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REGISTERED NUMBER: 02280691 (England and Wales)


















Echoshare Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






Echoshare Limited (Registered number: 02280691)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Echoshare Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ms J Gaffey
Mr D Gaffey





REGISTERED OFFICE: 161a Lancaster Road
Salford
Lancashire
M6 8NB





REGISTERED NUMBER: 02280691 (England and Wales)






Echoshare Limited (Registered number: 02280691)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 850,000 850,000
Investments 5 1,307,499 1,404,600
2,157,499 2,254,600

CURRENT ASSETS
Debtors 6 17,955 1,094
Cash at bank 97,923 74,938
115,878 76,032
CREDITORS
Amounts falling due within one year 7 5,252 (14,719 )
NET CURRENT ASSETS 110,626 90,751
TOTAL ASSETS LESS CURRENT LIABILITIES 2,268,125 2,345,351

CAPITAL AND RESERVES
Called up share capital 8 800 800
Revaluation reserve 9 1,307,897 1,404,998
Retained earnings 9 959,428 939,553
SHAREHOLDERS' FUNDS 2,268,125 2,345,351

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





Ms J Gaffey - Director


Echoshare Limited (Registered number: 02280691)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Echoshare 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 850,000
NET BOOK VALUE
At 30 June 2023 850,000
At 30 June 2022 850,000

Cost or valuation at 30 June 2023 is represented by:

Freehold
property
£   
Valuation in 2019 780,000
Valuation in 2021 (80,000 )
Valuation in 2022 150,000
850,000

Echoshare Limited (Registered number: 02280691)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 July 2022 1,404,600
Revaluations (97,101 )
At 30 June 2023 1,307,499
NET BOOK VALUE
At 30 June 2023 1,307,499
At 30 June 2022 1,404,600

Cost or valuation at 30 June 2023 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2019 1,338,219 50,000 1,388,219
Valuation in 2020 (191,909 ) - (191,909 )
Valuation in 2021 290,420 (50,000 ) 240,420
Valuation in 2022 (32,129 ) - (32,129 )
Valuation in 2023 (97,102 ) - (97,102 )
1,307,499 - 1,307,499

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 483 1,094
Other debtors 17,472 -
17,955 1,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax - (17,472 )
Social security and other taxes 890 951
Nest Pension Creditor 1,651 -
Directors' current accounts 1,411 502
Accrued expenses 1,300 1,300
5,252 (14,719 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
800 Ordinary £1 800 800

Echoshare Limited (Registered number: 02280691)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2022 939,553 1,404,998 2,344,551
Profit for the year 31,875 31,875
Dividends (12,000 ) (12,000 )
Gain on revaluations - (97,101 ) (97,101 )
At 30 June 2023 959,428 1,307,897 2,267,325