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EBURY PROPERTY MANAGEMENT LTD
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
Ebury Property Management Ltd is a limited liability company registered in England & Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London W1K 3NB and its principal place of business is 25 Eccleston Place, London SW1W 9NF.
Its prinicipal business activity is that of property management.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The Company made a loss in the year and has net current liabilities and net liabilities at the year end. The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependent on the continued support of the parent company. The directors are satisfied that sufficient facilities will continue to be made available for at least twelve months from the date of approval of these financial statements and that the Company will be able to meet its working capital requirements for the foreseeable future.
Revenue for property management and related services is recognised in the period in which those services are provided.
Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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