Company No: 12686951 (England and Wales)

Contents

• Balance Sheet
• Notes to the Abridged Financial Statements

	Note	2023		2022
		£		£
				Restated - note 2
Fixed assets
Investment property	4	1,934,144		1,214,144
		1,934,144		1,214,144
Current assets
Cash at bank and in hand		3,030		2,573
		3,030		2,573
Creditors: amounts falling due within one year		( 2,006,600)		( 1,283,000)
Net current liabilities		(2,003,570)		(1,280,427)
Total assets less current liabilities		(69,426)		(66,283)
Net liabilities		( 69,426)		( 66,283)
Capital and reserves
Called-up share capital	5	100		100
Profit and loss account		( 69,526 )		( 66,383 )
Total shareholder's deficit		( 69,426)		( 66,283)

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered,
• The member of Eden Cripps Limited has consented to the preparation of the abridged financial statements for the financial year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements of Eden Cripps Limited (registered number: 12686951) were approved and authorised for issue by the Board of Directors on 25 March 2024. They were signed on its behalf by:

Mr R J Hooper Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Eden Cripps Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Venta, 71 Yealm Road, Newton Ferrers, Plymouth, PL8 1BN.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year error

During the year, it was noted that the property was incorrectly categorised as land and buildings, and has subsequently
been recategorised to investment property.

Tangible assets (£316,576)
Investment property £316,576

Construction contracts

Turnover and costs from contracts are recognised based on the stage of completion which is measured by estimated time and costs to complete. If it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

		As previously reported		Adjustment		As restated
Year ended 31 August 2022		£		£		£
Tangible assets		316,576		(316,576)		0
Investment property		897,568		316,576		1,214,144

3. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2022	1,214,144
Additions	720,000
As at 31 August 2023	1,934,144

There has been no valuation of investment property by an independent valuer.

5. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares shares of £ 1.00 each	100		100

6. Ultimate controlling party

Parent Company:

Attlee Sinclair Ltd, incorporated in England and Wales.

These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.