Company registration number 14700807 (England and Wales)
EAFH Properties Ltd
UNAUDITED FINANCIAL STATEMENTS
for the period ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
EAFH Properties Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
EAFH Properties Ltd
Statement Of Financial Position
as at 31 March 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
4
360,085
Current assets
Cash at bank and in hand
12,225
Creditors: amounts falling due within one year
5
(377,891)
Net current liabilities
(365,666)
Net liabilities
(5,581)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(5,681)
Total equity
(5,581)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial period 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 8 August 2024 and are signed on its behalf by:
N Smith
Director
Company registration number 14700807 (England and Wales)
EAFH Properties Ltd
Notes to the financial statements
for the period ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration for rental income receivable d in the normal course of business. Turnover is recognised on the receipts basis.

Investment property

Investment property which is property held to earn rentals and/or capital appreciation, is initially recognised at cost. Which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
-
0
EAFH Properties Ltd
Notes to the financial statements (continued)
for the period ended 31 March 2024
- 3 -
4
Investment property
2024
£
Fair value
At 2 March 2023
-
0
Additions
360,085
At 31 March 2024
360,085

Investment property comprises residential properties that are included at cost. The director does not think that their open market value is materially different to cost.

5
Creditors: amounts falling due within one year
2024
£
Other creditors
377,891
6
Company information

EAFH Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 379 Halifax Road, Liversedge, West Yorkshire, WF15 8DU.

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