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REGISTERED NUMBER: 03838354 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EVINGTON PROPERTIES LIMITED

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


EVINGTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G S Sandhu
E S Sandhu





SECRETARY: E S Sandhu





REGISTERED OFFICE: 42 Lampton Road
Hounslow
Middlesex
TW3 1JH





REGISTERED NUMBER: 03838354 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,576 8,463
Investment property 5 1,600,000 1,600,000
1,607,576 1,608,463

CURRENT ASSETS
Debtors 6 4,140 2,185
Cash at bank 1,467,939 1,505,041
1,472,079 1,507,226
CREDITORS
Amounts falling due within one year 7 685,494 682,370
NET CURRENT ASSETS 786,585 824,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,394,161

2,433,319

CREDITORS
Amounts falling due after more than one
year

8

(525,000

)

(525,000

)

PROVISIONS FOR LIABILITIES (116,591 ) (88,876 )
NET ASSETS 1,752,570 1,819,443

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 547,389 574,948
Retained earnings 9 1,205,081 1,244,395
SHAREHOLDERS' FUNDS 1,752,570 1,819,443

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.

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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 31 October 2023 and were signed on its behalf by:





E S Sandhu - Director


EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


1. STATUTORY INFORMATION

Evington 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.

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.

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.
Office equipment - 15% on reducing balance

INVESTMENT PROPERTY
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

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.

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.

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022 52,611
Additions 450
At 31 March 2023 53,061
DEPRECIATION
At 1 April 2022 44,148
Charge for year 1,337
At 31 March 2023 45,485
NET BOOK VALUE
At 31 March 2023 7,576
At 31 March 2022 8,463

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,600,000
NET BOOK VALUE
At 31 March 2023 1,600,000
At 31 March 2022 1,600,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2007 (44,533 )
Valuation in 2008 (80,000 )
Valuation in 2009 140,000
Valuation in 2010 424,000
Valuation in 2011 (83,926 )
Valuation in 2012 (103,541 )
Valuation in 2014 60,000
Valuation in 2018 552,108
Valuation in 2020 (75,000 )
Valuation in 2021 25,000
Cost 785,892
1,600,000

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 989 143
Other debtors 3,151 2,042
4,140 2,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 336 165
Taxation and social security 3,704 3,298
Other creditors 681,454 678,907
685,494 682,370

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 525,000 525,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Woolwich Britannic House 525,000 525,000

The bank loan is secured over the company's investment properties.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 1,244,395 574,948 1,819,343
Deficit for the year (52,587 ) (52,587 )
Dividends (14,285 ) (14,285 )
Transfer to fair value reserve 27,558 (27,559 ) (1 )
At 31 March 2023 1,205,081 547,389 1,752,470

10. RELATED PARTY DISCLOSURES

Debtors include Nil (2022 : £468) due from Mr G S Sandhu , director of the company. During this year, loans of £1,000 to Central Court Limited, a company controlled by the directors, were written off.

11. CONTROLLING PARTY

The company is under the control of its director, Mr E Sandhu by virtue of his shareholding in the company.