EDEN PROJECTS AND DEVELOPMENTS LIMITED

EDEN PROJECTS AND DEVELOPMENTS LIMITED

EDEN PROJECTS AND DEVELOPMENTS LIMITED - Company Information

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EDEN PROJECTS AND DEVELOPMENTS LIMITED

Company Registration Number:
11221436 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2020

Period of accounts

Start date: 01 March 2019

End date: 28 February 2020

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2020

Balance sheet
Notes

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Balance sheet

As at 28 February 2020


Notes
2020
2019


£
£
Current assets
Stocks: 688,890 195,328
Debtors: 3 11,138 2,328
Cash at bank and in hand: 15,106 16,796
Total current assets: 715,134 214,452
Creditors: amounts falling due within one year: 4 (354,233) (213,942)
Net current assets (liabilities): 360,901 510
Total assets less current liabilities: 360,901 510
Creditors: amounts falling due after more than one year: 5 (332,839) 0
Total net assets (liabilities): 28,062 510
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 27,962 410
Shareholders funds: 28,062 510

The notes form part of these financial statements

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 28 February 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 February 2021
and signed on behalf of the board by:

Name: David Christopher Humberstone
Status: Director

The notes form part of these financial statements

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net amounts invoiced, excluding value added tax, in respect of the sale of property developments and related services.

Other accounting policies

Stocks comprise of property developments in progress and completed property developments held for sale. These are stated at cost less, if appropriate foreseeable losses. Interest on property development loan finance is accounted for as an expense of the period in which it is incurred.Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

2. Employees

2020 2019
Average number of employees during the period 0 0

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

3. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

4. Creditors: amounts falling due within one year note

Trade Creditors - £15,043 (2019: £nil)Taxation and social security - £6,463 (2019: £126)Accruals and deferred income - £88,843 (2019: £1,755)Directors' current accounts - £93,617 (2019: £147,059)Other creditors - £150,267 (2019: £65,002)

EDEN PROJECTS AND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

5. Creditors: amounts falling due after more than one year note

Other loans - £332,839 (2019: £nil)Other loans are secured by way of fixed and floating charges over the company's assets