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REGISTERED NUMBER: 05012209 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ESTATES UK (MAINTENANCE) LIMITED

ESTATES UK (MAINTENANCE) LIMITED (REGISTERED NUMBER: 05012209)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESTATES UK (MAINTENANCE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: J M Miller
H J Miller





REGISTERED OFFICE: 9 Waterside Business Park
Livingstone Road
Hessle
Hull
East Yorkshire
HU13 0EG





REGISTERED NUMBER: 05012209 (England and Wales)

ESTATES UK (MAINTENANCE) LIMITED (REGISTERED NUMBER: 05012209)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 106,072 103,224
Investment property 6 216,960 -
323,032 103,224

CURRENT ASSETS
Debtors 7 3,267 8,580
Cash at bank 11,782 32,989
15,049 41,569
CREDITORS
Amounts falling due within one year 8 433,514 244,727
NET CURRENT LIABILITIES (418,465 ) (203,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(95,433

)

(99,934

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (95,434 ) (99,935 )
SHAREHOLDERS' FUNDS (95,433 ) (99,934 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 26 October 2023 and were signed on its behalf by:




H J Miller - Director


ESTATES UK (MAINTENANCE) LIMITED (REGISTERED NUMBER: 05012209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Estates UK (Maintenance) 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. 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 unless otherwise specified within these accounting policies.

The company has net current liabilities of £418,465 (2022 - £203,158) and overall net liabilities of £95,433 (2022 - £99,934).
The company has support from its major creditors, Unilet Limited and Estates UK Limited who have loaned the company monies amounting to £424,827 (2022 - £235,406), which although are repayable upon demand, both creditors have agreed not to pursue repayment until the company has adequate resources to repay the loans in full.
On this basis, the directors consider the company to be a going concern and no adjustments have been included which would result from a withdrawal of the loans from Unilet Limited and Estates UK Limited.

TURNOVER
Turnover represents invoiced hire sales net of discounts and Value Added Tax.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company
and the turnover can be reliably measured.
Turnover is measured as the fair value of the consideration received or receivable during the year and recognised upon completion of the hire term.

TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives using the straight line method on the following basis

Motor vehicles. - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement and retained earnings.

ESTATES UK (MAINTENANCE) LIMITED (REGISTERED NUMBER: 05012209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

The company engage an independent valuer to assist the directors in determining fair value.

Investment property whose fair value can be measured reliably are recorded at fair value with any surplus or deficit on revaluation being recognised in the income statement accumulated in a non-distributable reserve.

No depreciation is charged on investment property.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

ESTATES UK (MAINTENANCE) LIMITED (REGISTERED NUMBER: 05012209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1 February 2022 25,193 189,004 214,197
Additions - 55,615 55,615
At 31 January 2023 25,193 244,619 269,812
DEPRECIATION
At 1 February 2022 25,193 85,780 110,973
Charge for year - 52,767 52,767
At 31 January 2023 25,193 138,547 163,740
NET BOOK VALUE
At 31 January 2023 - 106,072 106,072
At 31 January 2022 - 103,224 103,224

The net book value of assets utilised in operating leases is £106,072 (2022 - £103,224).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 216,960
At 31 January 2023 216,960
NET BOOK VALUE
At 31 January 2023 216,960

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 510 8,580
Other debtors 2,757 -
3,267 8,580

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,033 -
Taxation and social security 4,200 7,396
Other creditors 428,281 237,331
433,514 244,727

ESTATES UK (MAINTENANCE) LIMITED (REGISTERED NUMBER: 05012209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

9. CONTROLLING PARTY

The company is controlled by Mr J A Miller and Mr H J Miller.