Company Registration No. 10153345 (England and Wales)
Ethan Investments Ltd
Unaudited accounts
for the year ended 30 April 2023
Ethan Investments Ltd
Unaudited accounts
Contents
Ethan Investments Ltd
Company Information
for the year ended 30 April 2023
Company Number
10153345 (England and Wales)
Registered Office
25 Whetley lane
bradford
BD8 9EH
Accountants
Arif Khan Accountants Limited
25 Whetley Lane
Bradford
W Yorkshire
BD8 9EH
Ethan Investments Ltd
Accountants' report
Accountants' report to the director of Ethan Investments Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 April 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 April 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Arif Khan Accountants Limited
25 Whetley Lane
Bradford
W Yorkshire
BD8 9EH
6 November 2023
Ethan Investments Ltd
Statement of financial position
as at 30 April 2023
Investment property
1,363,935
900,000
Cash at bank and in hand
130,727
116,676
Creditors: amounts falling due within one year
(43,700)
(13,776)
Net current assets
98,525
114,397
Total assets less current liabilities
1,462,460
1,014,397
Creditors: amounts falling due after more than one year
(973,867)
(578,837)
Net assets
488,593
435,560
Revaluation reserve
303,656
303,656
Profit and loss account
184,537
131,504
Shareholders' funds
488,593
435,560
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
Mr A Hussain
Director
Company Registration No. 10153345
Ethan Investments Ltd
Notes to the Accounts
for the year ended 30 April 2023
Ethan Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10153345. The registered office is 25 Whetley lane, bradford, BD8 9EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property comprises of residential and commercial property for letting. The revaluation of the property was made on 30th April 2023 by a professional surveyor company, on an open market value of the property is £1,363,935.00
HSBC bank Plc has a fixed and floating charge on all assets.
Fair value at 1 May 2022
900,000
At 30 April 2023
1,363,935
Amounts falling due within one year
Other debtors
11,498
11,497
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,985
-
Taxes and social security
12,866
11,884
Ethan Investments Ltd
Notes to the Accounts
for the year ended 30 April 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
223,327
283,297
Other creditors
225,000
295,540
Loans from directors
525,540
-
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).