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Registration number: 10293114

Edenborough Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

image-name
 

Edenborough Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Edenborough Ltd

Company Information

Registered office

48 Priory Gardens
London
N6 5QS

Accountants

Integer
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Edenborough Ltd
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Edenborough Ltd for the year ended 31 July 2023 as set out on pages 3 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 Edenborough 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 Edenborough Ltd and state those matters that we have agreed to state to the Board of Directors of Edenborough 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 Edenborough Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Edenborough 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 Edenborough Ltd. You consider that Edenborough 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 Edenborough 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.

......................................

Integer
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

10 April 2024

 

Edenborough Ltd

(Registration number: 10293114)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,657

424

Current assets

 

Debtors

494

89,468

Cash at bank and in hand

 

90,004

29,790

 

90,498

119,258

Creditors: Amounts falling due within one year

(8,580)

(18,209)

Net current assets

 

81,918

101,049

Total assets less current liabilities

 

87,575

101,473

Accruals and deferred income

 

(600)

(600)

Net assets

 

86,975

100,873

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

86,875

100,773

Shareholders' funds

 

86,975

100,873

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 8 April 2024
 

.........................................
Mr James Edenborough
Director

 

Edenborough Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line over 3 years

Furniture and fittings

Straight line over 4 years

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Edenborough Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

3

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,124

560

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

3,735

3,735

Additions

6,357

6,357

At 31 July 2023

10,092

10,092

Depreciation

At 1 August 2022

3,311

3,311

Charge for the year

1,124

1,124

At 31 July 2023

4,435

4,435

Carrying amount

At 31 July 2023

5,657

5,657

At 31 July 2022

424

424

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

100

100

100

100

         

6

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £411.74 (2022 - £400.00) per each Ordinary

 

41,174

 

40,000

         
 

Edenborough Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

7

Related party transactions

Transactions with the director

2023

At 1 August 2022
£

Repayments by director
£

At 31 July 2023
£

Mr James Edenborough

Directors loan account

86,843

(90,432)

(3,589)

       
     

 

2022

At 1 August 2021
£

Advances to director
£

Repayments by director
£

At 31 July 2022
£

Mr James Edenborough

Directors loan account

(706)

129,500

(41,952)

86,843

         
       

 

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,096

4,626

In respect of the highest paid director:

2023
£

2022
£

Remuneration

9,096

4,626