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REGISTERED NUMBER: 01675023 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

EDGEHILL DEVELOPMENTS LIMITED

EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDGEHILL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: J C White
A P White





SECRETARY: J C White





REGISTERED OFFICE: Nutgrove House
Nutgrove Lane
Chew Magna
Bristol
BS40 8PU





REGISTERED NUMBER: 01675023 (England and Wales)





ACCOUNTANTS: John Davis & Co
172 Gloucester Road
Bristol
BS7 8NU

EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,013,319 41,170,432

CURRENT ASSETS
Debtors 5 741,198 672,237
Cash at bank and in hand 276,877 349,857
1,018,075 1,022,094
CREDITORS
Amounts falling due within one year 6 628,608 388,692
NET CURRENT ASSETS 389,467 633,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,402,786

41,803,834

CREDITORS
Amounts falling due after more than
one year

7

(13,048,000

)

(13,864,000

)

PROVISIONS FOR LIABILITIES (3,841,686 ) -
NET ASSETS 23,513,100 27,939,834

EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

BALANCE SHEET - continued
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 24,932,047 25,768,078
Retained earnings (1,418,949 ) 2,171,754
SHAREHOLDERS' FUNDS 23,513,100 27,939,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 23 October 2023 and were signed on its behalf by:





A P White - Director


EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Edgehill Developments 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents from real estate investments and sale of real estate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

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.


EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

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 9 (2022 - 9 ) .

EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 41,167,014 69,967 41,236,981
Additions 2,530 11,700 14,230
Disposals (328,969 ) (31,660 ) (360,629 )
Revaluations (836,031 ) - (836,031 )
At 28 February 2023 40,004,544 50,007 40,054,551
DEPRECIATION
At 1 March 2022 - 66,549 66,549
Charge for year - 2,925 2,925
Eliminated on disposal - (28,242 ) (28,242 )
At 28 February 2023 - 41,232 41,232
NET BOOK VALUE
At 28 February 2023 40,004,544 8,775 40,013,319
At 28 February 2022 41,167,014 3,418 41,170,432

Cost or valuation at 28 February 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 24,932,047 - 24,932,047
Cost 15,072,497 50,007 15,122,504
40,004,544 50,007 40,054,551

EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 15,072,497 15,398,936

Freehold land and buildings were valued on an open market basis on 29 February 2020 by Mr J White (a Director) BA BARCH .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.23 28.2.22
£    £   
Trade debtors 4,680 9,534
Other debtors 736,518 662,703
741,198 672,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
28.2.23 28.2.22
£    £   
Trade creditors 8,761 28,896
Taxation and social security 46,174 76,115
Other creditors 573,673 283,681
628,608 388,692

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 13,048,000 13,864,000

EDGEHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01675023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. RESERVES
Revaluation
reserve
£   
At 1 March 2022 25,768,078
Transfer on disposal (836,031 )

At 28 February 2023 24,932,047

9. LOAN SECURITY

The loans and bank overdraft are secured over certain freehold properties.