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REGISTERED NUMBER: 03210336 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

E AND S ESTATES LIMITED

E AND S ESTATES LIMITED (REGISTERED NUMBER: 03210336)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E AND S ESTATES LIMITED

Company Information
for the year ended 31 March 2023







Directors: B N Habib
J A Aubrey
M S Pryce





Registered office: 32 St James's Street
London
SW1A 1HD





Registered number: 03210336 (England and Wales)





Auditors: Haines Watts
Chartered Accountants and Statutory Auditor
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

E AND S ESTATES LIMITED (REGISTERED NUMBER: 03210336)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £ £ £ £
Fixed assets
Investments 4 320,367 589,178

Current assets
Debtors 5 - 598,209
Cash at bank 582,678 10
582,678 598,219
Creditors
Amounts falling due within one year 6 4,758 890,197
Net current assets/(liabilities) 577,920 (291,978 )
Total assets less current liabilities 898,287 297,200

Provisions for liabilities 10,741 -
Net assets 887,546 297,200

Capital and reserves
Called up share capital 300 300
Share premium 7 71,400 71,400
Foreign exchange
translation reserve 7 - (4,555 )
Retained earnings 7 815,846 230,055
Shareholders' funds 887,546 297,200

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:





M S Pryce - Director


E AND S ESTATES LIMITED (REGISTERED NUMBER: 03210336)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

E and S Estates 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of financial statements in conformity with FRS 102 requires management to use accounting estimates and exercise judgement in the process of applying the company's accounting policies. There were no areas which required significant judgement or measurement uncertainty.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. Monetary items which are denominated in
foreign currencies, such as loans which form part of the net investment in the subsidiary undertaking, are
translated into sterling at the balance sheet date.The zloty loans advanced to its Polish Subsidiary are included in the cost of the investment because they are deemed to be long term sources of finance, as permanent as equity, where settlement is neither planned nor likely to occur in the foreseeable future.

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.

E AND S ESTATES LIMITED (REGISTERED NUMBER: 03210336)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors have considered a period of twelve months from the date of approval of the financial statements, which has included a review of the potential impact on trading that the current high inflation and rising interest rate environment may have for the company going forward. Having taken account of all available information about the future, including the company's most recent trading results, budgets and cash flow forecasts, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. Employees and directors

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

4. Fixed asset investments

31/3/23 31/3/22
£ £
Shares in group undertakings 3,922 3,922
Loans to group undertakings 316,445 585,256
320,367 589,178

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 April 2022
and 31 March 2023 3,922
Net book value
At 31 March 2023 3,922
At 31 March 2022 3,922

E AND S ESTATES LIMITED (REGISTERED NUMBER: 03210336)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Fixed asset investments - continued
Loans to
group
undertakings
£
At 1 April 2022 1,046,294
Repaid in year (729,849 )
Provision b/f (461,038 )
Provision written back in year 461,038
At 31 March 2023 316,445

5. Debtors: amounts falling due within one year
31/3/23 31/3/22
£ £
Other debtors - 598,209

6. Creditors: amounts falling due within one year
31/3/23 31/3/22
£ £
Amounts owed to group undertakings - 885,846
Other creditors 4,758 4,351
4,758 890,197

7. Reserves
Foreign
exchange
Retained Share translation
earnings premium reserve Totals
£ £ £ £

At 1 April 2022 230,055 71,400 (4,555 ) 296,900
Profit for the year 585,791 585,791
Net unrealised exchange profit - - 4,555 4,555
At 31 March 2023 815,846 71,400 - 887,246

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

George Style ACA (Senior Statutory Auditor)
for and on behalf of Haines Watts

9. Related party disclosures

Included in creditors due within one year is a loan of £Nil (2022 - £885,846) received from its parent company First Property Group Plc.

E AND S ESTATES LIMITED (REGISTERED NUMBER: 03210336)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


10. Ultimate controlling party

The ultimate controlling party is First Property Group Plc.