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REGISTERED NUMBER: 02057281 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Echocentral Limited

Echocentral Limited (Registered number: 02057281)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Echocentral Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr G M Sharp
Mr S H Sharp





REGISTERED OFFICE: 3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 02057281 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Echocentral Limited (Registered number: 02057281)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 460 542
Investment property 5 367,805 432,990
368,265 433,532

CURRENT ASSETS
Debtors 6 19,506 15,406
Cash at bank 159,775 150,808
179,281 166,214
CREDITORS
Amounts falling due within one year 7 78,351 82,910
NET CURRENT ASSETS 100,930 83,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,195

516,836

PROVISIONS FOR LIABILITIES - 6,684
NET ASSETS 469,195 510,152

CAPITAL AND RESERVES
Called up share capital 299 299
Fair value reserve 8 (24,307 ) 28,493
Retained earnings 493,203 481,360
SHAREHOLDERS' FUNDS 469,195 510,152

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

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

The directors acknowledge their 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.

Echocentral Limited (Registered number: 02057281)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr G M Sharp - Director


Echocentral Limited (Registered number: 02057281)

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

1. STATUTORY INFORMATION

Echocentral 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Employee share ownership plan
The company operates an Employee Share Ownership Plan Trust. The company has de facto control of the shares held by the trust and bears their benefits and risk and records certain assets and liabilities of the trust as its own. Finance costs and administrative expenses are charged as they accrue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Echocentral Limited (Registered number: 02057281)

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 109,703 1,580 111,283
DEPRECIATION
At 1 January 2023 109,703 1,038 110,741
Charge for year - 82 82
At 31 December 2023 109,703 1,120 110,823
NET BOOK VALUE
At 31 December 2023 - 460 460
At 31 December 2022 - 542 542

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023 432,990
Revaluations (65,185 )
At 31 December 2023 367,805
NET BOOK VALUE
At 31 December 2023 367,805
At 31 December 2022 432,990

Fair value at 31 December 2023 is represented by:
£
Valuation in 2020 432,990
Valuation in 2023 (65,185 )
367,805

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Amounts owed by associates 13,500 15,406
Other debtors 70 -
Deferred tax asset 5,702 -
Prepayments 234 -
19,506 15,406

Echocentral Limited (Registered number: 02057281)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors - 3,162
Amounts owed to associates 743 743
Tax 2,798 5,999
Social security and other taxes - 491
VAT 4,848 3,661
Directors' loan accounts 67,562 66,504
Accruals and deferred income 2,400 2,350
78,351 82,910

8. RESERVES
Fair value
reserve
£
At 1 January 2023 28,493
Reserve transfer (52,800 )

At 31 December 2023 (24,307 )

Echocentral Limited

Report of the Accountants to the Directors of
Echocentral Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


23 August 2024