ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

EVEBROOK 1 LTD - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-3152021-04-01false5No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12491554 2021-04-01 2022-03-31 12491554 2020-03-02 2021-03-31 12491554 2022-03-31 12491554 2021-03-31 12491554 c:Director5 2021-04-01 2022-03-31 12491554 d:CurrentFinancialInstruments 2022-03-31 12491554 d:CurrentFinancialInstruments 2021-03-31 12491554 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12491554 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 12491554 d:ShareCapital 2022-03-31 12491554 d:ShareCapital 2021-03-31 12491554 d:OtherMiscellaneousReserve 2021-04-01 2022-03-31 12491554 d:OtherMiscellaneousReserve 2022-03-31 12491554 d:OtherMiscellaneousReserve 2021-03-31 12491554 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 12491554 d:RetainedEarningsAccumulatedLosses 2022-03-31 12491554 d:RetainedEarningsAccumulatedLosses 2021-03-31 12491554 c:FRS102 2021-04-01 2022-03-31 12491554 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 12491554 c:FullAccounts 2021-04-01 2022-03-31 12491554 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 12491554 6 2021-04-01 2022-03-31 12491554 d:Right-of-useInvestmentProperty 2022-03-31 12491554 d:Right-of-useInvestmentProperty 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 12491554









EVEBROOK 1 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022
 
EVEBROOK 1 LTD
REGISTERED NUMBER: 12491554

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
1
1

Investment property
 5 
56,250
56,250

  
56,251
56,251

Current assets
  

Debtors: amounts falling due within one year
 6 
32,127
53,262

Cash at bank and in hand
 7 
781
1,287

  
32,908
54,549

Creditors: amounts falling due within one year
 8 
(59,866)
(59,843)

Net current liabilities
  
 
 
(26,958)
 
 
(5,294)

Total assets less current liabilities
  
29,293
50,957

  

Net assets
  
29,293
50,957


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
 9 
56,249
56,249

Profit and loss account
 9 
(26,957)
(5,293)

  
29,293
50,957


Page 1
 
EVEBROOK 1 LTD
REGISTERED NUMBER: 12491554
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider 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 directors acknowledge their 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: 




R Soltanie
Director

Date: 29 November 2022

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
EVEBROOK 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Evebrook 1 Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 64 New Cavendish Street, London, W1G 8TB.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Investment property

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

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).

Page 3
 
EVEBROOK 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1



At 31 March 2022
1





5.


Investment property


Property held for develop-ment

£



Valuation


At 1 April 2021
56,250



At 31 March 2022
56,250

The 2022 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
2021
£
£


Historic cost
1
1

1
1

Page 4
 
EVEBROOK 1 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
32,127
34,671

Other debtors
-
18,591

32,127
53,262



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
781
1,287

781
1,287



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
57,343
57,343

Accruals and deferred income
2,523
2,500

59,866
59,843



9.


Reserves

Other reserves

Includes the revaluation of investment properties.

Profit and loss account

Includes all current and prior period retained profits and losses.


10.


Controlling party

The parent is Evebrook UK LLP. The registered office address is 64 New Cavendish Street, London, W1G 8TB.

 
Page 5