74 EP Freehold Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08743922 (England and Wales)

74 EP FREEHOLD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

T. Dal

REGISTERED OFFICE:

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

REGISTERED NUMBER:

08743922 (England and Wales)

ACCOUNTANTS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Tangible assets

4

350,000

350,000

CURRENT ASSETS

Debtors

5

4,583

4,029

CREDITORS

Amounts falling due within one year

6

14,927

13,508

NET CURRENT LIABILITIES

(10,344

)

(9,479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

339,656

340,521

CREDITORS

Amounts falling due after more than one year

7

350,000

350,000

NET LIABILITIES

(10,344

)

(9,479

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(10,345

)

(9,480

)

SHAREHOLDERS' FUNDS

(10,344

)

(9,479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20th September 2022 and were signed by:

T. Dal - Director

1.	STATUTORY INFORMATION

74 EP Freehold Ltd 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

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.

The accounts have been prepared on the going concern basis on the understanding that future funds will be provided by the holding company.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold - Not depreciated

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 6th April 2021

and 5th April 2022

350,000

NET BOOK VALUE

At 5th April 2022

350,000

At 5th April 2021

350,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

4,583

4,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other creditors

14,927

13,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

350,000

350,000

8.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £11,123 (2021 £9,889) which is owed to Kapital Estates Ltd. Mr T. Dal is a director of Kapital Estates Ltd.

A long term loan of £350,000 (2021 £350,000) is owed to Retex Enterprises Limited. Retex Enterprises Limited is the ultimate controlling party of 74 EP Freehold Ltd.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T. Dal.

The ultimate controlling party is Retex Enterprises Limited.