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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
Page
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Ethan Investments Ltd Company Information for the year ended 30 April 2023
Director
Mr A Hussain
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
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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
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Ethan Investments Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,363,935 
900,000 
Current assets
Debtors
11,498 
11,497 
Cash at bank and in hand
130,727 
116,676 
142,225 
128,173 
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 
Capital and reserves
Share premium
400 
400 
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
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Ethan Investments Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
4
Investment property
2023 
£ 
Fair value at 1 May 2022
900,000 
Additions
463,935 
At 30 April 2023
1,363,935 
5
Debtors
2023 
2022 
£ 
£ 
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 
- 
VAT
106 
892 
Taxes and social security
12,866 
11,884 
Other creditors
743 
1,000 
43,700 
13,776 
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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 
- 
973,867 
578,837 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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