Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3112022-04-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12873246 2022-04-01 2023-03-31 12873246 2021-04-01 2022-03-31 12873246 2023-03-31 12873246 2022-03-31 12873246 c:Director1 2022-04-01 2023-03-31 12873246 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 12873246 d:FreeholdInvestmentProperty 2023-03-31 12873246 d:FreeholdInvestmentProperty 2022-03-31 12873246 d:CurrentFinancialInstruments 2023-03-31 12873246 d:CurrentFinancialInstruments 2022-03-31 12873246 d:Non-currentFinancialInstruments 2023-03-31 12873246 d:Non-currentFinancialInstruments 2022-03-31 12873246 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12873246 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12873246 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12873246 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12873246 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12873246 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 12873246 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12873246 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 12873246 d:ShareCapital 2023-03-31 12873246 d:ShareCapital 2022-03-31 12873246 d:RetainedEarningsAccumulatedLosses 2023-03-31 12873246 d:RetainedEarningsAccumulatedLosses 2022-03-31 12873246 c:OrdinaryShareClass1 2022-04-01 2023-03-31 12873246 c:OrdinaryShareClass1 2023-03-31 12873246 c:OrdinaryShareClass1 2022-03-31 12873246 c:FRS102 2022-04-01 2023-03-31 12873246 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12873246 c:FullAccounts 2022-04-01 2023-03-31 12873246 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12873246 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12873246














EEP RESIDENTIALS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
EEP RESIDENTIALS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
EEP RESIDENTIALS LIMITED
REGISTERED NUMBER:12873246

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
7,498,319
7,703,524

  
7,498,319
7,703,524

Current assets
  

Debtors: amounts falling due within one year
 5 
2,578
15,840

Cash at bank and in hand
 6 
283,876
200,072

  
286,454
215,912

Creditors: amounts falling due within one year
 7 
(4,731,801)
(7,612,016)

Net current liabilities
  
 
 
(4,445,347)
 
 
(7,396,104)

Total assets less current liabilities
  
3,052,972
307,420

Creditors: amounts falling due after more than one year
 8 
(2,563,187)
-

  

Net assets
  
489,785
307,420


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
489,685
307,320

  
489,785
307,420


1

 
EEP RESIDENTIALS LIMITED
REGISTERED NUMBER:12873246
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 profit and loss account 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: 




E E C Pickering
Director

Date: 26 March 2024

The notes on pages 3 to 6 form part of these financial statements.

2

 
EEP RESIDENTIALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

EEP Residentials Limited is a private company, limited by shares, registered in England and Wales, registration number 12873246. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
The principal activity of the company is that of the acquisition, development and management of commercial and residential properties. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

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 corporation 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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

3

 
EEP RESIDENTIALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

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.

 
2.9

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.

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as 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 1 (2022 - 1).


4.


Investment property


Investment properties

£



Valuation


At 1 April 2022
7,703,524


Disposals
(205,205)



At 31 March 2023
7,498,319

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



4

 
EEP RESIDENTIALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,380
15,840

Prepayments
1,198
-

2,578
15,840



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
283,876
200,072



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14
-

Amounts owed to group undertakings
4,640,493
7,599,988

Other creditors
28,211
9,628

Accruals and deferred income
63,083
2,400

4,731,801
7,612,016



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,563,187
-


The bank loan is secured by a fixed and floating charge over the investment property of the company.

5

 
EEP RESIDENTIALS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Bank loans
30,000
-

Amounts falling due 2-5 years

Bank loans
2,533,187
-


2,563,187
-



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



11.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 section 1A paragraph 1AC.35.
Included within other creditors at the year end is an amount of £28,211 (2022 - £Nil) due to the director of the company. The loan is interest free and payable on demand.

 
6