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REGISTERED NUMBER: 08603467 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EDWARDSON LETTINGS LIMITED

EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDWARDSON LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R S J Keeley
Mrs K Keeley





SECRETARY: Mr G Rooke





REGISTERED OFFICE: 6 Langdale Court
Witney
Oxfordshire
OX28 6FG





BUSINESS ADDRESS: 175 Elms Crescent
London
SW4 8QQ





REGISTERED NUMBER: 08603467 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
6 Langdale Court
Witney
Oxfordshire
OX28 6FG

EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,168 179,979
Investment property 5 3,943,736 3,530,000
4,116,904 3,709,979

CURRENT ASSETS
Debtors 6 1,570 4,317
Cash at bank 3,681 5,686
5,251 10,003
CREDITORS
Amounts falling due within one year 7 1,906,216 1,725,513
NET CURRENT LIABILITIES (1,900,965 ) (1,715,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,939

1,994,469

CREDITORS
Amounts falling due after more than one
year

8

(1,813,523

)

(1,599,756

)

PROVISIONS FOR LIABILITIES 11 (53,953 ) (53,953 )
NET ASSETS 348,463 340,760

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 348,363 340,660
SHAREHOLDERS' FUNDS 348,463 340,760

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.

EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)

BALANCE SHEET - continued
31 MARCH 2023


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 2 November 2023 and were signed on its behalf by:





Mr R S J Keeley - Director


EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Edwardson Lettings 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis on the understanding that the company has received assurances of support from its director, in that the director will not seek repayment of the directors loan in preference of other creditors.

Turnover
Turnover represents gross rent receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - not provided - see below
Fixtures and fittings - 10% on cost
Computer equipment - 25% on reducing balance

Tenants improvements - Depreciation is not provided as in the opinion of the directors the residual value of expenditure on tenants improvements will not be materially different to the residual value over the estimated useful live of 50 years.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 115,696 96,813 1,893 214,402
Additions 2,976 - - 2,976
At 31 March 2023 118,672 96,813 1,893 217,378
DEPRECIATION
At 1 April 2022 - 32,946 1,477 34,423
Charge for year - 9,683 104 9,787
At 31 March 2023 - 42,629 1,581 44,210
NET BOOK VALUE
At 31 March 2023 118,672 54,184 312 173,168
At 31 March 2022 115,696 63,867 416 179,979

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,530,000
Additions 413,736
At 31 March 2023 3,943,736
NET BOOK VALUE
At 31 March 2023 3,943,736
At 31 March 2022 3,530,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 301,312
Valuation in 2022 (17,347 )
Cost 3,659,771
3,943,736

EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 3,659,771 3,246,034

Investment properties were valued on an open market basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,220 270
Prepayments 350 4,047
1,570 4,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 19,500 16,500
Trade creditors 364 -
Tax 4,133 6,060
Other creditors 525 1,500
Directors' current accounts 1,878,966 1,698,379
Accrued expenses 2,728 3,074
1,906,216 1,725,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 1,813,523 1,599,756

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,735,523 1,533,756

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 19,500 16,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 78,000 66,000

EDWARDSON LETTINGS LIMITED (REGISTERED NUMBER: 08603467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,735,523 1,533,756

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 1,833,023 1,616,256

The bank loans are secured by way of various charges over the investment properties and the company's other assets in favour of Handelsbanken.

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Other timing differences 53,953 53,953

Deferred
tax
£   
Balance at 1 April 2022 53,953
Balance at 31 March 2023 53,953

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100