Registered number
10470538
EALING HOMES LTD
Unaudited Filleted Accounts
30 November 2022
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
EALING HOMES LTD
Registered number: 10470538
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,983,104 3,983,104
Current assets
Debtors 4 530,363 280,362
Cash at bank and in hand 166,080 32,306
696,443 312,668
Creditors: amounts falling due within one year 5 (132,741) (80,121)
Net current assets 563,702 232,547
Total assets less current liabilities 4,546,806 4,215,651
Creditors: amounts falling due after more than one year 6 (1,170,946) (943,977)
Provisions for liabilities (579,500) (579,500)
Net assets 2,796,360 2,692,174
Capital and reserves
Called up share capital 112 112
Revaluation reserve 7 2,470,500 2,470,500
Profit and loss account 325,748 221,562
Shareholders' funds 2,796,360 2,692,174
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ramesh Chand Gogna
Director
Approved by the board on 8 November 2023
EALING HOMES LTD
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received and net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 25% Written Down Value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2021 3,983,104
At 30 November 2022 3,983,104
Depreciation
At 30 November 2022 -
Net book value
At 30 November 2022 3,983,104
At 30 November 2021 3,983,104
4 Debtors 2022 2021
£ £
Other debtors 530,363 280,362
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 46,980 28,625
Other creditors 85,761 51,496
132,741 80,121
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 479,507 -
Other creditors 691,439 943,977
1,170,946 943,977
7 Revaluation reserve 2022 2021
£ £
At 1 December 2021 2,470,500 2,470,500
At 30 November 2022 2,470,500 2,470,500
This related to the gain arising on the revaluation of the company's land and buildings as at
30 November 2022. The directors are not aware of any material change in value since the date
of valuation.
8 Controlling party
The company was under the control of Mr R C & Mrs K R Gogna who were also the Directors and Shareholders of the company throughout the year.
9 Other information
EALING HOMES LTD is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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