Evelyn Court Developments (SE) Ltd 12472074 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of the development of building projects Digita Accounts Production Advanced 6.30.9574.0 true true 12472074 2022-03-01 2023-02-28 12472074 2023-02-28 12472074 core:CurrentFinancialInstruments 2023-02-28 12472074 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12472074 bus:SmallEntities 2022-03-01 2023-02-28 12472074 bus:Audited 2022-03-01 2023-02-28 12472074 bus:FullAccounts 2022-03-01 2023-02-28 12472074 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12472074 bus:RegisteredOffice 2022-03-01 2023-02-28 12472074 bus:Director1 2022-03-01 2023-02-28 12472074 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12472074 countries:AllCountries 2022-03-01 2023-02-28 12472074 2021-03-01 2022-02-28 12472074 2022-02-28 12472074 core:CurrentFinancialInstruments 2022-02-28 12472074 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 12472074

Evelyn Court Developments (SE) Ltd

Financial Statements

for the Year Ended 28 February 2023

Brebners
Chartered Accountants & Statutory Auditor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Evelyn Court Developments (SE) Ltd

Statement of Financial Position as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Stocks

5

378,788

254,456

Debtors

6

102,390

115,983

Cash at bank and in hand

 

12,943

31,963

 

494,121

402,402

Creditors: Amounts falling due within one year

7

(534,791)

(439,337)

Net liabilities

 

(40,670)

(36,935)

Capital and reserves

 

Called up share capital

300

300

Retained earnings

(40,970)

(37,235)

Shareholders' deficit

 

(40,670)

(36,935)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

.........................................

Mr A R Court

Director

Company registration number: 12472074

 

Evelyn Court Developments (SE) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
c/o Brebners
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the development of building projects

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 14 November 2023 was Martin Widdowson, who signed for and on behalf of Brebners.

3

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 28 February 2023 and had net liabilities at that date of £40,670.

At 28 February 2023 an amount of £513,892 was due to related undertakings who have confirmed they will not call for repayment until such time as the company has sufficient working capital and will continue to provide working capital facilities as required whilst the company undertakes its building projects.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Evelyn Court Developments (SE) Ltd

Notes to the Financial Statements for the Year Ended 28 February 2023

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

5

Stocks

2023
£

2022
£

Work in progress

378,788

254,456

Work in progress includes an amount of £86,642 (2022: £41,812) in respect of capitalised interest.

6

Debtors

2023
£

2022
£

Other debtors

102,390

115,983

102,390

115,983

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

17,399

75,725

Other creditors

517,392

363,612

534,791

439,337