IRIS Accounts Production v23.4.0.336 10777289 director 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107772892022-03-31107772892023-03-31107772892022-04-012023-03-31107772892021-03-31107772892021-04-012022-03-31107772892022-03-3110777289ns15:EnglandWales2022-04-012023-03-3110777289ns14:PoundSterling2022-04-012023-03-3110777289ns10:Director12022-04-012023-03-3110777289ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3110777289ns10:SmallEntities2022-04-012023-03-3110777289ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3110777289ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110777289ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110777289ns10:FullAccounts2022-04-012023-03-3110777289ns10:RegisteredOffice2022-04-012023-03-3110777289ns5:CurrentFinancialInstruments2023-03-3110777289ns5:CurrentFinancialInstruments2022-03-3110777289ns5:ShareCapital2023-03-3110777289ns5:ShareCapital2022-03-3110777289ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3110777289ns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3110777289ns5:RetainedEarningsAccumulatedLosses2023-03-3110777289ns5:RetainedEarningsAccumulatedLosses2022-03-3110777289ns5:PlantMachinery2022-03-3110777289ns5:PlantMachinery2022-04-012023-03-3110777289ns5:PlantMachinery2023-03-3110777289ns5:PlantMachinery2022-03-3110777289ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110777289ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3110777289ns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-31
REGISTERED NUMBER: 10777289 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EDUCO PROPERTIES LIMITED

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDUCO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: H Shah





REGISTERED OFFICE: Moda Business Centre
Stirling Way
Borehamwood
WD6 2BW





REGISTERED NUMBER: 10777289 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303 403
Investment property 5 660,000 593,138
660,303 593,541

CURRENT ASSETS
Debtors 6 331,185 393,136
Cash at bank 47,127 97,188
378,312 490,324
CREDITORS
Amounts falling due within one year 7 629,426 776,365
NET CURRENT LIABILITIES (251,114 ) (286,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,189

307,500

PROVISIONS FOR LIABILITIES 24,256 7,541
NET ASSETS 384,933 299,959

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 72,769 22,622
Retained earnings 312,064 277,237
384,933 299,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 11 March 2024 and were signed by:





H Shah - Director


EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

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


1. STATUTORY INFORMATION

Educo 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.

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.

3. EMPLOYEES AND DIRECTORS

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

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,275
DEPRECIATION
At 1 April 2022 872
Charge for year 100
At 31 March 2023 972
NET BOOK VALUE
At 31 March 2023 303
At 31 March 2022 403

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2022 593,138
Revaluations 66,862
At 31 March 2023 660,000
NET BOOK VALUE
At 31 March 2023 660,000
At 31 March 2022 593,138

Cost or valuation at 31 March 2023 is represented by:
£   
Valuation in 2019 30,164
Valuation in 2023 66,862
Cost 562,974
660,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,185 1,300
Other debtors 300,000 391,836
331,185 393,136

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 498
Amounts owed to group undertakings 392,400 392,400
Taxation and social security 7,518 8,371
Other creditors 229,508 375,096
629,426 776,365

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022 22,622
Transfer to fair value 50,147

At 31 March 2023 72,769