Essence Property Group Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14038035 (England and Wales)

Unaudited Financial Statements

for the Period 11 April 2022 to 30 April 2023

for

ESSENCE PROPERTY GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr R A Millard

Mrs J Salmon

Registered office:

Juniper House

Warley Hill Business Park

The Drive

Brentwood

Essex

CM13 3BE

Registered number:

14038035 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Juniper House

Warley Hill Business Park

The Drive

Brentwood

Essex

CM13 3BE

Current assets

Debtors

4

3,890

Cash at bank

1,311

5,201

Creditors

Amounts falling due within one year

5

4,755

Net current assets

446

Total assets less current liabilities

446

Capital and reserves

Called up share capital

6

100

Retained earnings

346

Shareholders' funds

446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 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 4 January 2024 and were signed on its behalf by:

Mr R A Millard - Director

1.	Statutory information

Essence Property Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 2 .

4.

Debtors: amounts falling due within one year

£

Trade debtors

2,757

Other debtors

1,133

3,890

5.

Creditors: amounts falling due within one year

£

Trade creditors

1,369

Taxation and social security

347

Other creditors

3,039

4,755

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 30 April 2023:

£

Mr R A Millard

Balance outstanding at start of period

-

Amounts advanced

475

Amounts repaid

(1,062

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(587

)

Mrs J Salmon

Balance outstanding at start of period

-

Amounts advanced

425

Amounts repaid

(562

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(137

)