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REGISTERED NUMBER: 00779227 (England and Wales)















Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 31 October 2023

for

BUILDERS EDE LIMITED

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


BUILDERS EDE LIMITED

Company Information
for the year ended 31 October 2023







Directors: J Ede
D R C Ede
S D Ingledew
N I Bound





Registered office: Park House
Station Lane
Witney
Oxfordshire
OX28 4LH





Registered number: 00779227 (England and Wales)





Independent auditors: Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Strategic Report
for the year ended 31 October 2023


The directors present their strategic report for the year ended 31 October 2023.

Review of business
The principal activity of the business continues to be that of contracting.

The company operates within a 50 mile radius of its offices in Witney, Oxfordshire, commissioned by a variety of clients to undertake a variety of projects. These are principally new residential housing, but the company also constructs commercial buildings and various conversion projects.

Principal risks and uncertainties
The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risks and uncertainties are considered to relate to competition from other construction companies and movements in commodity and labour prices. We regularly monitor labour prices, commodity prices and our competitors in order to mitigate against these risks.

Development and performance
Turnover for the year ended 31 October 2023 increased by 150% compared to the previous year, to £19.9m.

Profit after tax also increased this year, to £952k from £194k.

Key performance indicators
Financials This year Last year Variance

Turnover £19.9m £7.98m +150%

Profit after tax £0.95m £0.19m +400%

On behalf of the board:





D R C Ede - Director


26 July 2024

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Report of the Directors
for the year ended 31 October 2023


The directors present their report with the financial statements of the company for the year ended 31 October 2023.

Principal activities
The principal activities of the company in the year under review were those of building contractors.

Dividends
No dividends will be distributed for the year ended 31 October 2023.

Directors
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

J Ede
D R C Ede
S D Ingledew
N I Bound

Directors' responsibilities statement
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Report of the Directors
for the year ended 31 October 2023


Auditors
The auditors, Cooper Parry Group Limited, are deemed to be reappointed under Section 487(2) of the Companies Act 2006.

On behalf of the board:





D R C Ede - Director


26 July 2024

Report of the Independent Auditors to the Members of
Builders Ede Limited


Opinion
We have audited the financial statements of Builders Ede Limited (the 'company') for the year ended 31 October 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Builders Ede Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Builders Ede Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the
industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our experience and through discussion with the management. The
most significant were identified as the Companies Act 2006, UK GAAP (FRS102), GDPR and relevant tax legislation.
We considered the extent of compliance with those laws and regulations as part of our procedures on the related
financial statements. Our audit procedures included:

- making enquires of directors and management as to where they consider there to be a susceptibility to fraud and
whether they have any knowledge or suspicion of fraud;
- obtaining an understanding of the internal controls established to mitigate risks related to fraud or non-compliance
with laws and regulations;
- assessing the design effectiveness of the controls in place to prevent and detect fraud;
- assessing the risk of management override of internal controls, including identifying and testing journal entries;
- challenging the assumptions and judgements made by management in its significant accounting estimates.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery,collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




George Style ACA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

29 July 2024

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Income Statement
for the year ended 31 October 2023

2023 2022
Notes £ £

Turnover 3 19,910,876 7,979,549

Cost of sales (18,069,048 ) (7,178,456 )
Gross profit 1,841,828 801,093

Administrative expenses (623,405 ) (571,195 )
1,218,423 229,898

Other operating income 1,386 3,240
Operating profit 5 1,219,809 233,138

Profit/(loss) on
disposal of fixed assets 6 11,679 4,679
1,231,488 237,817


Interest payable and similar expenses 7 (12 ) -
Profit before taxation 1,231,476 237,817

Tax on profit 8 (279,246 ) (44,222 )
Profit for the financial year 952,230 193,595

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Other Comprehensive Income
for the year ended 31 October 2023

2023 2022
Notes £ £

Profit for the year 952,230 193,595


Other comprehensive income - -
Total comprehensive income for the year 952,230 193,595

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 9 76,003 56,516
Investment property 10 120,000 120,000
196,003 176,516

Current assets
Stocks 11 2 2
Debtors 12 10,324,658 8,922,649
Cash at bank 291,964 187,613
10,616,624 9,110,264
Creditors
Amounts falling due within one year 13 1,535,471 972,342
Net current assets 9,081,153 8,137,922
Total assets less current liabilities 9,277,156 8,314,438

Provisions for liabilities 14 15,842 5,354
Net assets 9,261,314 8,309,084

Capital and reserves
Called up share capital 15 40,012 40,012
Fair value reserve 16 102,451 102,451
Retained earnings 16 9,118,851 8,166,621
Shareholders' funds 9,261,314 8,309,084

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





D R C Ede - Director


BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Statement of Changes in Equity
for the year ended 31 October 2023

Called up
share Retained Fair value Total
capital earnings reserve equity
£ £ £ £
Balance at 1 November 2021 40,012 7,973,026 102,451 8,115,489

Changes in equity
Total comprehensive income - 193,595 - 193,595
Balance at 31 October 2022 40,012 8,166,621 102,451 8,309,084

Changes in equity
Total comprehensive income - 952,230 - 952,230
Balance at 31 October 2023 40,012 9,118,851 102,451 9,261,314

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Cash Flow Statement
for the year ended 31 October 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 183,458 (366,935 )
Interest paid (12 ) -
Tax paid (44,713 ) (28,743 )
Net cash from operating activities 138,733 (395,678 )

Cash flows from investing activities
Purchase of tangible fixed assets (56,599 ) (9,293 )
Sale of tangible fixed assets 22,217 15,000
Net cash from investing activities (34,382 ) 5,707

Increase/(decrease) in cash and cash equivalents 104,351 (389,971 )
Cash and cash equivalents at beginning of
year

2

187,613

577,584

Cash and cash equivalents at end of year 2 291,964 187,613

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Cash Flow Statement
for the year ended 31 October 2023


1. Reconciliation of profit for the financial year to cash generated from operations
2023 2022
£ £
Profit for the financial year 952,230 193,595
Depreciation charges 26,574 19,477
Profit on disposal of fixed assets (11,679 ) (4,679 )
Finance costs 12 -
Taxation 279,246 44,222
1,246,383 252,615
Increase in trade and other debtors (1,402,009 ) (413,130 )
Increase/(decrease) in trade and other creditors 339,084 (206,420 )
Cash generated from operations 183,458 (366,935 )

2. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2023
31/10/23 1/11/22
£ £
Cash and cash equivalents 291,964 187,613
Year ended 31 October 2022
31/10/22 1/11/21
£ £
Cash and cash equivalents 187,613 577,584


3. Analysis of changes in net funds

At 1/11/22 Cash flow At 31/10/23
£ £ £
Net cash
Cash at bank and in hand 187,613 104,351 291,964
187,613 104,351 291,964
Total 187,613 104,351 291,964

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Builders Ede 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.

The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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" 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of twelve months from the date of approval of the financial statements. Having taken account of all available information about the future, including the company's most recent trading results, budgets and cash flow forecasts, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition
Turnover represents revenue earned under a wide variety of contracts to provide building services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expense and disbursements but excluding value added tax.Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to customers is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

3. Turnover

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2023 2022
£ £
Contract sales 10,739,272 7,881,871
House sales 9,073,080 -
Management fees 98,524 97,678
19,910,876 7,979,549

4. Employees and directors
2023 2022
£ £
Wages and salaries 283,750 290,758
Social security costs 29,759 30,808
Other pension costs 21,128 19,382
334,637 340,948

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. Employees and directors - continued

The average number of employees during the year was as follows:
2023 2022

Office and administration 8 6
Foremen and operatives 6 6
14 12

2023 2022
£ £
Directors' remuneration 177,353 185,951
Directors' pension contributions to money purchase schemes 9,831 11,128

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

5. Operating profit

The operating profit is stated after charging:

2023 2022
£ £
Depreciation - owned assets 26,574 19,477
Auditors' remuneration 4,000 4,000

6. Exceptional items
2023 2022
£ £
Profit/(loss) on
disposal of fixed assets 11,679 4,679

7. Interest payable and similar expenses
2023 2022
£ £
Other interest payable 12 -

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


8. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax 268,758 44,713
Adjustment for prior years - (433 )
Total current tax 268,758 44,280

Deferred tax 10,488 (58 )
Tax on profit 279,246 44,222

UK corporation tax has been charged at 25% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£ £
Profit before tax 1,231,476 237,817
Profit multiplied by the standard rate of corporation tax in the UK of
22.518% (2022 - 19%)

277,304

45,185

Effects of:
Expenses not deductible for tax purposes 3,354 2,812
Capital allowances in excess of depreciation (11,898 ) (3,284 )
Adjustments to tax charge in respect of previous periods - (433 )

Deferred tax (credit)/charge 10,488 (58 )
Other tax differences (2 ) -
Total tax charge 279,246 44,222

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


9. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 November 2022 182,326 44,585 143,598 370,509
Additions - 699 55,900 56,599
Disposals - - (38,802 ) (38,802 )
At 31 October 2023 182,326 45,284 160,696 388,306
Depreciation
At 1 November 2022 170,116 35,086 108,791 313,993
Charge for year 2,933 3,598 20,043 26,574
Eliminated on disposal - - (28,264 ) (28,264 )
At 31 October 2023 173,049 38,684 100,570 312,303
Net book value
At 31 October 2023 9,277 6,600 60,126 76,003
At 31 October 2022 12,210 9,499 34,807 56,516

10. Investment property
Total
£
Fair value
At 1 November 2022
and 31 October 2023 120,000
Net book value
At 31 October 2023 120,000
At 31 October 2022 120,000

Investment properties were revalued by the directors on an open market basis at 31 October 2023.

Fair value at 31 October 2023 is represented by:
£
Valuation in 2015 104,832
Cost 15,168
120,000

11. Stocks
2023 2022
£ £
Valuation 2 2

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


12. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,190,606 395,328
Amounts owed by group undertakings 8,898,896 3,973,707
Amounts recoverable on contract 207,044 4,550,014
Other debtors 28,112 -
Prepayments and accrued income - 3,600
10,324,658 8,922,649

13. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 600,302 660,966
Corporation tax 268,758 44,713
Social security and other taxes 59,675 39,520
VAT - 2,830
Other creditors 452 -
Wages control account - 878
Accruals and deferred income 606,284 223,435
1,535,471 972,342

14. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances 13,661 3,173
Deferred tax 2,181 2,181
15,842 5,354

Deferred tax
£
Balance at 1 November 2022 5,354
Charge to Income Statement during year 10,488
Balance at 31 October 2023 15,842

15. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
6 A ordinary shares £1 6 6
40,006 B ordinary shares £1 40,006 40,006
40,012 40,012

BUILDERS EDE LIMITED (REGISTERED NUMBER: 00779227)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


15. Called up share capital - continued

The A ordinary shares and B ordinary shares have full rights as to voting and dividends.

16. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 November 2022 8,166,621 102,451 8,269,072
Profit for the year 952,230 - 952,230
At 31 October 2023 9,118,851 102,451 9,221,302

17. Contingent liabilities

The company has entered into cross guarantees in connection with the bank overdrafts of the parent company and a fellow subsidiary. At 31 October 2023, the amount of these overdrafts was £nil (2022 - £nil.)

The company is a member of the same VAT group as Ede Holdings Limited. At the year end, the liability outstanding under this registration was £nil (2022 - £2,830.)

18. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK', not to disclose related party transactions with wholly owned subsidiaries within the group.

19. Ultimate parent company

The company is a wholly owned subsidiary of Ede Holdings Limited, a company incorporated in England and Wales and registered in England, whose registered office is Eden House, Two Rivers Business Park, Station Lane, Witney, Oxfordshire, OX28 4BL. Copies of Ede Holdings Limited group financial statements are available on the Companies House website.