REGISTERED NUMBER: |
Estel Property Investments No.2 Limited |
Financial Statements for the Year Ended 31st December 2022 |
REGISTERED NUMBER: |
Estel Property Investments No.2 Limited |
Financial Statements for the Year Ended 31st December 2022 |
Estel Property Investments No.2 Limited (Registered number: 07008016) |
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.2 Limited |
Company Information |
for the year ended 31st December 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
Estel Property Investments No.2 Limited (Registered number: 07008016) |
Balance Sheet |
31st December 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Estel Property Investments No.2 Limited (Registered number: 07008016) |
Notes to the Financial Statements |
for the year ended 31st December 2022 |
1. | STATUTORY INFORMATION |
Estel Property Investments No.2 Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
Following the realisation of the company's assets, settlement of liabilities and distribution of the net proceeds, the director intends to apply for voluntary strike off under S1003 of the Companies Act 2006.. Accordingly the director does 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts due from related parties |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed to group undertakings |
Accruals and deferred income |
Estel Property Investments No.2 Limited (Registered number: 07008016) |
Notes to the Financial Statements - continued |
for the year ended 31st December 2022 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
7. | RESERVES |
Retained |
earnings |
£ |
Profit for the year |
At 31st December 2022 |
8. | 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 director intends to wind up the company following the realisation of the assets, settlement of liabilities and distribution of the net proceeds, and therefore does 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. |
for and on behalf of Smailes Goldie |
9. | ULTIMATE CONTROLLING PARTY |
At the balance sheet date the company's ultimate parent company is Progressive Holdco Limited a company incorporated in the UK. This company is the largest and smallest group in which these accounts are consolidated. The registered office is Studio 5 Salters House, 156 High Street, Hull, HU1 1NQ. |
Michael Danson is the ultimate controlling party through his 100% shareholding of Estel Property Group Limited and subsequently Progressive Holdco Limited. |