Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3112022-08-011falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06514294 2022-08-01 2023-07-31 06514294 2021-08-01 2022-07-31 06514294 2023-07-31 06514294 2022-07-31 06514294 c:Director1 2022-08-01 2023-07-31 06514294 d:FreeholdInvestmentProperty 2023-07-31 06514294 d:FreeholdInvestmentProperty 2022-07-31 06514294 d:CurrentFinancialInstruments 2023-07-31 06514294 d:CurrentFinancialInstruments 2022-07-31 06514294 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06514294 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06514294 d:ShareCapital 2023-07-31 06514294 d:ShareCapital 2022-07-31 06514294 d:InvestmentPropertiesRevaluationReserve 2023-07-31 06514294 d:InvestmentPropertiesRevaluationReserve 2022-07-31 06514294 d:RetainedEarningsAccumulatedLosses 2023-07-31 06514294 d:RetainedEarningsAccumulatedLosses 2022-07-31 06514294 c:OrdinaryShareClass1 2022-08-01 2023-07-31 06514294 c:OrdinaryShareClass1 2023-07-31 06514294 c:OrdinaryShareClass1 2022-07-31 06514294 c:FRS102 2022-08-01 2023-07-31 06514294 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06514294 c:FullAccounts 2022-08-01 2023-07-31 06514294 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06514294 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06514294 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06514294













EPB PROPERTIES LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023


 
EPB PROPERTIES LIMITED
REGISTERED NUMBER:06514294


BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
700,000
700,000

Current assets
  

Debtors: amounts falling due within one year
 5 
9,501
7,075

Cash at bank and in hand
  
30,150
51,879

  
39,651
58,954

Creditors: amounts falling due within one year
 6 
(689,784)
(723,645)

Net current liabilities
  
 
 
(650,133)
 
 
(664,691)

Total assets less current liabilities
  
49,867
35,309

Provisions for liabilities
  

Deferred tax
 7 
(28,500)
(28,500)

  
 
 
(28,500)
 
 
(28,500)

Net assets
  
21,367
6,809


Capital and reserves
  

Called up share capital 
 8 
100
100

Investment property reserve
  
150,000
150,000

Profit and loss account
  
(128,733)
(143,291)

  
21,367
6,809


Page 1


 
EPB PROPERTIES LIMITED
REGISTERED NUMBER:06514294

    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






P Saugman
Director

Date: 1 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2


 
EPB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

EPB Properties Limited is a private company limited by shares, incorporated and domiciled in England and Wales, United Kingdom. 
The registered office is Harwood House, 43 Harwood Road, London, England, SW6 4QP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3


 
EPB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Investment property

Investment property is carried at fair value, determined annually by the director, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4


 
EPB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1

Page 5


 
EPB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
700,000



At 31 July 2023
700,000

The 2023 valuations were made by the director, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 August 2022
150,000
150,000

At 31 July 2023
150,000
150,000





5.


Debtors

2023
2022
£
£


Prepayments and accrued income
9,501
7,075



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Other creditors
687,234
721,245

Accruals and deferred income
2,550
2,400

689,784
723,645


Page 6


 
EPB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Deferred taxation




2023


£






At beginning of year
(28,500)



At end of year
(28,500)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Cumulative fair value movement on investment property
(28,500)
(28,500)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Material balances and transactions with related parties arising during the year were as follows:
Balances with related parties


2023
2022
£
£

EP Brigstocke
687,234
721,245

Nature of relationship and control
EP Brigstocke is the sole shareholder of EPB Properties Limited.

 
Page 7