ETERNIT PROPERTIES LIMITED |
REPORT OF THE DIRECTORS AND |
ABRIDGED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2023 |
ETERNIT PROPERTIES LIMITED |
REPORT OF THE DIRECTORS AND |
ABRIDGED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2023 |
ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ETERNIT PROPERTIES LIMITED |
COMPANY INFORMATION |
for the year ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Churchill Court |
58 Station Road |
North Harrow |
Middlesex |
HA2 7ST |
BANKERS: |
Corporate Branch |
Leicester |
Leicestershire |
LE87 2BB |
ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532) |
STATEMENT OF FINANCIAL POSITION |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
446,436 | 424,428 |
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. |
ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532) |
STATEMENT OF FINANCIAL POSITION - continued |
31 December 2023 |
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 |
ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Eternit Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company adopted the new accounting standard FRS102 on 1 January 2016. No amendments have been necessitated to the previously reported figures. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - |
ETERNIT PROPERTIES LIMITED (REGISTERED NUMBER: 02865532) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 January 2023 |
and 31 December 2023 |
Depreciation |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
UK Corporation Tax |
Amounts due to related parties | 66,948 | 56,948 |
Directors' current accounts | 1,103,517 | 1,129,316 |
Accruals and deferred income |
8. | CONTINGENT LIABILITIES |
As far as the director is aware, there were no contingent liabilities at the balance sheet date. |
9. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed £66,948 (2022 - £56,948) to a company in which the directors have a controlling interest. No interest is payable and the loan is repayable on demand. |
Management fee income received of £20,000 (2022 - £20,000) is from the company stated above. |
. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is C E Marsh. |