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REGISTERED NUMBER: 07006676 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

EDWARD ESTATES LIMITED

EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Balance sheet 1

Notes to the financial statements 3


EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Tangible assets 4 16,783 21,224

Current assets
Stocks 2,346 2,019
Debtors 5 314,733 257,086
Cash at bank and in hand 148,715 382,423
465,794 641,528
Creditors
Amounts falling due within one year 6 210,389 387,552
Net current assets 255,405 253,976
Total assets less current liabilities 272,188 275,200

Creditors
Amounts falling due after more than one year 7 (114,000 ) (150,000 )

Provisions for liabilities 8 (4,196 ) (4,033 )
Net assets 153,992 121,167

Capital and reserves
Called up share capital 9 100 100
Retained earnings 153,892 121,067
Shareholders' funds 153,992 121,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:




Mr G Brooks - Director



Mr S Seyed-Rezai - Director


EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. Statutory information

Edward Estates Limited is a private company, limited by shares, incorporated in England within the United Kingdom registration number 07006676. The address of the registered office is 7& 8 Church Street, Wimborne, Dorset, BH21 1JH and place of business is 404 Ringwood Road, Ferndown, Dorset, BH22 9AU.

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 represents commission and fees receivable, exclusive of Value Added Tax.

Commissions on sales of residential properties are recognised as earned when the contract for sale is exchanged, provided that thereafter the contract is, or is expected to be, completed. Commissions and fees earned under lettings and other income are recognised at the point of delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Fixtures, fittings and equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 that have been enacted or substantively enacted by the balance sheet date.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 20 (2021 - 19 ) .

4. Tangible fixed assets
Fixtures,
Improvements fittings
to and
property equipment Totals
£    £    £   
Cost
At 1 March 2021 25,620 122,974 148,594
Additions - 375 375
At 28 February 2022 25,620 123,349 148,969
Depreciation
At 1 March 2021 25,620 101,750 127,370
Charge for year - 4,816 4,816
At 28 February 2022 25,620 106,566 132,186
Net book value
At 28 February 2022 - 16,783 16,783
At 28 February 2021 - 21,224 21,224

5. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 128,739 147,206
Amounts owed by group undertakings 158,158 79,222
Prepayments and accrued income 27,836 30,658
314,733 257,086

EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


6. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 36,000 30,000
Trade creditors 23,567 23,134
Amounts owed to group undertakings - 50,000
Tax 74,405 106,043
Social security and other taxes 9,430 13,618
VAT 33,207 95,392
Other creditors 3,703 3,245
Accruals and deferred income 30,077 66,120
210,389 387,552

7. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans - 1-2 years 36,000 36,000
Bank loans - 2-5 years 78,000 108,000
Bank loans more 5 yr by instal - 6,000
114,000 150,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,000

8. Provisions for liabilities
2022 2021
£    £   
Deferred tax 4,196 4,033

Deferred
tax
£   
Balance at 1 March 2021 4,033
Charge to Income statement during year 163
Balance at 28 February 2022 4,196

9. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

EDWARD ESTATES LIMITED (REGISTERED NUMBER: 07006676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


10. Ultimate controlling party

The company is ultimately controlled by the director, Mr S Seyed-Rezai, by virtue of his 60% holding in the voting share capital of the the parent company, Edward Holdings (UK) Limited.