E & J Tate Limited Filleted accounts for Companies House (small and micro)

E & J Tate Limited Filleted accounts for Companies House (small and micro)

E & J TATE LTD - Company Information

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0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,977,038 20,366 1,956,672 1,956,672 1,977,038 xbrli:pure xbrli:shares iso4217:GBP 02953296 2022-01-01 2022-12-31 02953296 2022-12-31 02953296 2021-12-31 02953296 2021-01-01 2021-12-31 02953296 2021-12-31 02953296 2020-12-31 02953296 bus:Director2 2022-01-01 2022-12-31 02953296 core:WithinOneYear 2022-12-31 02953296 core:WithinOneYear 2021-12-31 02953296 core:LandBuildings 2022-01-01 2022-12-31 02953296 core:ShareCapital 2022-12-31 02953296 core:ShareCapital 2021-12-31 02953296 core:RetainedEarningsAccumulatedLosses 2022-12-31 02953296 core:RetainedEarningsAccumulatedLosses 2021-12-31 02953296 core:LandBuildings 2022-12-31 02953296 core:LandBuildings 2021-12-31 02953296 core:LandBuildings 2021-12-31 02953296 bus:SmallEntities 2022-01-01 2022-12-31 02953296 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 02953296 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 02953296 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 02953296 bus:FullAccounts 2022-01-01 2022-12-31
COMPANY REGISTRATION NUMBER: 02953296
E & J Tate Limited
Filleted Unaudited Financial Statements
31 December 2022
E & J Tate Limited
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
4
1,956,672
1,977,038
Current assets
Debtors
5
800,991
778,529
Cash at bank and in hand
450,892
347,705
------------
------------
1,251,883
1,126,234
Creditors: amounts falling due within one year
6
2,418,445
2,324,034
------------
------------
Net current liabilities
1,166,562
1,197,800
------------
------------
Total assets less current liabilities
790,110
779,238
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
790,108
779,236
---------
---------
Shareholders funds
790,110
779,238
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
E Tajtelbaum
Director
Company registration number: 02953296
E & J Tate Limited
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Land and buildings
£
Cost
At 1 January 2022
1,977,038
Disposals
( 20,366)
------------
At 31 December 2022
1,956,672
------------
Depreciation
At 1 January 2022 and 31 December 2022
–
------------
Carrying amount
At 31 December 2022
1,956,672
------------
At 31 December 2021
1,977,038
------------
The investment properties were valued by the directors as at 31 December 2020 having considered the open market value of the properties. No independent valuation was undertaken.
5. Debtors
2022
2021
£
£
Other debtors
800,991
778,529
---------
---------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
2,418,445
2,324,034
------------
------------