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Registered number: 13290517
EdiTeo Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13290517
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 795 1,030
Investment Properties 5 417,924 417,924
418,719 418,954
CURRENT ASSETS
Debtors 6 852 851
Cash at bank and in hand 62,201 7,988
63,053 8,839
Creditors: Amounts Falling Due Within One Year 7 (2,552 ) (1,084 )
NET CURRENT ASSETS (LIABILITIES) 60,501 7,755
TOTAL ASSETS LESS CURRENT LIABILITIES 479,220 426,709
Creditors: Amounts Falling Due After More Than One Year 8 (486,980 ) (438,249 )
NET LIABILITIES (7,760 ) (11,540 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (7,860 ) (11,640 )
SHAREHOLDERS' FUNDS (7,760) (11,540)
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Hanna Edimoh
Director
24/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EdiTeo Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13290517 . The registered office is 2 Pages Orchard, Sonning Common, Oxfordshire, RG4 9LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 yr straight line
Computer Equipment 5 yr straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 629 546 1,175
As at 31 March 2024 629 546 1,175
Depreciation
As at 1 April 2023 63 82 145
Provided during the period 126 109 235
As at 31 March 2024 189 191 380
Net Book Value
As at 31 March 2024 440 355 795
As at 1 April 2023 566 464 1,030
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5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 417,924
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 852 851
852 851
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,552 1,084
2,552 1,084
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 352,225 303,991
Directors loan account 134,755 134,258
486,980 438,249
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within Creditors is the loan balance of £134,755 (2023: £134,258) from the Directors at the end of the year. The loan is unsecured, interest free and there are no fixed terms of repayment.
11. Ultimate Controlling Party
The company's ultimate controlling party is Hanna Edimoh and Marius Teodorescu by virtue of their ownership of 100% of the issued share capital in the company.
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