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ETERNIT PROPERTIES LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2022






ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ETERNIT PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2022







DIRECTORS: C E Marsh
A C Bernstein



SECRETARY: A C Bernstein



REGISTERED OFFICE: Premier Suite
4 Churchill Court
Station Road
North Harrow
Middlesex
HA2 7ST



REGISTERED NUMBER: 02865532 (England and Wales)



ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



BANKERS: Barclays Bank PLC
Corporate Branch
Leicester
Leicestershire
LE87 2BB

ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532)

STATEMENT OF FINANCIAL POSITION
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16 19

CURRENT ASSETS
Stocks 373,501 747,341
Cash at bank and in hand 1,250,991 839,966
1,624,492 1,587,307
CREDITORS
Amounts falling due within one year 6 1,200,080 1,212,800
NET CURRENT ASSETS 424,412 374,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,428

374,526


CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 424,328 374,426
SHAREHOLDERS' FUNDS 424,428 374,526
424,428 374,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2022


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 4 October 2023 and were signed on its behalf by:





C E Marsh - Director


ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2022


1. STATUTORY INFORMATION

Eternit Properties 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.

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


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.

The company adopted the new accounting standard FRS102 on 1 January 2016. No amendments have been necessitated to the previously reported figures.

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 - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

4. EMPLOYEES AND DIRECTORS

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

ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 January 2022
and 31 December 2022 750
Depreciation
At 1 January 2022 731
Charge for year 3
At 31 December 2022 734
Net book value
At 31 December 2022 16
At 31 December 2021 19

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 11,766 12,200
Other creditors 1,188,314 1,200,600
1,200,080 1,212,800

Included in creditors is an amount of £1,129,367 (2021 - £1,137,602) due to a director, which does not attract any interest but is repayable upon demand.

7. CONTINGENT LIABILITIES

As far as the director is aware, there were no contingent liabilities at the balance sheet date.


8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £56,948 (2021 - £60,948) to a company in which the directors have a controlling interest. No interest is payable and the loan is repayable on demand.

Management fee income received of £20,000 (2021 - £20,000) is from the company stated above.

.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C E Marsh.