Company Registration No. 04609974 (England and Wales)
Eden Pharmaceutical Limited
Unaudited accounts
for the year ended 30 September 2017
Eden Pharmaceutical Limited
Unaudited accounts
Contents
Eden Pharmaceutical Limited
Company Information
for the year ended 30 September 2017
Company Number
04609974 (England and Wales)
Registered Office
Unit 4
Stonefield Way
Ruislip
Middlesex
HA4 0JW
Accountants
Cloud Audit and Accounts Ltd
1 Mill Street
London
SE1 2DE
Eden Pharmaceutical Limited
Statement of financial position
as at 30 September 2017
Investment property
16,920,000
20,170,000
Cash at bank and in hand
350
107
Creditors: amounts falling due within one year
(2,948,735)
(2,991,931)
Net current liabilities
(2,381,620)
(2,149,111)
Total assets less current liabilities
14,538,380
18,020,889
Creditors: amounts falling due after more than one year
(6,729,688)
(8,482,447)
Provisions for liabilities
Net assets
7,808,692
9,047,679
Called up share capital
200
200
Profit and loss account
7,808,492
9,047,479
Shareholders' funds
7,808,692
9,047,679
For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 June 2018.
Nayan Thakrar
Director
Company Registration No. 04609974
Eden Pharmaceutical Limited
Notes to the Accounts
for the year ended 30 September 2017
Eden Pharmaceutical Limited is a private company, limited by shares, registered in England and Wales, registration number 04609974. The registered office is Unit 4, Stonefield Way, Ruislip, Middlesex, HA4 0JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover, which excludes value added tax, comprises rental income which is recognised evenly over the term of the lease to which it relates.
Fair value at 1 October 2016
20,170,000
Net loss from fair value adjustments
(3,250,000)
At 30 September 2017
16,920,000
The properties have been valued by independent external valuers in accordance with RICS Valuation - Global Standards 2017 under market value and market rent bases. The historic cost of the properties is £17,717,186.
Other debtors
566,765
842,713
Eden Pharmaceutical Limited
Notes to the Accounts
for the year ended 30 September 2017
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
1,752,750
1,707,556
Taxes and social security
718,390
410,390
Other creditors
472,417
873,985
7
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
6,076,779
7,829,529
Amounts owed to group undertakings and other participating interests
652,909
652,918
Bank borrowings are secured by way of a Debenture including fixed and floating charge over the assets and undertaking of the company and in addition there is a separate charge on a bank deposit.
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
