E and G Estates Limited Filleted Accounts Cover
E and G Estates Limited
Company No. 09421703
Information for Filing with The Registrar
31 March 2024
E and G Estates Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was property investor.
Directors
The Directors who served at any time during the year were as follows:
E.L. Kirkby
G.E.J. Kirkby
L. Kirkby
S.S. Kirkby
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S.S. Kirkby
Director
21 August 2024
E and G Estates Limited Balance Sheet Registrar
at
31 March 2024
Company No.
09421703
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,5022,606
Investment property
5
350,615350,615
Investments
6
2525
352,142353,246
Current assets
Debtors
7
1,998,7451,832,397
Cash at bank and in hand
6,1594,401
2,004,9041,836,798
Creditors: Amount falling due within one year
8
(1,885,565)
(1,837,151)
Net current assets/(liabilities)
119,339
(353)
Total assets less current liabilities
471,481352,893
Net assets
471,481352,893
Capital and reserves
Called up share capital
100100
Profit and loss account
10
471,381352,793
Total equity
471,481352,893
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 August 2024 and signed on its behalf by:
S.S. Kirkby
Director
21 August 2024
E and G Estates Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
E and G Estates Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09421703
Its registered office is:
Its trading address is:
3rd Floor, 1 Temple Square
3rd Floor 1 Temple Square
24 Dale Street
24 Dale Street
Liverpool
Liverpool
L2 5RL
L2 5RL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents rents receivable during the year.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
21
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
4,4174,417
At 31 March 2024
4,4174,417
Depreciation
At 1 April 2023
1,8111,811
Charge for the year
1,1041,104
At 31 March 2024
2,9152,915
Net book values
At 31 March 2024
1,5021,502
At 31 March 2023
2,606
2,606
5
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
350,615
At 31 March 2024
350,615
6
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 April 2023
25
25
At 31 March 2024
25
25
Provisions/Impairment
Net book values
At 31 March 2024
25
25
At 31 March 2023
25
25
7
Debtors
2024
2023
£
£
Trade debtors
2,089-
Corporation tax recoverable
-1,045
Other debtors
1,996,6561,830,670
Prepayments and accrued income
-682
1,998,7451,832,397
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
-614
Taxes and social security
4,538
-
Loans from directors
789,279946,940
Other creditors
1,089,498887,797
Accruals and deferred income
2,2501,800
1,885,5651,837,151
9
Share Capital
100 £1 ordinary shares called up and fully paid.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Related party disclosures
Transactions with related parties
E and G Estates Limited has related party transactions with Alinbrook Limited, a company controlled Mr S.S Kirkby and his wife Mrs L Kirkby. E and G Estates Limited owes Alinbrook Limited £662,504 (2023 £591,262). Interest has been charged at the bank base rate £31,242 (2023 £20,919).

E and G Estates Limited has related party transactions with Treevale Limited, a company controlled Mr S.S Kirkby. E and G Estates Limited owes Treevale Limited £361,849 (2023 £296,534). Interest has been charged at the bank base rate £15,315 (2023 £10,068).

E and G Estates Limited has related party transactions with HSBB Limited, E and G Estates Limited has a 25% shareholding in this company. HSBB Limited owes E and G Estates Limited £630,000 (2023 £1,302,500). HSBB Limited has issued a dividend to E and G Estates during the year as per the share holding of £100,000 (2023 £50,000).

The directors loan balance within creditors £789,279 (2023 £946,940) is repayable to; Mr S Kirkby £461,096 (2023 £640,730), Mr G Kirkby £193,205 (2023 £181,605) and Miss E Kirkby £134,978 (2023 £124,605)
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