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REGISTERED NUMBER: 11377479 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

EBWORTH PROPERTIES LIMITED

EBWORTH PROPERTIES LIMITED (REGISTERED NUMBER: 11377479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EBWORTH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G M Walsh
C A Walsh





REGISTERED OFFICE: Alpenfield
Far End
Sheepscombe
Stroud
Gloucestershire
GL6 7RL





REGISTERED NUMBER: 11377479 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

EBWORTH PROPERTIES LIMITED (REGISTERED NUMBER: 11377479)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,865 50,679
Investment property 5 880,000 880,000
950,865 930,679

CURRENT ASSETS
Stocks 1,279,011 1,294,311
Debtors 6 11,383 17,968
Cash at bank 172,212 123,514
1,462,606 1,435,793
CREDITORS
Amounts falling due within one year 7 1,308,448 1,332,893
NET CURRENT ASSETS 154,158 102,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,105,023

1,033,579

PROVISIONS FOR LIABILITIES 71,850 50,712
NET ASSETS 1,033,173 982,867

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,032,973 982,667
1,033,173 982,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

EBWORTH PROPERTIES LIMITED (REGISTERED NUMBER: 11377479)

BALANCE SHEET - continued
31 MAY 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 23 November 2023 and were signed on its behalf by:





G M Walsh - Director


EBWORTH PROPERTIES LIMITED (REGISTERED NUMBER: 11377479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Ebworth Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is recognised on completion of property sales. Work in progress is valued at the lower of cost and net realisable value having regard for the state of completion of the project.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

EBWORTH PROPERTIES LIMITED (REGISTERED NUMBER: 11377479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 90,100 - 90,100
Additions 7,323 33,386 40,709
At 31 May 2023 97,423 33,386 130,809
DEPRECIATION
At 1 June 2022 39,421 - 39,421
Charge for year 14,280 6,243 20,523
At 31 May 2023 53,701 6,243 59,944
NET BOOK VALUE
At 31 May 2023 43,722 27,143 70,865
At 31 May 2022 50,679 - 50,679

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 880,000
NET BOOK VALUE
At 31 May 2023 880,000
At 31 May 2022 880,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 11,383 17,968

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,420 46,197
Corporation Tax 11,975 23,230
Other creditors - 714
Directors' current accounts 1,268,178 1,260,967
Accrued expenses 1,875 1,785
1,308,448 1,332,893

EBWORTH PROPERTIES LIMITED (REGISTERED NUMBER: 11377479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. SECURED DEBTS

On 26 February 2019 Handelsbanken plc registered a charge over all the property and undertaking or the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
G M Walsh and C A Walsh
Balance outstanding at start of year (1,260,967 ) (1,387,162 )
Amounts advanced 6,336 697,000
Amounts repaid (13,547 ) (570,805 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,268,178 ) (1,260,967 )

The loan has no set repayment terms and no interest has been charged.