Company registration number 13261412 (England and Wales)
EVANS FAMILY HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
EVANS FAMILY HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EVANS FAMILY HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
160,890
160,890
Investments
5
1,641
400
162,531
161,290
Current assets
Debtors
6
373,134
-
0
Cash at bank and in hand
12,524
117,624
385,658
117,624
Creditors: amounts falling due within one year
7
(3,771)
(1,646)
Net current assets
381,887
115,978
Total assets less current liabilities
544,418
277,268
Creditors: amounts falling due after more than one year
8
(203,454)
(113,454)
Net assets
340,964
163,814
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
340,864
163,714
Total equity
340,964
163,814

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EVANS FAMILY HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 10 September 2024
Mr D Evans
Director
Company registration number 13261412 (England and Wales)
EVANS FAMILY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Evans Family Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received for rental of the investment property.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EVANS FAMILY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
1
4
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
160,890

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director at the year end. The director did not consider that the valuation at the year end differed from the valuation when the properties were purchased by the company.

EVANS FAMILY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
450
400
Other investments other than loans
1,191
-
0
1,641
400
Movements in fixed asset investments
Shares in associates
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2023
400
-
400
Additions
50
984
1,034
Valuation changes
-
207
207
At 31 March 2024
450
1,191
1,641
Carrying amount
At 31 March 2024
450
1,191
1,641
At 31 March 2023
400
-
400
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
249,950
-
0
Other debtors
123,184
-
0
373,134
-
0
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
1,737
-
0
Other creditors
2,034
1,646
3,771
1,646
EVANS FAMILY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan
113,454
113,454
Other creditors
90,000
-
0
203,454
113,454

The bank loan is secured against the investment property.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
113,454
113,454
9
Related party transactions

Amounts owed to related companies includes £90,000 in creditors and amounts owed by related companies includes £249,950 in debtors. These loans are interest free and repayable on demand.

10
Directors' transactions

Dividends totalling £1,000 (2023 - £10,000) were paid in the year in respect of shares held by the company's directors.

At the year end date, the director owed the company £123,184 (2023: the company owed the director £47). Interest has been charged at 2.25% and the balance will be repaid in the following year.

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