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REGISTERED NUMBER: 10603400 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2022

for

Essex Residential Properties Ltd

Essex Residential Properties Ltd (Registered number: 10603400)






Contents of the Financial Statements
for the Year Ended 5 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Essex Residential Properties Ltd

Company Information
for the Year Ended 5 April 2022







DIRECTORS: Dr M Saharoy
Mrs B T Saharoy





REGISTERED OFFICE: 10 Lower Bury Lane
Epping
Essex
CM16 5HA





REGISTERED NUMBER: 10603400 (England and Wales)





ACCOUNTANTS: Stanbridge Associates Limited
7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP

Essex Residential Properties Ltd (Registered number: 10603400)

Balance Sheet
5 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,982,480 3,982,480

CURRENT ASSETS
Debtors 5 29,548 37,557
Cash at bank 74,379 57,178
103,927 94,735
CREDITORS
Amounts falling due within one
year

6

387,437

395,785
NET CURRENT LIABILITIES (283,510 ) (301,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,698,970

3,681,430

CREDITORS
Amounts falling due after more
than one year

7

3,437,990

3,495,936
NET ASSETS 260,980 185,494

Essex Residential Properties Ltd (Registered number: 10603400)

Balance Sheet - continued
5 April 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 260,880 185,394
260,980 185,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2022 and were signed on its behalf by:





Dr M Saharoy - Director


Essex Residential Properties Ltd (Registered number: 10603400)

Notes to the Financial Statements
for the Year Ended 5 April 2022

1. STATUTORY INFORMATION

Essex Residential Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 rental income accrued during the period shown by these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Essex Residential Properties Ltd (Registered number: 10603400)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 4 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2021
and 5 April 2022 3,982,480 638 3,983,118
DEPRECIATION
At 6 April 2021
and 5 April 2022 - 638 638
NET BOOK VALUE
At 5 April 2022 3,982,480 - 3,982,480
At 5 April 2021 3,982,480 - 3,982,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 28,548 36,557
Other debtors 1,000 1,000
29,548 37,557

Essex Residential Properties Ltd (Registered number: 10603400)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 345,894 354,227
Trade creditors 1 2
Taxation and social security 17,904 18,018
Other creditors 23,638 23,538
387,437 395,785

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 2,552,090 2,610,036
Amounts owed to associates 885,900 885,900
3,437,990 3,495,936

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,001,217 2,059,163