Edgeley Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

Edgeley Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

EDGELEY PROPERTIES LTD - Company Information

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REGISTERED NUMBER: 12192142 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

EDGELEY PROPERTIES LTD
EDGELEY PROPERTIES LTD (REGISTERED NUMBER: 12192142)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDGELEY PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr J A Brett
Mrs T A Brett





REGISTERED OFFICE: 25 Tait Road
Croydon
CR0 2DP





REGISTERED NUMBER: 12192142 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB
Page 1
EDGELEY PROPERTIES LTD (REGISTERED NUMBER: 12192142)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 725,000 725,000

CURRENT ASSETS
Debtors 5 36,141 5,975
Cash at bank 19,569 6,964
55,710 12,939
CREDITORS
Amounts falling due within one
year
6
20,556
472,060
NET CURRENT ASSETS/(LIABILITIES) 35,154 (459,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
760,154
265,879

CREDITORS
Amounts falling due after more
than one year
7
(492,688
)
-

PROVISIONS FOR LIABILITIES (49,635 ) (49,635 )
NET ASSETS 217,831 216,244

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 217,829 216,242
SHAREHOLDERS' FUNDS 217,831 216,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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...
EDGELEY PROPERTIES LTD (REGISTERED NUMBER: 12192142)

BALANCE SHEET - continued
31ST MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th December 2023 and were signed on its behalf by:





Mr J A Brett - Director


The notes form part of these financial statements

Page 3
EDGELEY PROPERTIES LTD (REGISTERED NUMBER: 12192142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Edgeley Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the rent received or receivable from managed residential properties, excluding discounts.

Tangible fixed assets
Freehold property's fair value will be assessed at the end of each accounting period and adjusted accordingly.

Deferred tax is provided on any revaluations at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1st April 2022
and 31st March 2023 725,000
NET BOOK VALUE
At 31st March 2023 725,000
At 31st March 2022 725,000

Cost or valuation at 31st March 2023 is represented by:

Freehold
property
£   
Valuation in 2022 725,000

Page 4 continued...
EDGELEY PROPERTIES LTD (REGISTERED NUMBER: 12192142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

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

2023 2022
£    £   
Cost 454,487 454,487

Freehold property was valued on a fair value basis on 31st March 2022 by the company director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,403 5,975
Other debtors 28,738 -
36,141 5,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 17,290 -
Trade creditors 15 -
Corporation tax 1,780 2,496
Edgeley Construction Ltd loan - 468,239
Other creditors 900 -
Directors' current accounts 571 -
Accrued expenses - 1,325
20,556 472,060

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 2-5 years 492,688 -

Page 5