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REGISTERED NUMBER: 06465935 (England and Wales)


Eaton Green Estate Agents Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Eaton Green Estate Agents Limited (Registered number: 06465935)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Eaton Green Estate Agents Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr M K Enver
Mr O R Cannur





SECRETARY: Mr O R Cannur





REGISTERED OFFICE: 112 Denmark Hill
Camberwell
London
SE5 8RX





REGISTERED NUMBER: 06465935 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eaton Green Estate Agents Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eaton Green Estate Agents Limited for the year ended 31 March 2023 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eaton Green Estate Agents Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eaton Green Estate Agents Limited and state those matters that we have agreed to state to the Board of Directors of Eaton Green Estate Agents Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eaton Green Estate Agents Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eaton Green Estate Agents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eaton Green Estate Agents Limited. You consider that Eaton Green Estate Agents Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eaton Green Estate Agents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


21 October 2023

Eaton Green Estate Agents Limited (Registered number: 06465935)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,084 8,426

CURRENT ASSETS
Inventories 45,012 30,937
Debtors 5 37,027 48,477
Cash at bank and in hand 281,678 270,419
363,717 349,833
CREDITORS
Amounts falling due within one year 6 332,181 315,894
NET CURRENT ASSETS 31,536 33,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,620

42,365

CREDITORS
Amounts falling due after more than one
year

7

(35,167

)

(40,373

)

PROVISIONS FOR LIABILITIES 9 (965 ) (1,685 )
NET ASSETS 488 307

Eaton Green Estate Agents Limited (Registered number: 06465935)

Statement of Financial Position - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 486 305
SHAREHOLDERS' FUNDS 488 307

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

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

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 October 2023 and were signed on its behalf by:




Mr O R Cannur - Director



Mr M K Enver - Director


Eaton Green Estate Agents Limited (Registered number: 06465935)

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

1. STATUTORY INFORMATION

Eaton Green Estate Agents 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. 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.

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

Turnover is derived from the ordinary activities of the business and is recognised when performance obligations are satisfied.

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 - 20% on cost
Fixtures and fittings - 20% on cost

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 inventories to their present location and condition.

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 statement of financial position date.


Eaton Green Estate Agents Limited (Registered number: 06465935)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 50,861
DEPRECIATION
At 1 April 2022 42,435
Charge for year 3,342
At 31 March 2023 45,777
NET BOOK VALUE
At 31 March 2023 5,084
At 31 March 2022 8,426

Eaton Green Estate Agents Limited (Registered number: 06465935)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,483 12,038
Other debtors 21,544 36,439
37,027 48,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 6,343 6,687
Trade creditors 9,403 10,441
Taxation and social security 24,066 33,364
Other creditors 292,369 265,402
332,181 315,894

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 35,167 40,373

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,167 40,373

8. LOANS

Bounce back loan

Government -backed loan.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 965 1,685

Eaton Green Estate Agents Limited (Registered number: 06465935)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 1,685
Credit to Income Statement during year (720 )
Balance at 31 March 2023 965

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 April 2022 305
Profit for the year 33,931
Dividends (33,750 )
At 31 March 2023 486

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr O R Cannur
Balance outstanding at start of year 9,795 9,974
Amounts advanced 16,137 9,795
Amounts repaid (19,000 ) (9,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,932 9,795

Eaton Green Estate Agents Limited (Registered number: 06465935)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr M K Enver
Balance outstanding at start of year 9,790 9,959
Amounts advanced 16,194 9,790
Amounts repaid (19,000 ) (9,959 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,984 9,790

Directors' repaid their loans to company within nine months and one day of the company's year-end.

13. RELATED PARTY DISCLOSURES

Transactions with key management personnel:

At balance sheet date related party owed the company in total £13,916 (2022: £19,585).
An interest- free loan repayable on demand and presented within debtors.

14. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by the directors by virtue of their combined shareholdings.