Eco Property Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04377562 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ECO PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mark Edward Smith

REGISTERED OFFICE:

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

REGISTERED NUMBER:

04377562 (England and Wales)

ACCOUNTANTS:

Upton Neenan Lees

Chartered Accountants

21-23 Croydon Road

Caterham

Surrey

CR3 6PA

FIXED ASSETS

Tangible assets

4

-

450

CURRENT ASSETS

Stocks

3,542,478

1,001,089

Debtors

5

979,299

543,280

Investments

6

1,482,208

2,482,208

Cash at bank

203,212

552,838

6,207,197

4,579,415

CREDITORS

Amounts falling due within one year

7

(4,574,984

)

(3,301,365

)

NET CURRENT ASSETS

1,632,213

1,278,050

TOTAL ASSETS LESS CURRENT LIABILITIES

1,632,213

1,278,500

PROVISIONS FOR LIABILITIES

(211

)

(211

)

NET ASSETS

1,632,002

1,278,289

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,631,902

1,278,189

SHAREHOLDERS' FUNDS

1,632,002

1,278,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 31 March 2023 and were signed by:

Mark Edward Smith - Director

1.	STATUTORY INFORMATION

Eco Property 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.

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.

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.

Plant and machinery etc

-

25% on 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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

and 31 December 2021

21,135

DEPRECIATION

At 1 January 2021

20,685

Charge for year

450

At 31 December 2021

21,135

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

450

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

60,000

60,000

Other debtors

919,299

483,280

979,299

543,280

6.	CURRENT ASSET INVESTMENTS

31.12.21

31.12.20

£

£

Unlisted investments

1,482,208

2,482,208

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Taxation and social security

249,086

277,436

Other creditors

4,325,898

3,023,929

4,574,984

3,301,365