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REGISTERED NUMBER: 08656670 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ENERGY CARE CONSULTANTS LIMITED

ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERGY CARE CONSULTANTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2023







DIRECTOR: Mr A Malia





REGISTERED OFFICE: 12 Kenneth Way
Wilstead Industrial Park
Wilstead
Bedfordshire
MK45 3PD





REGISTERED NUMBER: 08656670 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 248 295
Investment property 5 3,602,823 6,780,000
3,603,071 6,780,295

CURRENT ASSETS
Debtors 6 827,481 15,554
Cash at bank 335,980 2,320,917
1,163,461 2,336,471
CREDITORS
Amounts falling due within one year 7 711,410 1,355,085
NET CURRENT ASSETS 452,051 981,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,055,122

7,761,681

CREDITORS
Amounts falling due after more than one
year

8

-

(439,626

)

PROVISIONS FOR LIABILITIES 9 (135,057 ) (241,905 )
NET ASSETS 3,920,065 7,080,150

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 7,000,000 -
Revaluation reserve 10 405,231 725,713
Capital redemption reserve (3,500,000 ) -
Retained earnings 14,832 6,354,435
SHAREHOLDERS' FUNDS 3,920,065 7,080,150

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Mr A Malia - Director


ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2023

1. STATUTORY INFORMATION

Energy Care Consultants 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.

The presentation currency of the financial statements is the 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective January 2015). Any surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the director these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provision of the FRSSE (effective January 2015) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation.

However the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 250 692 942
DEPRECIATION
At 1 September 2022 217 430 647
Charge for year 8 39 47
At 31 August 2023 225 469 694
NET BOOK VALUE
At 31 August 2023 25 223 248
At 31 August 2022 33 262 295

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 6,780,000
Additions 193,823
Reclassification/transfer (3,371,000 )
At 31 August 2023 3,602,823
NET BOOK VALUE
At 31 August 2023 3,602,823
At 31 August 2022 6,780,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 684,138 10,525
Directors' loan accounts 142,000 -
Prepayments and accrued income 1,343 5,029
827,481 15,554

ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 4,404
Corporation tax 753 86,982
VAT - 400,000
Other creditors 702,827 852,524
Accrued expenses 7,830 11,175
711,410 1,355,085

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans more 5yrs instal - 439,626

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 439,626

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 135,057 241,905

Deferred
tax
£   
Balance at 1 September 2022 241,905
Provided during year (106,848 )
Balance at 31 August 2023 135,057

10. RESERVES
Revaluation
reserve
£   
At 1 September 2022 725,713
No description (320,482 )

At 31 August 2023 405,231

ENERGY CARE CONSULTANTS LIMITED (REGISTERED NUMBER: 08656670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr A Malia
Balance outstanding at start of year - -
Amounts advanced 142,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 142,000 -

Interest will be charged on the loan account balance at the HMRC approved rate.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr A Malia and Mr D Malia due to their shareholding in the company.