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Company Registration No. 05847651 (England and Wales)
ECO PROPERTIES LIMITED Unaudited accounts for the year ended 30 June 2023
ECO PROPERTIES LIMITED Unaudited accounts Contents
Page
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ECO PROPERTIES LIMITED Company Information for the year ended 30 June 2023
Directors
J Gorman K Gotman
Company Number
05847651 (England and Wales)
Registered Office
Orion House ,Axis 4/5 Woodlands Bradley Stoke Bristol BS32 4JT England
Accountants
Streets Steele Limited Orion House, Axis 4/5 Woodlands, Bradley Stoke Bristol BS32 4JT
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ECO PROPERTIES LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,264 
90,376 
Investment property
3,722,907 
3,715,407 
3,737,171 
3,805,783 
Current assets
Debtors
56,011 
43,990 
Cash at bank and in hand
4,808 
34 
60,819 
44,024 
Creditors: amounts falling due within one year
(303,533)
(254,968)
Net current liabilities
(242,714)
(210,944)
Total assets less current liabilities
3,494,457 
3,594,839 
Creditors: amounts falling due after more than one year
(1,964,458)
(1,961,830)
Net assets
1,529,999 
1,633,009 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
1,230,923 
1,230,923 
Profit and loss account
298,076 
401,086 
Shareholders' funds
1,529,999 
1,633,009 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by
K Gotman Director Company Registration No. 05847651
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ECO PROPERTIES LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
ECO PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05847651. The registered office is Orion House ,Axis 4/5 Woodlands, Bradley Stoke, Bristol, BS32 4JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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ECO PROPERTIES LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
400 
At 30 June 2023
400 
Amortisation
At 1 July 2022
400 
At 30 June 2023
400 
Net book value
At 30 June 2023
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
27,455 
386,895 
414,350 
At 30 June 2023
27,455 
386,895 
414,350 
Depreciation
At 1 July 2022
25,633 
298,341 
323,974 
Charge for the year
1,822 
74,290 
76,112 
At 30 June 2023
27,455 
372,631 
400,086 
Net book value
At 30 June 2023
- 
14,264 
14,264 
At 30 June 2022
1,822 
88,554 
90,376 
6
Investment property
2023 
£ 
Fair value at 1 July 2022
3,715,407 
Additions
7,500 
At 30 June 2023
3,722,907 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
15,493 
9,249 
Accrued income and prepayments
774 
- 
Other debtors
39,744 
34,741 
56,011 
43,990 
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ECO PROPERTIES LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
118,825 
147,982 
VAT
(316)
(7,539)
Trade creditors
53,588 
14,444 
Taxes and social security
167,330 
128,854 
Other creditors
34,799 
43,148 
Loans from directors
(70,693)
(71,921)
303,533 
254,968 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,564,164 
1,649,828 
Amounts owed to group undertakings and other participating interests
400,294 
312,002 
1,964,458 
1,961,830 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J Gorman
J Gorman
26,492 
- 
2,032 
24,460 
K Gotman
K Gorman
45,430 
794 
- 
46,224 
71,922 
794 
2,032 
70,684 
11
Transactions with related parties
As at the balance sheet date, the company owed £400,294 (2022: £312,003) to Jamkam Limited, a company owned by the directors' of Eco Properties Limited.
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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