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Registration number: 09480942

Earo Estates Ltd



Unaudited Financial Statements

for the Year Ended 31 March 2023

image-name
 

Earo Estates Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5 to 6

Notes to the Unaudited Financial Statements

5

Detailed Profit and Loss Account

7

 

Earo Estates Ltd

Company Information

Directors

Mr T Adler

Mr S Roberts

Registered office

4 Melton Road
Manchester
M8 4HG

 

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:

Mr T Adler

Mr S Roberts

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 Board on 28 March 2024 and signed on its behalf by:
 

.........................................
Mr S Roberts
Director

 

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.






Haffner Hoff Ltd
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL

28 March 2024

 

Earo Estates Ltd

Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

Turnover

423,275

254,683

Staff costs

(24,000)

(8,000)

Other charges

(336,229)

(248,787)

Profit/(loss) for the year

63,046

(2,104)

 

Earo Estates Ltd

(Registration number: 09480942)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

4,938,368

3,149,075

Current assets

526,242

352,686

Prepayments and accrued income

-

9,318

Creditors: Amounts falling due within one year

(1,168,790)

(863,166)

Net current liabilities

(642,548)

(501,162)

Total assets less current liabilities

4,295,820

2,647,913

Creditors: Amounts falling due after more than one year

(4,214,159)

(2,638,231)

Accruals and deferred income

(14,988)

(6,054)

 

66,673

3,628

Capital and reserves

66,673

3,628

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Melton Road
Manchester
M8 4HG
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'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 28 March 2024 and signed on its behalf by:
 

.........................................
Mr S Roberts
Director

 

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