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REGISTERED NUMBER: 07811293 (England and Wales)
























Financial Statements

for the Year Ended 28 February 2023

for

EPIC Project Holdings Co Ltd

EPIC Project Holdings Co Ltd (Registered number: 07811293)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPIC Project Holdings Co Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J P Reilly
R J Raymond





SECRETARY: J P Reilly





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





REGISTERED NUMBER: 07811293 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

EPIC Project Holdings Co Ltd (Registered number: 07811293)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,000 2,000
Investment property 5 400,000 400,000
402,000 402,000

CURRENT ASSETS
Debtors 6 30,960 11,272
Cash at bank 725 6,697
31,685 17,969
CREDITORS
Amounts falling due within one year 7 100,571 78,154
NET CURRENT LIABILITIES (68,886 ) (60,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,114

341,815

CREDITORS
Amounts falling due after more than one year 8 (65,657 ) (98,313 )

PROVISIONS FOR LIABILITIES (17,758 ) (17,758 )
NET ASSETS 249,699 225,744

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 75,706 75,706
Retained earnings 11 172,993 149,038
SHAREHOLDERS' FUNDS 249,699 225,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

EPIC Project Holdings Co Ltd (Registered number: 07811293)

Balance Sheet - continued
28 February 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 27 October 2023 and were signed on its behalf by:





R J Raymond - Director


EPIC Project Holdings Co Ltd (Registered number: 07811293)

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

1. STATUTORY INFORMATION

EPIC Project Holdings Co Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about EPIC Project Holdings Co Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net rents received, excluding value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 2,000
NET BOOK VALUE
At 28 February 2023 2,000
At 28 February 2022 2,000

EPIC Project Holdings Co Ltd (Registered number: 07811293)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 400,000
NET BOOK VALUE
At 28 February 2023 400,000
At 28 February 2022 400,000

The investment property is shown at its fair value at the Balance Sheet date as valued by the directors. The valuation was made on a fair value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 93,464
Cost 306,536
400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,960 6,000
Amounts owed by group undertakings - 5,272
30,960 11,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 31,885 31,885
Trade creditors 576 -
Amounts owed to group undertakings 18,834 -
Tax 13,195 10,919
Social security and other taxes 8,321 2,300
Other creditors 2,600 500
Directors' current accounts 25,160 32,550
100,571 78,154

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 65,657 98,313

EPIC Project Holdings Co Ltd (Registered number: 07811293)

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

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,885 31,885

Amounts falling due between one and two years:
Bank loans - 1-2 years 31,885 31,885

Amounts falling due between two and five years:
Bank loans - 2-5 years 33,772 66,428

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 97,542 130,198

Barclays Bank Plc have a fixed charge over the company's freehold property.

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

At 1 March 2022 149,038 75,706 224,744
Profit for the year 143,955 143,955
Dividends (120,000 ) (120,000 )
At 28 February 2023 172,993 75,706 248,699

EPIC Project Holdings Co Ltd (Registered number: 07811293)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
J P Reilly and R J Raymond
Balance outstanding at start of year - 49,352
Amounts repaid - (49,352 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan is repayable on demand. No interest is charged.