Edenbridge Group Limited 09785988 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 false true true true true true 09785988 2023-06-01 2024-05-31 09785988 2024-05-31 09785988 core:RetainedEarningsAccumulatedLosses 2024-05-31 09785988 core:ShareCapital 2024-05-31 09785988 core:CurrentFinancialInstruments 2024-05-31 09785988 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09785988 bus:SmallEntities 2023-06-01 2024-05-31 09785988 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09785988 bus:FilletedAccounts 2023-06-01 2024-05-31 09785988 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09785988 bus:RegisteredOffice 2023-06-01 2024-05-31 09785988 bus:Director1 2023-06-01 2024-05-31 09785988 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09785988 core:Subsidiary1 2023-06-01 2024-05-31 09785988 core:Subsidiary1 1 2023-06-01 2024-05-31 09785988 core:Subsidiary1 countries:AllCountries 2023-06-01 2024-05-31 09785988 core:Subsidiary2 2023-06-01 2024-05-31 09785988 core:Subsidiary2 1 2023-06-01 2024-05-31 09785988 core:Subsidiary2 countries:AllCountries 2023-06-01 2024-05-31 09785988 core:Subsidiary3 2023-06-01 2024-05-31 09785988 core:Subsidiary3 1 2023-06-01 2024-05-31 09785988 core:Subsidiary3 countries:AllCountries 2023-06-01 2024-05-31 09785988 core:Subsidiary4 2023-06-01 2024-05-31 09785988 core:Subsidiary4 1 2023-06-01 2024-05-31 09785988 core:Subsidiary4 countries:AllCountries 2023-06-01 2024-05-31 09785988 countries:AllCountries 2023-06-01 2024-05-31 09785988 core:CostValuation 2023-05-31 09785988 2022-06-01 2023-05-31 09785988 2023-05-31 09785988 core:RetainedEarningsAccumulatedLosses 2023-05-31 09785988 core:ShareCapital 2023-05-31 09785988 core:CurrentFinancialInstruments 2023-05-31 09785988 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09785988 core:Subsidiary1 1 2022-06-01 2023-05-31 09785988 core:Subsidiary2 1 2022-06-01 2023-05-31 09785988 core:Subsidiary3 1 2022-06-01 2023-05-31 09785988 core:Subsidiary4 1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 09785988

Edenbridge Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Edenbridge Group Limited

(Registration number: 09785988)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

351

351

Current assets

 

Debtors

5

1,086,962

18,462

Creditors: Amounts falling due within one year

6

(68,851)

(351)

Net current assets

 

1,018,111

18,111

Net assets

 

1,018,462

18,462

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,018,362

18,362

Shareholders' funds

 

1,018,462

18,462

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 August 2024
 

.........................................
Mr JR Godfrey
Director

 

Edenbridge Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 2,3 & 4 Block 8
Enterprise Way
Edenbridge
Kent
TN8 6HF
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group..

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Edenbridge Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Edenbridge Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

351

351

Subsidiaries

£

Cost or valuation

At 1 June 2023

351

Provision

Carrying amount

At 31 May 2024

351

At 31 May 2023

351

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Edenbridge Accident Repair Centre Limited

Unit 2
3&4 Block 8 Enterprise Way
Edenbridge
Kent
TN8 6HF

England & Wales

Ordinary

99%

99%

Edenbridge Lease Care Limited

Unit 2
3&4 Block 8 Enterprise Way
Edenbridge
Kent TN8 6HF

England & Wales

Ordinary

100%

100%

 

Edenbridge Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Fleetcare Solutions Limited

Unit 2
3&4 Block 8 Enterprise Way
Edenbridge
Kent
TN8 6HF

England & Wales

Ordinary

51%

51%

Edenbridge Accident Repair Centre (Biggin Hill) Limited

Unit 2
3&4 Block 8 Enterprise Way
Edenbridge
Kent
TN8 6HF

England & Wales

Ordinary

100%

100%

Subsidiary undertakings

Edenbridge Accident Repair Centre Limited

The principal activity of Edenbridge Accident Repair Centre Limited is that of repairs of motor vehicles.

Edenbridge Lease Care Limited

The principal activity of Edenbridge Lease Care Limited is that of leasing motor vehicles.

Fleetcare Solutions Limited

The principal activity of Fleetcare Solutions Limited is that of vehicle fleet services.

Edenbridge Accident Repair Centre (Biggin Hill) Limited

The principal activity of Edenbridge Accident Repair Centre (Biggin Hill) Limited is that of repairs of motor vehicles.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

1,086,862

18,362

Other debtors

 

100

100

   

1,086,962

18,462

 

Edenbridge Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

68,700

100

Other creditors

 

151

251

 

68,851

351

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

68,700

100