Evenbell Properties Limited - Accounts to registrar (filleted) - small 23.1.2

Evenbell Properties Limited - Accounts to registrar (filleted) - small 23.1.2

EVENBELL PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 08680951 (England and Wales)












EVENBELL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022






EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVENBELL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: Mrs A S Bell
A R Bell
Mrs L J Crook
M R Bell
Mrs G Garrett



REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR



BUSINESS ADDRESS: 10 Redhill Crescent
Bassett
Southampton
Hampshire
SO16 7BQ



REGISTERED NUMBER: 08680951 (England and Wales)



BANKERS: Handelsbanken
3 Carlton Crescent
Southampton
Hampshire
SO15 2EY
Page 1
EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 89 134
Investment property 5 1,312,176 710,000
1,312,265 710,134

CURRENT ASSETS
Debtors 6 225,000 225,000
Cash at bank 23,664 125,961
248,664 350,961
CREDITORS
Amounts falling due within one year 7 (1,395,470 ) (923,395 )
NET CURRENT LIABILITIES (1,146,806 ) (572,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
165,459
137,700

PROVISIONS FOR LIABILITIES 8 (5,297 ) (5,297 )
NET ASSETS 160,162 132,403

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 49,243 49,243
Retained earnings 110,819 83,060
SHAREHOLDERS' FUNDS 160,162 132,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 Board of Directors and authorised for issue on 12 April 2023 and were signed on its behalf by:





Mrs A S Bell - Director


The notes form part of these financial statements

Page 3
EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. STATUTORY INFORMATION

Evenbell Properties Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 5 years

Investment property
Investment property is recognised at fair value in accordance with FRS 102. Any surplus arising on a change in revaluation is recognised in profit and loss.

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.

Page 4 continued...
EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


2. ACCOUNTING POLICIES - continued

Fixed assets
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 October 2021
and 30 September 2022 774
DEPRECIATION
At 1 October 2021 640
Charge for year 45
At 30 September 2022 685
NET BOOK VALUE
At 30 September 2022 89
At 30 September 2021 134

Page 5 continued...
EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2021 710,000
Additions 602,176
At 30 September 2022 1,312,176
NET BOOK VALUE
At 30 September 2022 1,312,176
At 30 September 2021 710,000

Fair value at 30 September 2022 is represented by:
£
Valuation in 2016 81,332
Valuation in 2020 (30,599 )
Valuation in 2021 3,806
Cost 1,257,637
1,312,176

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£ £
Cost 1,257,637 655,461

Investment property was valued on an open market basis on 30 September 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 225,000 225,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors (1 ) -
Taxation and social security 7,447 6,123
Other creditors 1,388,024 917,272
1,395,470 923,395

8. PROVISIONS FOR LIABILITIES
2022 2021
£ £
Deferred tax 5,297 5,297

Page 6 continued...
EVENBELL PROPERTIES LIMITED (REGISTERED NUMBER: 08680951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


8. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 October 2021 5,297
Balance at 30 September 2022 5,297

Page 7