Company registration number 11403068 (England and Wales)
EDEN SUSTAINABLE INVESTMENTS 8 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
EDEN SUSTAINABLE INVESTMENTS 8 LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
EDEN SUSTAINABLE INVESTMENTS 8 LTD
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,036,960
717,906
Current assets
Debtors
4
58,027
51,597
Cash at bank and in hand
34,329
73,900
92,356
125,497
Creditors: amounts falling due within one year
5
(608,795)
(297,156)
Net current liabilities
(516,439)
(171,659)
Total assets less current liabilities
520,521
546,247
Creditors: amounts falling due after more than one year
6
(575,572)
(610,846)
Net liabilities
(55,051)
(64,599)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(55,151)
(64,699)
Total equity
(55,051)
(64,599)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 July 2024 and are signed on its behalf by:
Mr S P Baker
Mr S L Burrows
Director
Director
Company registration number 11403068 (England and Wales)
EDEN SUSTAINABLE INVESTMENTS 8 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information
Eden Sustainable Investments 8 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 28 Queen Street, London, EC4R 1BB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet 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 company meets its day to day working capital requirements through financial support from its parent company.
On the basis of continued support from its parent company, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
4% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
EDEN SUSTAINABLE INVESTMENTS 8 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022
775,042
Additions
353,373
At 31 October 2023
1,128,415
Depreciation and impairment
At 1 November 2022
57,136
Depreciation charged in the year
34,319
At 31 October 2023
91,455
Carrying amount
At 31 October 2023
1,036,960
At 31 October 2022
717,906
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
20,041
17,874
Amounts owed by group undertakings
100
16,056
Other debtors
37,886
17,667
58,027
51,597
EDEN SUSTAINABLE INVESTMENTS 8 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,959
2,281
Amounts owed to group undertakings
320,173
Taxation and social security
12,848
Other creditors
285,663
282,027
608,795
297,156
Other creditors includes a balance of £36,334 (2022 - £32,698) representing the current portion of third party loan financing. Amounts outstanding on the loan are secured on a fixed and floating charge over the assets of the company.
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
575,572
610,846
Other creditors includes a balance of £575,572 (2022 - £610,846) representing the non-current portion of third party loan financing. Amounts outstanding on the loan are secured on a fixed and floating charge over the assets of the company.
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
415,973
472,512