Accounts Submission

Accounts Submission

ECCLESTON CITY ESTATES LIMITED - Company Information

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ECCLESTON CITY ESTATES LIMITED

Company Registration Number:
08971174 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2022

Period of accounts

Start date: 01 May 2021

End date: 30 April 2022

Page 1

ECCLESTON CITY ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2022

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Page 2

ECCLESTON CITY ESTATES LIMITED

Company Information

for the Period Ended 30 April 2022




Director: J B Pearson
M Benyon
Secretary: J B Pearson
Registered office: Cornfield House
Eldroth
Austwick
Lancaster
England
LA2 8AG
Company Registration Number: 08971174 (England and Wales)

Page 3

ECCLESTON CITY ESTATES LIMITED

Balance sheet

As at 30 April 2022


Notes
2022
£
2021
£
Fixed assets
Tangible assets: 4 251,739 251,739
Total fixed assets: 251,739 251,739
Current assets
Debtors: 5 0 105
Cash at bank and in hand: 873 520
Total current assets: 873 625
Creditors: amounts falling due within one year: 6 ( 100,102 ) ( 119,587 )
Net current assets (liabilities): ( 99,229 ) ( 118,962 )
Total assets less current liabilities: 152,510 132,777
Total net assets (liabilities): 152,510 132,777

The notes form part of these financial statements

Page 4

ECCLESTON CITY ESTATES LIMITED

Balance sheet continued

As at 30 April 2022


Notes
2022
£
2021
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 152,508 132,775
Shareholders funds: 152,510 132,777

For the year ending 30 April 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 November 2022
And Signed On Behalf Of The Board By:

Name: E Howard
Status: Director

The notes form part of these financial statements

Page 5

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Rental income from operating is recognised on a straight line basis over the term of the lease. Lease incentives are spread over the life of the lease.

    Tangible fixed assets depreciation policy

    Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
    Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
    If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
    No depreciation is provided.

Page 6

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 2. Employees


    2022
    2021
    Average number of employees during the period 0 0

Page 7

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 3. Off balance sheet disclosure

    No

Page 8

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

4. Tangible Assets

Total
Cost £
At 01 May 2021 251,739
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2022 251,739
Depreciation
At 01 May 2021 0
Charge for year -
On disposals -
Other adjustments -
At 30 April 2022 0
Net book value
At 30 April 2022 251,739
At 30 April 2021 251,739

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
No depreciation is provided.
An independent valuation has not been obtained as the directors consider the cost of preparation is not justified. The directors believe the fair value is not materially different from the cost at 30 April 2022.

Page 9

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 5. Debtors

    The above figure consists of other debtors.

Page 10

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

6. Creditors: amounts falling due within one year note

Corporation tax - 2022: £4,586. 2021: 4,587
Other creditors - 2022: £47,500. 2021: £57,500
Other borrowings - 2022: £247,500. 2021: £57,500
Accruals and deferred income - 2022: £516. 2021: £-

Page 11

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

7.1.Related party disclosures

Name of related party: Mobility GB Limited
Description of relationship:
A company in which J B Pearson is a director and shareholder
Description of the transaction:
During the year the company’s investment property was occupied by Mobility (GB) Limited, a company in which J B Pearson is a director and shareholder. Rent of £24,375 (2021: £24,375) was charged during the year of which £nil (2021: £105) was outstanding at year end. This was shown within Other debtors.
Balance at 01 May 2021 105
Balance at 30 April 2022 0
Name of related party: Holmpatrick Limited
Description of relationship:
M Benyon, a director of Eccleston City Estates Limited, is also a shareholder in Holmpatrick Limited
Description of the transaction:
Included in Other borrowings due in <1 year is an amount of £47,500 (2021: £57,500) owed to Holmpatrick Limited, a shareholder of Eccleston City Estates Limited. This is an interest free loan. M Benyon, a director of Eccleston City Estates Limited, is also a shareholder in Holmpatrick Limited.
Balance at 01 May 2021 57,500
Balance at 30 April 2022 47,500

Page 12

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

7.2.Related party disclosures

Name of related party: Sunzi Trust
Description of relationship:
J B Pearson, a director of Eccleston City Estates Limited, is also a Trustee of the Sunzi Trust.
Description of the transaction:
Included in Other creditors due in <1 year is an amount of £47,500 (2021: £57,500) owed to the Sunzi Trust. This is an interest free loan. J B Pearson, a director of Eccleston City Estates Limited, is also a Trustee of the Sunzi Trust.
Balance at 01 May 2021 57,500
Balance at 30 April 2022 47,500

Page 13

ECCLESTON CITY ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 8. Post balance sheet events

    E Howard was appointed as a Director and Company Secretary post year end (31 October 2022). J B Pearson resigned as a Director and Company Secretary post year end (31 October 2022).

Page 14