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REGISTERED NUMBER: 08305245 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2022 to 30 June 2023

for

EAO Property Limited

EAO Property Limited (Registered number: 08305245)






Contents of the Financial Statements
for the Period 1 December 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAO Property Limited

Company Information
for the Period 1 December 2022 to 30 June 2023







DIRECTORS: A A Abdullah
M N Abdullah
M Y A Abdullah
M Abdullah
P G Evans





REGISTERED OFFICE: Unit 13 Babbage House
Northampton Science Park
Kings Park Road
Northampton
NN3 6LG





REGISTERED NUMBER: 08305245 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

EAO Property Limited (Registered number: 08305245)

Balance Sheet
30 June 2023

30.6.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 31
Investment property 5 8,832,331 8,670,784
8,832,331 8,670,815

CURRENT ASSETS
Debtors 6 16,153 67,670
Cash at bank 52,467 207,847
68,620 275,517
CREDITORS
Amounts falling due within one year 7 (2,315,259 ) (2,279,847 )
NET CURRENT LIABILITIES (2,246,639 ) (2,004,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,585,692

6,666,485

CREDITORS
Amounts falling due after more than one
year

8

(4,782,247

)

(4,848,671

)
NET ASSETS 1,803,445 1,817,814

CAPITAL AND RESERVES
Called up share capital 210 210
Share premium 599,850 599,850
Retained earnings 1,203,385 1,217,754
1,803,445 1,817,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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.

EAO Property Limited (Registered number: 08305245)

Balance Sheet - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





M N Abdullah - Director


EAO Property Limited (Registered number: 08305245)

Notes to the Financial Statements
for the Period 1 December 2022 to 30 June 2023

1. STATUTORY INFORMATION

EAO Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The accounting period has been shortened from 30 November 2023 to 30 June 2023 to align to the year ends of all the companies within the group. The comparatives are for a twelve month period and are therefore not entirely comparable to the current seven month period.

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.

Going concern
The company has net current liabilities at the year end. It is dependent on the continued support of the directors and other group companies for the continuance of trade. Both the other group companies and the directors intend to continue with such support. On that basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of that support.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

EAO Property Limited (Registered number: 08305245)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 June 2023 4,539
DEPRECIATION
At 1 December 2022 4,508
Charge for period 31
At 30 June 2023 4,539
NET BOOK VALUE
At 30 June 2023 -
At 30 November 2022 31

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 8,670,784
Additions 161,547
At 30 June 2023 8,832,331
NET BOOK VALUE
At 30 June 2023 8,832,331
At 30 November 2022 8,670,784

The 2023 valuations were made by the directors on a open market value for existing use basis.

EAO Property Limited (Registered number: 08305245)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.11.22
£    £   
Trade debtors 3,776 9,734
Amounts owed by group undertakings 3,320 3,320
Other debtors 9,057 54,616
16,153 67,670

Other debtors include prepayments and accrued income of £1,193 (2022 - £564).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.11.22
£    £   
Bank loans and overdrafts 293,634 293,634
Trade creditors 104,957 139,114
Amounts owed to group undertakings 22,835 48,993
Taxation and social security - 1,418
Other creditors 1,893,833 1,796,688
2,315,259 2,279,847

Other creditors include accruals and deferred income of £3,250 (2022 - £1,750).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.11.22
£    £   
Bank loans 2,382,276 2,463,936
Amounts owed to group undertakings 2,399,971 2,384,735
4,782,247 4,848,671

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 1,207,741 1,289,401

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.11.22
£    £   
Bank loans 2,675,910 2,757,570

Bank loans totalling £2,675,910 (2022 - £2,757,570) are secured over the investment properties and by a guarantee of £1,600,000 given by Maplyn Care Services Limited.

EAO Property Limited (Registered number: 08305245)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 30 June 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2023 and the year ended 30 November 2022:

30.6.23 30.11.22
£    £   
M N Abdullah
Balance outstanding at start of period - -
Amounts advanced - 96,704
Amounts repaid - (96,704 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

The loan was repayable on demand and interest was charged at the official HMRC rate.