounts falling due 1-2 years

Bank loans
2,529
3,300

Amounts falling due 2-5 years

Bank loans
-
2,529

5,829
9,047



9.


Deferred taxation


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



300,000 (2023 - 300,000) Ordinary shares of £1.00 each
300,000
300,000


 
Page 7