Company registration number 12865708 (England and Wales)
ESTATE INVEST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
ESTATE INVEST LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
608,734
Current assets
15,932
100
Creditors: amounts falling due within one year
(17,639)
Net current (liabilities)/assets
(1,707)
100
Total assets less current liabilities
607,027
100
Creditors: amounts falling due after more than one year
(630,397)
Net (liabilities)/assets
(23,370)
100
Capital and reserves
(23,370)
100
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
Loan security
The company mortgages are secured over the investment properties to which they relate. Interest is paid at 2.99% per annum over a fixed term of two years.
Personal Guarantees
The company has obtained bridging finance in the year which is repayable in 3 years. Security for these transactioins has been provided in the form of personal guarantees from the company directors.
2
Employees
The company had no employees other than the directors in the current and preceding period.
Estate Invest Limited is a private company limited by shares incorporated in England and Wales. The registered office is 49a Broad Walk, Hockley, SS5 5DF.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ESTATE INVEST LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 March 2024 and are signed on its behalf by:
Mr G Thomas
Director
Company registration number 12865708 (England and Wales)