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REGISTERED NUMBER: 12066717 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

EWD INVESTMENTS LIMITED

EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EWD INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: E W D Duncan





REGISTERED OFFICE: 138 Barlow Moor Road
Manchester
United Kingdom
M20 2PU





REGISTERED NUMBER: 12066717 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,167 -
Investment property 5 1,418,413 733,926
1,445,580 733,926

CURRENT ASSETS
Debtors 6 25,514 -
Cash at bank 1,217 23,691
26,731 23,691
CREDITORS
Amounts falling due within one year 7 493,696 120,530
NET CURRENT LIABILITIES (466,965 ) (96,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

978,615

637,087

CREDITORS
Amounts falling due after more than one year 8 (651,381 ) (364,213 )

PROVISIONS FOR LIABILITIES (21,977 ) (20,710 )
NET ASSETS 305,257 252,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 305,157 252,064
SHAREHOLDERS' FUNDS 305,257 252,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

BALANCE SHEET - continued
30 June 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 26 March 2024 and were signed by:





E W D Duncan - Director


EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

EWD Investments Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 138 Barlow Moor Road, Manchester, M20 2PU.

The principal activity of the company is letting and operating of own or leased real estate.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.


EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 32,500
At 30 June 2023 32,500
DEPRECIATION
Charge for year 5,333
At 30 June 2023 5,333
NET BOOK VALUE
At 30 June 2023 27,167

EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 733,926
Additions 687,743
Revaluations (3,256 )
At 30 June 2023 1,418,413
NET BOOK VALUE
At 30 June 2023 1,418,413
At 30 June 2022 733,926

The investment properties were valued by the director on an open market basis on 30th June 2023.

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 109,000
Valuation in 2023 (3,256 )
Cost 1,312,669
1,418,413

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 25,514 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,684 15,032
Trade creditors 2,000 -
Taxation and social security 6,378 12,787
Other creditors 457,634 92,711
493,696 120,530

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 651,381 364,213

EWD INVESTMENTS LIMITED (REGISTERED NUMBER: 12066717)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 540,645 304,084

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 679,065 379,245

The mortgage funding is secured against the respective property to which the loan relates.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed its director 2023: 454,653 (2022: 89,817). The loan is free from interest and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is E W D Duncan.