Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2true2022-10-31false99999 - Dormant Company2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12181976 2022-10-31 2023-10-31 12181976 2021-11-01 2022-10-30 12181976 2023-10-31 12181976 2022-10-30 12181976 c:Director2 2022-10-31 2023-10-31 12181976 d:Buildings 2022-10-31 2023-10-31 12181976 d:Buildings 2023-10-31 12181976 d:Buildings 2022-10-30 12181976 d:CurrentFinancialInstruments 2023-10-31 12181976 d:CurrentFinancialInstruments 2022-10-30 12181976 c:FRS102 2022-10-31 2023-10-31 12181976 c:AuditExemptWithAccountantsReport 2022-10-31 2023-10-31 12181976 c:FullAccounts 2022-10-31 2023-10-31 12181976 c:PrivateLimitedCompanyLtd 2022-10-31 2023-10-31 12181976 e:PoundSterling 2022-10-31 2023-10-31 iso4217:GBP xbrli:pure

Company Registration Number:  12181976



















EAMONT LTD
UNAUDITED
FINANCIAL STATEMENTS
 31 OCTOBER 2023


















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EAMONT LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EAMONT LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eamont Ltd for the year ended 31 October 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Eamont Ltd, as a body, in accordance with the terms of our engagement letter dated 28 July 2022Our work has been undertaken solely to prepare for your approval the financial statements of Eamont Ltd and state those matters that we have agreed to state to the Board of Directors of Eamont Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eamont Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Eamont Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eamont Ltd. You consider that Eamont Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Eamont Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Armstrong Watson LLP
Chartered Accountants  & Statutory Auditors
Penrith
30 July 2024
Page 1

 
EAMONT LTD
REGISTERED NUMBER: 12181976

BALANCE SHEET
AS AT 31 OCTOBER 2023

31 October
30 October
2023
2022
£
£


Fixed assets
568,250
-

Current assets
8,773
550

Creditors: amounts falling due within one year
(573,986)
(450)

Net current (liabilities)/assets
 
 
(565,213)
 
 
100

Total assets less current liabilities
3,037
100


Net assets
3,037
100



Capital and reserves
3,037
100


The directors consider 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 directors acknowledge their 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: 




Mrs H Brass
Director

Date: 30 July 2024

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

Page 2

 
EAMONT LTD
 

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

1.


General information

The company is a private company limited by shares and 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

 
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 following principal accounting policies have been applied:

 
2.2

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 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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Land is not depreciated in the financial statements.

 
2.4

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.

Page 3

 
EAMONT LTD
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 4

 
EAMONT LTD
 

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

2.Accounting policies (continued)


2.7
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets







Freehold property

£



Cost or valuation


Additions
568,250



At 31 October 2023

568,250






Net book value



At 31 October 2023
568,250



At 30 October 2022
-


5.


Debtors

31 October
30 October
2023
2022
£
£


Amounts owed by group undertakings
-
550

Other debtors
351
-

Prepayments and accrued income
690
-

1,041
550


Page 5

 
EAMONT LTD
 

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

6.


Cash and cash equivalents

31 October
30 October
2023
2022
£
£

Cash at bank and in hand
7,732
-



7.


Creditors: Amounts falling due within one year

31 October
30 October
2023
2022
£
£

Trade creditors
71
-

Corporation tax
7,975
-

Other creditors
565,940
450

573,986
450


Included in other creditors is £289,890 owed to the directors. The amount is interest free, unsecured and repayable on demand.

Page 6