REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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EDCH PROPERTIES LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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FOR |
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EDCH PROPERTIES LIMITED |
EDCH PROPERTIES LIMITED (REGISTERED NUMBER: 05600257) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 7 |
EDCH PROPERTIES LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
EDCH PROPERTIES LIMITED (REGISTERED NUMBER: 05600257) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2019 |
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31.12.19 | 31.3.19 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
EDCH PROPERTIES LIMITED (REGISTERED NUMBER: 05600257) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31 DECEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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EDCH PROPERTIES LIMITED (REGISTERED NUMBER: 05600257) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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1. | STATUTORY INFORMATION |
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EDCH Properties Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
No depreciation was provided in the period as the property was not acquired until the end of the period. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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The freehold property was acquired on 31 December 2019 and therefore no depreciation has been |
charged in this period. |
EDCH PROPERTIES LIMITED (REGISTERED NUMBER: 05600257) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
Additions | 9,200 |
At 31 December 2019 | 9,200 |
NET BOOK VALUE |
At 31 December 2019 | 9,200 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31.12.19 | 31.3.19 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 100,000 | - |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.19 | 31.3.19 |
£ | £ |
Bank loans |
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The bank loan is secured by a debenture and a fixed charge over the company's freehold property |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.19 | 31.3.19 |
value: | £ | £ |
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Ordinary | £1 | 9,002 | 2 |
(31.3.19 - 2 ) |
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A Preference | £1 | 100 | - |
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B Preference | £1 | 100 | - |
9,202 | 2 |
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The following shares were issued during the period for cash at par : |
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9,000 Ordinary shares of £1 |
100 A Preference shares of £1 |
100 B Preference shares of £1 |
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The above share issue was made in exchange for the entire share capital of the company's subsidiary, |
Smith & Choyce Limited. |
EDCH PROPERTIES LIMITED (REGISTERED NUMBER: 05600257) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2019 TO 31 DECEMBER 2019 |
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9. | RELATED PARTY DISCLOSURES |
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The Old Joinery Company Limited |
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Company under common control |
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During the period, the company advanced £30,000 to The Old Joinery Company Limited as working |
capital. The advance is unsecured, interest-free and repayable on demand. |
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31.12.19 | 31.3.19 |
£ | £ |
Amount due from related party at the balance sheet date | 30,000 | - |
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Smith & Choyce Limited |
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Wholly-owned subsidiary company |
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During the period, the company purchased, at arm's length, the freehold property from which Smith & |
Choyce Limited traded. |
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At the end of the period, Smith & Choyce Limited paid a dividend to its parent company to settle all |
sums owing. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
EDCH PROPERTIES LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Statement of Financial Position. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Directors are not required to be |
filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of EDCH Properties Limited for the period ended 31 December 2019 which comprise |
the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related |
notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of EDCH Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EDCH Properties Limited and state those matters that we have agreed to state to the Board of Directors of EDCH Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EDCH Properties Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that EDCH Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EDCH Properties Limited. You consider that EDCH Properties Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of EDCH Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
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