Eden Hope Limited - Accounts to registrar (filleted) - small 18.2

Eden Hope Limited - Accounts to registrar (filleted) - small 18.2

EDEN HOPE LIMITED - Company Information

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REGISTERED NUMBER: 06466323 (England and Wales)















EDEN HOPE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020





DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN








EDEN HOPE LIMITED (REGISTERED NUMBER: 06466323)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EDEN HOPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2020







DIRECTOR: D Feltham





REGISTERED OFFICE: 20 Aldwych Avenue
Rusholme
Manchester
M14 5NL





REGISTERED NUMBER: 06466323 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN
1
EDEN HOPE LIMITED (REGISTERED NUMBER: 06466323)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2020

2020 2019
Notes £    £   
FIXED ASSETS
Investment property 4 166,204 166,204

CURRENT ASSETS
Debtors 5 20,000 20,000
Cash at bank 1,087 78
21,087 20,078
CREDITORS
Amounts falling due within one year 6 (164,781 ) (163,984 )
NET CURRENT LIABILITIES (143,694 ) (143,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,510
22,298

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22,509 22,297
SHAREHOLDERS' FUNDS 22,510 22,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 24 June 2021 and were signed by:





D Feltham - Director


The notes form part of these financial statements

2
EDEN HOPE LIMITED (REGISTERED NUMBER: 06466323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020


1. STATUTORY INFORMATION

Eden Hope Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06466323 and its registered office address is 20 Aldwych Avenue, Rusholme, Manchester, M14 5NL.

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 director has considered the impact of the global Covid-19 pandemic on the company and recognises that the future cannot be predicted with any certainty. Procedures have been introduced to ensure that operations are conducted in accordance with official government advice as the company continues to trade. The director will endeavour to monitor and control costs as necessary and any available government backed support will be obtained as required.

The director has considered the business risks and believes that the company is well placed to manage these risks successfully, thus the going concern basis of accounting has been adopted in preparing these financial statements.

Critical accounting estimates
In the application of the company's accounting policies, the directors are required to make estimates. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

Estimating the value of investment property is considered to be a key judgement.

Revenue
Revenue comprises the aggregate of the fair value of rental services provided. Revenue is recognised as those services that are provided to the occupants of the property.

Investment property
Investment properties are recognised at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.


3 continued...
EDEN HOPE LIMITED (REGISTERED NUMBER: 06466323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2020


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2019
and 30 June 2020 166,204
NET BOOK VALUE
At 30 June 2020 166,204
At 30 June 2019 166,204

The director consider the value of the property to be equal to cost after considering market value of similar properties as at 30 June 2020 .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 20,000 20,000

4 continued...
EDEN HOPE LIMITED (REGISTERED NUMBER: 06466323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2020


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 2,876 2,075
Taxation and social security 1,194 1,145
Other creditors 160,711 160,764
164,781 163,984

7. RELATED PARTY DISCLOSURES

Included within other debtors are amounts totalling £20,000 (2019: £20,000) due from related companies.

Included within trade creditors at the year end are amounts due to related companies totalling £2,876 (2019: £2,075).

Included within other creditors are amounts totalling £160,711 (2019: £160,764) due to related companies.

5