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REGISTERED NUMBER: 02608858 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Eckington Properties limited

Eckington Properties limited (Registered number: 02608858)






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


Eckington Properties limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M Herbert
Mrs S.J. Herbert





SECRETARY: M Herbert





REGISTERED OFFICE: Church Lane House
28 Church Lane
Ridgeway
Sheffield
South Yorkshire
S12 3XX





REGISTERED NUMBER: 02608858 (England and Wales)





ACCOUNTANT: Stephen R Rhodes
2 Townhead Mill
Eyam
Hope Valley
Derbyshire
S32 5RE

Eckington Properties limited (Registered number: 02608858)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,373,726 833,853

CURRENT ASSETS
Debtors 5 15,532 23,233
Cash at bank 13,277 55,518
28,809 78,751
CREDITORS
Amounts falling due within one year 6 70,049 42,334
NET CURRENT (LIABILITIES)/ASSETS (41,240 ) 36,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,486

870,270

CREDITORS
Amounts falling due after more than
one year

7

(678,542

)

(223,567

)

PROVISIONS FOR LIABILITIES 8 (3,611 ) (1,604 )
NET ASSETS 650,333 645,099

Eckington Properties limited (Registered number: 02608858)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 650,233 644,999
SHAREHOLDERS' FUNDS 650,333 645,099

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.

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 18 December 2023 and were signed on its behalf by:




M Herbert - Director



Mrs S.J. Herbert - Director


Eckington Properties limited (Registered number: 02608858)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Eckington 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

Eckington Properties limited (Registered number: 02608858)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 825,000 11,893 836,893
Additions 513,450 34,753 548,203
At 31 May 2023 1,338,450 46,646 1,385,096
DEPRECIATION
At 1 June 2022 - 3,040 3,040
Charge for year - 8,330 8,330
At 31 May 2023 - 11,370 11,370
NET BOOK VALUE
At 31 May 2023 1,338,450 35,276 1,373,726
At 31 May 2022 825,000 8,853 833,853

Land and buildings were revalued on 31 May 2020 based on a valuation by Fernie Greaves Limited.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Trade debtors 15,532 8,681
Other debtors - 14,552
15,532 23,233

Eckington Properties limited (Registered number: 02608858)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 25,355 22,709
Hire purchase contracts 11,537 -
Trade creditors 8,968 6,512
Taxation and social security 7,463 8,712
Other creditors 16,726 4,401
70,049 42,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 642,896 178,891
Other creditors 35,646 44,676
678,542 223,567

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 541,476 88,055

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 3,611 1,604

Deferred
tax
£   
Balance at 1 June 2022 1,604
Accelerated allowances 2,007
Balance at 31 May 2023 3,611

Eckington Properties limited (Registered number: 02608858)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. RELATED PARTY DISCLOSURES

Mr M Herbert and Mrs S J Herbert are directors and principal shareholders of Safe Edge Limited.

At 31 May 2023 the company was indebted to Safe Edge Limited the sum of £12,759 by way of an inter - company loan ( 2022: £12,753 owed from Safe Edge Limited ).