Company Registration No. NI642684 (Northern Ireland)
Eden Property Services Ltd
Unaudited accounts
for the year ended 30 November 2023
Eden Property Services Ltd
Unaudited accounts
Contents
Eden Property Services Ltd
Company Information
for the year ended 30 November 2023
Directors
Mr Paul Conway
Mr Edward McCrea
Company Number
NI642684 (Northern Ireland)
Registered Office
50 Rocky Road
Belfast
BT5 7TA
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Eden Property Services Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
4,067
4,960
Investment property
327,427
225,000
Cash at bank and in hand
2,941
11,992
Creditors: amounts falling due within one year
(1,432)
(3,247)
Net current assets
1,759
8,745
Total assets less current liabilities
333,253
238,705
Creditors: amounts falling due after more than one year
(208,488)
(110,521)
Provisions for liabilities
Deferred tax
(22,096)
(22,096)
Net assets
102,669
106,088
Called up share capital
2
2
Profit and loss account
102,667
106,086
Shareholders' funds
102,669
106,088
For the year ending 30 November 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by
Mr Edward McCrea
Director
Company Registration No. NI642684
Eden Property Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
Eden Property Services Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI642684. The registered office is 50 Rocky Road, Belfast, BT5 7TA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Eden Property Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2022
225,000
At 30 November 2023
327,427
The directors consider that the above value of investment property represents the market value at 30 November 2023.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
2,287
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
108,888
110,521
Loans from directors
87,600
-
Eden Property Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The company owes £87,600 (2023: £Nil) to the directors at year end. These loans are repayable on demand and noninterest
bearing.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).