IRIS Accounts Production v23.1.0.753 12261596 Board of Directors 1.11.21 31.10.22 31.10.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure122615962021-10-31122615962022-10-31122615962021-11-012022-10-31122615962020-10-31122615962020-11-012021-10-31122615962021-10-3112261596ns16:EnglandWales2021-11-012022-10-3112261596ns15:PoundSterling2021-11-012022-10-3112261596ns11:Director12021-11-012022-10-3112261596ns11:PrivateLimitedCompanyLtd2021-11-012022-10-3112261596ns11:SmallEntities2021-11-012022-10-3112261596ns11:AuditExempt-NoAccountantsReport2021-11-012022-10-3112261596ns11:SmallCompaniesRegimeForDirectorsReport2021-11-012022-10-3112261596ns11:SmallCompaniesRegimeForAccounts2021-11-012022-10-3112261596ns11:FullAccounts2021-11-012022-10-3112261596ns6:CurrentFinancialInstruments2022-10-3112261596ns6:CurrentFinancialInstruments2021-10-3112261596ns6:Non-currentFinancialInstruments2022-10-3112261596ns6:Non-currentFinancialInstruments2021-10-3112261596ns6:ShareCapital2022-10-3112261596ns6:ShareCapital2021-10-3112261596ns6:RetainedEarningsAccumulatedLosses2022-10-3112261596ns6:RetainedEarningsAccumulatedLosses2021-10-3112261596ns11:RegisteredOffice2021-11-012022-10-3112261596ns6:PlantMachinery2021-11-012022-10-3112261596ns6:PlantMachinery2021-10-3112261596ns6:PlantMachinery2022-10-3112261596ns6:PlantMachinery2021-10-3112261596ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-3112261596ns6:WithinOneYearns6:CurrentFinancialInstruments2021-10-3112261596ns11:Director112021-10-3112261596ns11:Director112020-10-3112261596ns11:Director112021-11-012022-10-3112261596ns11:Director112020-11-012021-10-3112261596ns11:Director112022-10-3112261596ns11:Director112021-10-3112261596ns11:Director22021-11-012022-10-31122615962ns11:Director22021-10-31122615962ns11:Director22020-10-31122615962ns11:Director22021-11-012022-10-31122615962ns11:Director22020-11-012021-10-31122615962ns11:Director22022-10-31122615962ns11:Director22021-10-31
REGISTERED NUMBER: 12261596 (England and Wales)

















EDEN ASHRAM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022






EDEN ASHRAM LTD (REGISTERED NUMBER: 12261596)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


EDEN ASHRAM LTD (REGISTERED NUMBER: 12261596)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,079 3,824

CURRENT ASSETS
Stocks 10,050 17,670
Debtors 5 53,938 76,643
Cash at bank 1,044 7,330
65,032 101,643
CREDITORS
Amounts falling due within one year 6 36,283 52,420
NET CURRENT ASSETS 28,749 49,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,828

53,047

CREDITORS
Amounts falling due after more than one year 7 (49,456 ) (50,104 )

PROVISIONS FOR LIABILITIES (585 ) (727 )
NET (LIABILITIES)/ASSETS (18,213 ) 2,216

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (18,223 ) 2,206
SHAREHOLDERS' FUNDS (18,213 ) 2,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mr I G Watson - Director


EDEN ASHRAM LTD (REGISTERED NUMBER: 12261596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Eden Ashram Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12261596

Registered office: 86-90 Paul Street
London
EC2A 4NE

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


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.

Going concern
The directors are of the opinion that it is appropriate to prepare the accounts on the going concern basis, because they have confirmed their continued support for the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


EDEN ASHRAM LTD (REGISTERED NUMBER: 12261596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 5,443
Additions 398
At 31 October 2022 5,841
DEPRECIATION
At 1 November 2021 1,619
Charge for year 1,143
At 31 October 2022 2,762
NET BOOK VALUE
At 31 October 2022 3,079
At 31 October 2021 3,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,905 459
Other debtors 52,033 76,184
53,938 76,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 13,705 33,295
Trade creditors 14,129 14,047
Taxation and social security 3,874 2,802
Other creditors 4,575 2,276
36,283 52,420

EDEN ASHRAM LTD (REGISTERED NUMBER: 12261596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 49,456 50,104

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,901 50,104

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£    £   
Mr I G Watson
Balance outstanding at start of year 18,998 -
Amounts advanced 60,293 35,151
Amounts repaid (69,804 ) (16,153 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,487 18,998

Ms R L Myers
Balance outstanding at start of year - -
Amounts advanced 53,650 -
Amounts repaid (13,240 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,410 -

Interest on the overdrawn directors' loan accounts is payable on a monthly basis at the HMRC official rate of interest, however there are no agreed repayment terms.

During the year interest was amounting to £199 (2021 - £151) in respect of the overdrawn director's loan accounts.

9. RELATED PARTY DISCLOSURES

During the year, dividends paid to the directors totalled £22,144 (2021 - £4,000).