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Registered Number: 14122220
England & Northern Ireland

 

 

 


Unaudited Financial Statements

for the period ended 31 May 2023

for

ESPRIT PROPERTY CONSULTANCY LTD

Directors Lymara Proctor
Dominique Barker
Registered Number 14122220
Registered Office 226 Carlton Road
Lowestoft
NR33 0ND
Accountants JHW Business Services Ltd
13 The Close
Norwich
NR1 4DS
1
Principal activities
Principal activity of the company during the financial period was of ...

This report was approved by the board and signed on its behalf by:


----------------------------------
Lymara Proctor
Director

Date approved: 22 February 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of Esprit Property Consultancy Ltd for the year ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Esprit Property Consultancy Ltd for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/

This report is made solely to the Board of Directors of Esprit Property Consultancy Ltd, as a body, in accordance with the terms of our engagement letter dated 22 February 2024 Our work has been undertaken solely to prepare for your approval the accounts of Esprit Property Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of Esprit Property Consultancy Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Esprit Property Consultancy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Esprit Property Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Esprit Property Consultancy Ltd. You consider that Esprit Property Consultancy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Esprit Property Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 May 2023.



....................................................
JHW Business Services Ltd
13 The Close
Norwich
NR1 4DS
22 February 2024
3
 
 
Notes
 
2023
£
Turnover 24,122 
Cost of sales (3,294)
Gross profit 20,828 
Administrative expenses (26,652)
Operating loss (5,824)
Profit/(Loss) on ordinary activities before taxation (5,824)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (5,824)
 
4
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 625 
625 
Current assets    
Debtors 4 15,000 
Cash at bank and in hand 273 
15,273 
Creditors: amount falling due within one year 5 (21,720)
Net current liabilities (6,447)
 
Total assets less current liabilities (5,822)
Net liabilities (5,822)
 

Capital and reserves
   
Called up share capital 6 2 
Profit and loss account (5,824)
Shareholder's funds (5,822)
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 February 2024 and were signed on its behalf by:


-------------------------------
Lymara Proctor
Director
5
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 21 May 2022
Profit for the period (5,824) (5,824)
Total comprehensive income for the period (5,824) (5,824)
Shares issued 2 
Total investments by and distributions to owners 2 
At 31 May 2023 2  (5,824) (5,822)
6
General Information
Esprit Property Consultancy Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 14122220, registration address 226 Carlton Road, Lowestoft, NR33 0ND.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 21 May 2022  
Additions 834    834 
Disposals  
At 31 May 2023 834    834 
Depreciation
At 21 May 2022  
Charge for period 209    209 
On disposals  
At 31 May 2023 209    209 
Net book values
Closing balance as at 31 May 2023 625    625 
Opening balance as at 21 May 2022  


4.

Debtors: amounts falling due within one year

2023
£
Other Debtors 15,000 
15,000 

5.

Creditors: amount falling due within one year

2023
£
Accrued Expenses 700 
Directors' Current Accounts 21,020 
21,720 

6.

Share Capital

Authorised
2 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
2 Class A shares of £1.00 each

7