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REGISTERED NUMBER: 07821017 (England and Wales)


















Estel Property Investments No.4 Limited

Financial Statements for the Year Ended 31st December 2022






Estel Property Investments No.4 Limited (Registered number: 07821017)






Contents of the Financial Statements
for the year ended 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Estel Property Investments No.4 Limited

Company Information
for the year ended 31st December 2022







DIRECTORS: P Danson
M Danson





REGISTERED OFFICE: John Carpenter House
John Carpenter Street
London
London
EC4Y 0AN





REGISTERED NUMBER: 07821017 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Estel Property Investments No.4 Limited (Registered number: 07821017)

Balance Sheet
31st December 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 185,870 689,258
Cash at bank 590 200,021
186,460 889,279
CREDITORS
Amounts falling due within one year 5 78,226 780,958
NET CURRENT ASSETS 108,234 108,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,234

108,321

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 107,234 107,321
108,234 108,321

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 9th October 2023 and were signed on its behalf by:





P Danson - Director


Estel Property Investments No.4 Limited (Registered number: 07821017)

Notes to the Financial Statements
for the year ended 31st December 2022

1. STATUTORY INFORMATION

Estel Property Investments No.4 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, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all year presented unless otherwise stated.

Going concern
Following the sale of the company's investment property in the prior year and the winding down of other investment activities , the directors intend to apply for voluntary strike off under S1003 of the Companies Act 2006. Accordingly the directors do not consider the company to be a going concern. As a consequence these financial statements have been prepared on a basis other than going concern.

Turnover
Turnover represents the value of services provided and rental income accruing during the period stated net of VAT. Rent received on freehold property is recognised straight line over the term of the lease. The Directors consider the activities of the business to constitute a single class of business, originating wholly in the United Kingdom.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

3. EMPLOYEES AND DIRECTORS

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

Estel Property Investments No.4 Limited (Registered number: 07821017)

Notes to the Financial Statements - continued
for the year ended 31st December 2022

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 184,870 673,263
Other debtors 1,000 15,995
185,870 689,258

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings - 190,398
Corporation tax - 505,361
Social security and other taxes - 6,520
Amounts owed to related party 74,059 74,059
Accruals and deferred income 4,167 4,620
78,226 780,958

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

The unqualified opinion referred to the following matter:

Emphasis of Matter - Basis of preparation other than going concern
We draw attention to Note 1 of the financial statements which explains that the directors intend to wind up the company following the sale of the sole investment property and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1. Our opinion is not modified in respect of this matter.


Stephen Bramall BSc., FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

7. RELATED PARTY TRANSACTIONS

Amounts due to related parties at 31 December 2022 includes £74,059 due to Michael Danson.

8. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company up until 4 March 2022 was New Statesman Media Group Limited. On this date New Statesman Media Group Limited became a subsidiary of Progressive Holdco Limited, who became the ultimate parent company. Progressive Holdco Limited is the smallest and largest group in which the company's results are consolidated.

Michael Danson is the ultimate controlling party through his 100% shareholding of Progressive Holdco Limited.