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REGISTERED NUMBER: 03711932 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

E A Property Limited

E A Property Limited (Registered number: 03711932)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E A Property Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R A Vernon



SECRETARY: Mrs A J Vernon



REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ



REGISTERED NUMBER: 03711932 (England and Wales)



ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ



BANKERS: HSBC Bank plc
63 George Street
Luton
Bedfordshire
LU1 2AP

E A Property Limited (Registered number: 03711932)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,486 423,214

CURRENT ASSETS
Debtors 6 5,672 778,239
Cash at bank 23,601 33,264
29,273 811,503
CREDITORS
Amounts falling due within one year 7 308,783 342,146
NET CURRENT (LIABILITIES)/ASSETS (279,510 ) 469,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

(274,024

)

892,571

PROVISIONS FOR LIABILITIES 1,042 1,578
NET (LIABILITIES)/ASSETS (275,066 ) 890,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (275,166 ) 890,893
SHAREHOLDERS' FUNDS (275,066 ) 890,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

E A Property Limited (Registered number: 03711932)

Statement of Financial Position - continued
31 March 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2023 and were signed by:





R A Vernon - Director


E A Property Limited (Registered number: 03711932)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

E A Property Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced rental income together with the sale and hire of goods, excluding VAT.


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 - 2% on cost
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

E A Property Limited (Registered number: 03711932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 April 2022 195,049 244,996 14,099 454,144
Additions - 107,141 - 107,141
Disposals (195,049 ) (352,137 ) - (547,186 )
At 31 March 2023 - - 14,099 14,099
DEPRECIATION
At 1 April 2022 - 25,136 5,794 30,930
Charge for year - 6,973 2,819 9,792
Eliminated on disposal - (32,109 ) - (32,109 )
At 31 March 2023 - - 8,613 8,613
NET BOOK VALUE
At 31 March 2023 - - 5,486 5,486
At 31 March 2022 195,049 219,860 8,305 423,214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 362,760
Amounts owed by group undertakings 100 100
Other debtors 3,085 3,085
Due from associated company - 412,294
VAT 2,487 -
5,672 778,239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 21,625 280,054
Tax 2 1
VAT - 31,948
Other creditors 188,234 -
Directors' current accounts 96,672 24,393
Accruals and deferred income 2,250 5,750
308,783 342,146