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REGISTERED NUMBER: 12510724 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

ET Phone Home Limited

ET Phone Home Limited (Registered number: 12510724)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ET Phone Home Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T Ramsden





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 12510724 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

ET Phone Home Limited (Registered number: 12510724)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203 -
Investments 5 171,069,405 220,464
171,069,608 220,464

CURRENT ASSETS
Stocks - 56,000,000
Debtors 6 24,890,179 170,226
Cash at bank 152,670 70,239
25,042,849 56,240,465
CREDITORS
Amounts falling due within one year 7 116,031,752 406,900
NET CURRENT (LIABILITIES)/ASSETS (90,988,903 ) 55,833,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,080,705

56,054,029

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 79,259,264 -
Retained earnings 821,341 56,053,929
80,080,705 56,054,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ET Phone Home Limited (Registered number: 12510724)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





T Ramsden - Director


ET Phone Home Limited (Registered number: 12510724)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

ET Phone Home 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.

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" including the provisions of Section 1A "Small Entities" 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ET Phone Home Limited (Registered number: 12510724)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 271
At 31 March 2023 271
DEPRECIATION
Charge for year 68
At 31 March 2023 68
NET BOOK VALUE
At 31 March 2023 203

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST OR VALUATION
At 1 April 2022 56,220,464
Additions 91,232,315
Revaluations 23,616,626
At 31 March 2023 171,069,405
NET BOOK VALUE
At 31 March 2023 171,069,405
At 31 March 2022 56,220,464

Cost or valuation at 31 March 2023 is represented by:

Interest
in other
participating
interests
£   
Valuation in 2023 23,616,626
Valuation in 2022 55,642,638
Valuation in 2021 357,363
Cost 91,452,778
171,069,405

ET Phone Home Limited (Registered number: 12510724)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 149,509 103,208
Other debtors 24,740,670 67,018
24,890,179 170,226

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 72,673 8,566
Taxation and social security 297,358 168,882
Other creditors 115,661,721 229,452
116,031,752 406,900

8. RESERVES
Fair
value
reserve
£   
SoCIE line item with acc967/31 79,259,264

At 31 March 2023 79,259,264