Registered number
14481726
Egans Abode Limited
Filleted Accounts
30 November 2023
Egans Abode Limited
Registered number: 14481726
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Tangible assets 3 100,922
Current assets
Cash at bank and in hand 1,668
Creditors: amounts falling due within one year 4 (101,681)
Net current liabilities (100,013)
Net assets 909
Capital and reserves
Called up share capital 100
Profit and loss account 809
Shareholders' funds 909
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mohamed Abdo
Director
Approved by the board on 9 August 2024
Egans Abode Limited
Notes to the Accounts
for the period from 14 November 2022 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings na
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 100,922
At 30 November 2023 100,922
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 100,922
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 800
Taxation and social security costs 191
Other creditors 100,690
101,681
5 Controlling party
Mr Mohamed Abdo, Mr Anas Abdo, Alma NW Limited and Mr Joshua Egan have controlling interest in the company by the virtue of their 25% each holding of the ordinary shares of the company.
6 Other information
Egans Abode Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Barton Lane
Manchester
M30 0DD
Egans Abode Limited 14481726 false 2022-11-14 2023-11-30 2023-11-30 VT Final Accounts April 2024 Mr Mohamed Abdo No description of principal activity 14481726 2022-11-14 2023-11-30 14481726 bus:PrivateLimitedCompanyLtd 2022-11-14 2023-11-30 14481726 bus:AuditExempt-NoAccountantsReport 2022-11-14 2023-11-30 14481726 bus:Director40 2022-11-14 2023-11-30 14481726 1 2022-11-14 2023-11-30 14481726 2 2022-11-14 2023-11-30 14481726 countries:England 2022-11-14 2023-11-30 14481726 bus:FRS102 2022-11-14 2023-11-30 14481726 bus:FilletedAccounts 2022-11-14 2023-11-30 14481726 2023-11-30 14481726 core:WithinOneYear 2023-11-30 14481726 core:ShareCapital 2023-11-30 14481726 core:RetainedEarningsAccumulatedLosses 2023-11-30 14481726 2022-11-13 iso4217:GBP xbrli:pure