Ebury Property Limited - Accounts to registrar (filleted) - small 18.2

Ebury Property Limited - Accounts to registrar (filleted) - small 18.2

EBURY PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 09559714 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

EBURY PROPERTY LIMITED
EBURY PROPERTY LIMITED (REGISTERED NUMBER: 09559714)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EBURY PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2020







DIRECTORS: N P McEntyre
A P Howarth





REGISTERED OFFICE: Terriers House
Amersham Road
High Wycombe
Buckinghamshire
HP13 5AJ





REGISTERED NUMBER: 09559714 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
Page 1
EBURY PROPERTY LIMITED (REGISTERED NUMBER: 09559714)

BALANCE SHEET
31ST DECEMBER 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Investments 3 201 100

CURRENT ASSETS
Stocks 43,235 269,498
Debtors 4 9,276,245 6,731,009
Cash at bank 859 1,854,078
9,320,339 8,854,585
CREDITORS
Amounts falling due within one year 5 1,654,616 1,681,385
NET CURRENT ASSETS 7,665,723 7,173,200
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,665,924
7,173,300

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,665,824 7,173,200
7,665,924 7,173,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2021 and were signed on its behalf by:





N P McEntyre - Director


The notes form part of these financial statements

Page 2
EBURY PROPERTY LIMITED (REGISTERED NUMBER: 09559714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Joint venture developments
From time to time the Company enters into Joint Venture ("JV") developments with associated companies. The profit on these JVs is split on an arms-length basis and the split is dependent on factors such as which party to the JV owns the land being developed, and which party is carrying on the construction work. During the course of construction profit is shared on a construction valuation basis, with periodic profit share adjustments as and when it is considered reasonable to make them. In some cases this will not be until the development nears completion. Such adjustments are accounted for within Cost of Sales.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2020 100
Additions 101
At 31st December 2020 201
NET BOOK VALUE
At 31st December 2020 201
At 31st December 2019 100

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 271,183 3,196
Other debtors 2,357,000 2,565,448
Amounts due from group company 6,647,796 4,162,000
VAT - 70
Prepayments 266 295
9,276,245 6,731,009

Page 3 continued...
EBURY PROPERTY LIMITED (REGISTERED NUMBER: 09559714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade creditors 51,851 -
Tax 531,480 658,447
Accruals and deferred income 1,071,285 1,022,938
1,654,616 1,681,385

6. RELATED PARTY DISCLOSURES

LINDO CLOSE LTD
A company in which Ebury Property Limited owns 100% of the issued share capital.

- During the year the company made further loan advances to Lindo Close Ltd of £1,440,000. This loan was non-interest bearing and repayable on demand. There was an outstanding balance of £714,000 due to Ebury Property Limited as at 31st December 2020.


RIDGEPOINT HOMES LIMITED
A company in which N P McEntyre is the sole director.

- During the year, the company made loan advances to Ridgepoint Homes Limited of £3,700,000. This loan was non-interest bearing and repayable on demand. There was an outstanding balance of £2,283,000 due to Ebury Property Limited as at 31st December 2020.


RIDGEPOINT HOMES (MARLEY LANE) LIMITED
A company in which Ebury Property Limited owns 100% of the issued share capital.

- During the year, the company made loan advances to Ridgepoint Homes (Marley Lane) Limited of £371,500. This loan was non-interest bearing and repayable on demand. There was an outstanding balance of £371,400 due to Ebury Property Limited as at 31st December 2020.


EBURY LAND LIMITED
A company in which Ebury Property Limited owns 100% of the issued share capital.

- During the year, the company made loan advances to Ebury Land Limited of £5,562,397. This loan was non-interest bearing and repayable on demand. There was an outstanding balance of £5,562,396 due to Ebury Property Limited as at 31st December 2020.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

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