Registered number
10513409
Essex Estates & Investments Ltd
Filleted Accounts
31 December 2022
Essex Estates & Investments Ltd
Registered number: 10513409
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 19,604,952 19,843,813
Investments 4 200,000 200,000
19,804,952 20,043,813
Current assets
Stocks 634,693 -
Cash at bank and in hand 48,938 745
683,631 745
Creditors: amounts falling due within one year 5 (13,980,913) (13,551,310)
Net current liabilities (13,297,282) (13,550,565)
Total assets less current liabilities 6,507,670 6,493,248
Creditors: amounts falling due after more than one year 6 (6,363,811) (6,341,703)
Net assets 143,859 151,545
Capital and reserves
Called up share capital 10 10
Profit and loss account 143,849 151,535
Shareholders' funds 143,859 151,545
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Chaudhary
Director
Approved by the board on 28 September 2023
Essex Estates & Investments Ltd
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2022 19,744,995 156,638 19,901,633
Additions - 37,924 37,924
Disposals (250,000) - (250,000)
At 31 December 2022 19,494,995 194,562 19,689,557
Depreciation
At 1 January 2022 - 57,820 57,820
Charge for the year - 26,785 26,785
At 31 December 2022 - 84,605 84,605
Net book value
At 31 December 2022 19,494,995 109,957 19,604,952
At 31 December 2021 19,744,995 98,818 19,843,813
4 Investments
Other
investments
£
Cost
At 1 January 2022 200,000
At 31 December 2022 200,000
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 500,000 500,000
Taxation and social security costs 15,116 15,116
Other creditors 13,465,797 13,036,194
13,980,913 13,551,310
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 6,363,811 6,341,703
7 Other information
Essex Estates & Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
209 Ley Street
Ilford
IG1 4BL
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