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REGISTERED NUMBER: 02868178 (England and Wales)



















Financial Statements

for the Year Ended 30 November 2023

for

Edgelime Limited

Edgelime Limited (Registered number: 02868178)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Edgelime Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G R Osborne
A B M Osborne





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 02868178 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Edgelime Limited (Registered number: 02868178)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 142,911 142,911
142,911 142,911

CURRENT ASSETS
Debtors 6 13,754 59,855
Cash at bank 95,636 24,238
109,390 84,093
CREDITORS
Amounts falling due within one year 7 32,202 30,514
NET CURRENT ASSETS 77,188 53,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,099

196,490

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 220,097 196,488
SHAREHOLDERS' FUNDS 220,099 196,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:




G R Osborne - Director


Edgelime Limited (Registered number: 02868178)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Edgelime 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 represents property rentals receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the Provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 7,212
DEPRECIATION
At 1 December 2022
and 30 November 2023 7,212
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Edgelime Limited (Registered number: 02868178)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 142,911
NET BOOK VALUE
At 30 November 2023 142,911
At 30 November 2022 142,911

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 142,911

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 142,911 142,911
Aggregate depreciation (86,613 ) (85,169 )

Investment property was valued on a fair value basis on 30 November 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,245 3,295
Other debtors - 50,000
Directors' loan accounts 4,949 -
Tax 6,560 6,560
13,754 59,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 5,834 4,749
Social security and other taxes 2,072 1,152
Directors' loan accounts - 614
Accruals and deferred income 24,296 23,999
32,202 30,514

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amounts owing from the directors are shown in the debtors note. The amount is interest free and repayable upon demand.