Registered number
08916737
ECM (Lymington) Limited
Report and Accounts
29 February 2024
ECM (Lymington) Limited
Registered number: 08916737
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 285,223 285,223
Current assets
Debtors 4 2,660 2,184
Cash at bank 4,469 19,161
Cash in hand - -
7,129 21,345
Creditors: amounts falling due within one year 5 (1,325) (1,325)
Net current assets 5,804 20,020
Total assets less current liabilities 291,027 305,243
Creditors: amounts falling due after more than one year 6 (343) -
Net assets 290,684 305,243
Capital and reserves
Called up share capital 11 11
Revaluation reserve 7 299,995 299,995
Profit and loss account (9,322) 5,237
Shareholders' funds 290,684 305,243
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Bullas Mr J Oliff Cooper
Director Director
Approved by the board on 15 April 2024
ECM (Lymington) Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The principal activity of the company during the period was that of the management and maintenance of the property known as Earley Court, Lymington, Hampshire.
The income received represents contributions to costs relating to the maintenance of the freehold.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 285,223
At 29 February 2024 285,223
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 285,223
At 28 February 2023 285,223
4 Debtors 2024 2023
£ £
Other debtors 2,660 2,184
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,325 1,325
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 343 -
7 Revaluation reserve 2024 2023
£ £
At 1 March 2023 299,995 299,995
At 29 February 2024 299,995 299,995
8 Other information
ECM (Lymington) Limited is a private company limited by shares and incorporated in England. Its registered office is:119 High Street, Lymington, Hampshire SO41 9AQ
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