IRIS Accounts Production v24.2.0.383 12709511 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127095112023-03-31127095112024-03-31127095112023-04-012024-03-31127095112022-03-31127095112022-04-012023-03-31127095112023-03-3112709511ns15:EnglandWales2023-04-012024-03-3112709511ns14:PoundSterling2023-04-012024-03-3112709511ns10:Director12023-04-012024-03-3112709511ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112709511ns10:SmallEntities2023-04-012024-03-3112709511ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112709511ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112709511ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112709511ns10:FullAccounts2023-04-012024-03-3112709511ns10:Director22023-04-012024-03-3112709511ns10:RegisteredOffice2023-04-012024-03-3112709511ns5:CurrentFinancialInstruments2024-03-3112709511ns5:CurrentFinancialInstruments2023-03-3112709511ns5:Non-currentFinancialInstruments2024-03-3112709511ns5:Non-currentFinancialInstruments2023-03-3112709511ns5:ShareCapital2024-03-3112709511ns5:ShareCapital2023-03-3112709511ns5:RetainedEarningsAccumulatedLosses2024-03-3112709511ns5:RetainedEarningsAccumulatedLosses2023-03-3112709511ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3112709511ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3112709511ns5:Secured2024-03-3112709511ns5:Secured2023-03-31
REGISTERED NUMBER: 12709511 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EAST RIDING PROPERTY CO. LTD

EAST RIDING PROPERTY CO. LTD (REGISTERED NUMBER: 12709511)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST RIDING PROPERTY CO. LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: M N Zaman
Dr R N Zaman





REGISTERED OFFICE: 8 Humber View
Swanland
East Yorkshire
HU14 3ND





REGISTERED NUMBER: 12709511 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

EAST RIDING PROPERTY CO. LTD (REGISTERED NUMBER: 12709511)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 463,052 463,052

CURRENT ASSETS
Cash at bank 3,212 3,585

CREDITORS
Amounts falling due within one year 5 212,877 151,673
NET CURRENT LIABILITIES (209,665 ) (148,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,387

314,964

CREDITORS
Amounts falling due after more than one year 6 230,375 299,969
NET ASSETS 23,012 14,995

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,010 14,993
SHAREHOLDERS' FUNDS 23,012 14,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

EAST RIDING PROPERTY CO. LTD (REGISTERED NUMBER: 12709511)

BALANCE SHEET - continued
31 March 2024


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 5 August 2024 and were signed on its behalf by:





M N Zaman - Director


EAST RIDING PROPERTY CO. LTD (REGISTERED NUMBER: 12709511)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

East Riding Property Limited is a company incorporated and domiciled in England and has its registered office and principle place of business at 8 Humber View, Swanland, East Yorkshire, HU14 3ND.

The principal activity of the Company is a Property Management and Investment Company..

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

EAST RIDING PROPERTY CO. LTD (REGISTERED NUMBER: 12709511)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 463,052
NET BOOK VALUE
At 31 March 2024 463,052
At 31 March 2023 463,052

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,880 2,551
Other creditors 210,997 149,122
212,877 151,673

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 230,375 299,969

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Interest only bank loans repayable after 5 years 230,375 299,969

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 230,375 299,969

Bank loans are secured by a legal charge which is held over the freehold properties 12A Albion Place, Leeds and 66 North Street, Leeds.

EAST RIDING PROPERTY CO. LTD (REGISTERED NUMBER: 12709511)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors have loaned to the company an amount of £6,246 (2023: £2,862).

This loan is made on interest free terms and is repayable on demand.This amount is included in other creditors at the year end.

9. RELATED PARTY DISCLOSURES

Included in creditors is a loan from East Riding Doctors Limited (a company controlled by the directors). The loan is interest free and repayable on demand. The amount owing at the year end was £203,000 (2023: £145,000).

10. ULTIMATE CONTROLLING PARTY

The company is under the control the company directors as they own 100% of the issued share capital.