Espalier Property Ventures (Clapham) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12271978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

ESPALIER PROPERTY VENTURES (CLAPHAM) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V Gupta

Ms D P Duffy

REGISTERED OFFICE:

1 Gloucester Place

Brighton

East Sussex

BN1 4AA

REGISTERED NUMBER:

12271978 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

Investments

4

9,684,421

6,072,355

CURRENT ASSETS

Debtors

5

186,894

3,625,953

Cash at bank

52,476

23,799

239,370

3,649,752

CREDITORS

Amounts falling due within one year

6

6,516,116

6,426,812

NET CURRENT LIABILITIES

(6,276,746

)

(2,777,060

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,407,675

3,295,295

CREDITORS

Amounts falling due after more than one year

7

3,866,730

3,540,000

NET LIABILITIES

(459,055

)

(244,705

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(459,155

)

(244,805

)

(459,055

)

(244,705

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 7 July 2023 and were signed on its behalf by:

Ms D P Duffy - Director

1.	STATUTORY INFORMATION

Espalier Property Ventures (Clapham) 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to

consideration.

Turnover represents the following types of income;

- Management charges

- Rents received

All income is recognised on a receivable basis.

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 NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2022

2021

£

£

Cost b/f

6,072,356

5,877,699

Additions

3,612,065

194,656

9,684,421

6,072,355

This represents the land and buildings.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by associates

178,458

3,605,607

VAT

-

11,139

Prepayments

8,436

9,207

186,894

3,625,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

44,795

75,492

VAT

4,687

-

Other creditors

6,417,061

6,279,798

Accruals and deferred income

39,023

-

Accrued expenses

10,550

71,522

6,516,116

6,426,812

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Loans - 1-2 years

3,866,730

-

Loans - 2-5 years

-

3,540,000

3,866,730

3,540,000

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Colin.

This was by virtue of his 100% holding of the issued share capital.