Registration number:
Earo Estates Ltd
for the Year Ended 31 March 2023
Earo Estates Ltd
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
|
Profit and Loss Account |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
|
Detailed Profit and Loss Account |
Earo Estates Ltd
Company Information
Directors |
Mr T Adler Mr S Roberts |
Registered office |
|
Earo Estates Ltd
Directors' Report for the Year Ended 31 March 2023
The directors present their report and the financial statements for the year ended 31 March 2023.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Earo Estates Ltd
for the Year Ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Earo Estates Ltd for the year ended 31 March 2023 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Earo Estates Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Earo Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Earo Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Earo Estates Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Earo Estates 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 Earo Estates Ltd. You consider that Earo Estates 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 Earo Estates 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.
Bury New Road
Prestwich
M25 0TL
Earo Estates Ltd
Profit and Loss Account for the Year Ended 31 March 2023
2023 |
2022 |
|
Turnover |
|
|
Staff costs |
( |
( |
Other charges |
(336,229) |
(248,787) |
Profit/(loss) for the year |
|
( |
Earo Estates Ltd
(Registration number: 09480942)
Balance Sheet as at 31 March 2023
2023 |
2022 |
|
Fixed assets |
|
|
Current assets |
|
|
Prepayments and accrued income |
- |
|
Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
|
|
|
Capital and reserves |
|
|
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Earo Estates Ltd
(Registration number: 09480942)
Balance Sheet as at 31 March 2023
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.
Approved and authorised by the
......................................... |
Earo Estates Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2023
2023 |
2022 |
|
Rental income from investment property |
297,045 |
254,683 |
Interest received |
7,880 |
- |
Dividends received |
118,350 |
- |
423,275 |
254,683 |
|
Rental overheads |
||
Council tax |
730 |
- |
Insurance |
12,573 |
9,120 |
Repairs |
57,751 |
80,904 |
Commissions |
26,769 |
25,769 |
Heat and light |
44 |
- |
Cleaning |
873 |
1,271 |
Legal fees |
2,005 |
- |
(100,745) |
(117,064) |
|
Administrative expenses |
||
Wages and salaries (excluding directors) |
24,000 |
8,000 |
Rent and rates |
4,020 |
3,890 |
Services |
- |
435 |
Charitable donations |
8,000 |
- |
Sundry expenses |
1,131 |
481 |
Motor expenses |
6,212 |
5,353 |
Accountancy fees |
2,750 |
2,200 |
Legal and professional fees |
5,280 |
3,101 |
Bank charges |
85 |
96 |
(51,478) |
(23,556) |
|
Operating profit |
271,052 |
114,063 |
Interest payable and similar charges |
(152,661) |
(107,673) |
Cost of obtaining finance |
(55,345) |
(8,494) |
(208,006) |
(116,167) |
|
Profit/(loss) before tax |
63,046 |
(2,104) |
Tax |
||
Profit/(loss) after tax |
63,046 |
(2,104) |
Retained earnings brought forward |
3,625 |
5,730 |
Retained earnings carried forward |
66,671 |
3,626 |