IRIS Accounts Production
v23.3.0.418
06345613
Board of Directors
1.7.22
30.6.23
30.6.23
false
true
false
false
true
false
Ordinary A
1.00000
Ordinary B
1.00000
Ordinary C,D,E
1.00000
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REGISTERED NUMBER: 06345613 (England and Wales) |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 30 JUNE 2023 | |
| MOUNT EPHRAIM PROJECTS LIMITED | |
Statement of Financial Position |
2 |
|
Notes to the Financial Statements |
4 |
|
|
REGISTERED OFFICE: |
Unit 2.02 |
|
REGISTERED NUMBER: |
06345613 (England and Wales) |
|
ACCOUNTANTS: |
Acuity Professional Partnership LLP |
Tangible assets |
4 |
517,950 |
|
519,468 |
|
|
Amounts falling due within one year |
7 |
905,155 |
|
884,780 |
|
|
NET CURRENT LIABILITIES |
(901,038 |
) |
(876,982 |
) |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
(383,088 |
) |
(357,514 |
) |
|
PROVISIONS FOR LIABILITIES |
26,006 |
|
26,006 |
|
|
NET LIABILITIES |
(409,094 |
) |
(383,520 |
) |
|
Called up share capital |
8 |
130 |
|
130 |
|
|
Special reserve |
132,029 |
|
132,029 |
|
|
Retained earnings |
(541,253 |
) |
(515,679 |
) |
|
SHAREHOLDERS' FUNDS |
(409,094 |
) |
(383,520 |
) |
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 3 November 2023 and were signed on its behalf by: |
|
Mount Ephraim Projects 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. |
|
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 as modified by the revaluation of certain assets. |
|
The company's accounts show net loss in the current year as well as last year. However, the directors have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts. |
|
TANGIBLE FIXED ASSETS AND DEPRECIATION |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Plant and machinery |
- |
25% on reducing balance |
|
Fixtures and fittings |
- |
20% on reducing balance |
|
Computer equipment |
- |
25% on reducing balance |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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 statement of financial position date. |
|
Fixed asset investments are stated at fair value determined by the directors. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 3 (2022 - 2 ) . |
|
Freehold |
|
Plant and |
|
and |
|
Computer |
|
|
property |
|
machinery |
|
fittings |
|
equipment |
|
Totals |
|
At 1 July 2022 |
511,343 |
|
8,860 |
|
1,774 |
|
9,613 |
|
531,590 |
|
|
|
At 30 June 2023 |
511,343 |
|
8,860 |
|
1,774 |
|
10,262 |
|
532,239 |
|
|
|
At 1 July 2022 |
- |
|
4,726 |
|
1,475 |
|
5,921 |
|
12,122 |
|
|
|
Charge for year |
- |
|
1,033 |
|
60 |
|
1,074 |
|
2,167 |
|
|
|
At 30 June 2023 |
- |
|
5,759 |
|
1,535 |
|
6,995 |
|
14,289 |
|
|
|
At 30 June 2023 |
511,343 |
|
3,101 |
|
239 |
|
3,267 |
|
517,950 |
|
|
|
At 30 June 2022 |
511,343 |
|
4,134 |
|
299 |
|
3,692 |
|
519,468 |
|
|
|
Cost or valuation at 30 June 2023 is represented by: |
|
Freehold |
|
Plant and |
|
and |
|
Computer |
|
|
property |
|
machinery |
|
fittings |
|
equipment |
|
Totals |
|
Valuation in 2019 |
158,036 |
|
- |
|
- |
|
- |
|
158,036 |
|
|
|
Cost |
353,307 |
|
8,860 |
|
1,774 |
|
10,262 |
|
374,203 |
|
|
511,343 |
|
8,860 |
|
1,774 |
|
10,262 |
|
532,239 |
|
|
6. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Other creditors |
905,155 |
|
884,780 |
|
|
8. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
2023 |
2022 |
|
|
30 |
Ordinary C,D,E |
£1 |
30 |
|
30 |
|
|
|
The retained earnings comprise of the balance of profits accumulated over the life of the company. This reserve is distributable. |
|
The special reserve comprise the balance of fair valuations relating to the investment property net of deferred tax on the gain. This reserve is non-distributable. |