Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falseProperty management33truetrue 13257298 2023-03-01 2024-02-29 13257298 2022-03-01 2023-02-28 13257298 2024-02-29 13257298 2023-02-28 13257298 c:Director1 2023-03-01 2024-02-29 13257298 d:OfficeEquipment 2023-03-01 2024-02-29 13257298 d:OfficeEquipment 2024-02-29 13257298 d:OfficeEquipment 2023-02-28 13257298 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13257298 d:CurrentFinancialInstruments 2024-02-29 13257298 d:CurrentFinancialInstruments 2023-02-28 13257298 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13257298 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13257298 d:ShareCapital 2024-02-29 13257298 d:ShareCapital 2023-02-28 13257298 d:RetainedEarningsAccumulatedLosses 2024-02-29 13257298 d:RetainedEarningsAccumulatedLosses 2023-02-28 13257298 c:OrdinaryShareClass1 2023-03-01 2024-02-29 13257298 c:OrdinaryShareClass1 2024-02-29 13257298 c:OrdinaryShareClass1 2023-02-28 13257298 c:FRS102 2023-03-01 2024-02-29 13257298 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13257298 c:FullAccounts 2023-03-01 2024-02-29 13257298 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13257298 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13257298














EBURY PROPERTY MANAGEMENT LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
EBURY PROPERTY MANAGEMENT LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
EBURY PROPERTY MANAGEMENT LTD
REGISTERED NUMBER:13257298

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
894
675

  
894
675

Current assets
  

Debtors: amounts falling due within one year
 5 
61,508
55,569

Cash at bank and in hand
  
41,803
127,246

  
103,311
182,815

  

Creditors: amounts falling due within one year
 6 
(408,091)
(312,126)

Net current liabilities
  
 
 
(304,780)
 
 
(129,311)

Total assets less current liabilities
  
(303,886)
(128,636)

  

Net liabilities
  
(303,886)
(128,636)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(303,986)
(128,736)

  
(303,886)
(128,636)


Page 1

 
EBURY PROPERTY MANAGEMENT LTD
REGISTERED NUMBER:13257298
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2024.




M Weaver
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EBURY PROPERTY MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Ebury Property Management Ltd is a limited liability company registered in England & Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London W1K 3NB and its principal place of business is 25 Eccleston Place, London SW1W 9NF.
Its prinicipal business activity is that of property management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss in the year and has net current liabilities and net liabilities at the year end. The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependent on the continued support of the parent company. The directors are satisfied that sufficient facilities will continue to be made available for at least twelve months from the date of approval of these financial statements and that the Company will be able to meet its working capital requirements for the foreseeable future.

 
2.3

Revenue

Revenue for property management and related services is recognised in the period in which those services are provided.

 
2.4

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
EBURY PROPERTY MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a maket rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
EBURY PROPERTY MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
759


Additions
654



At 29 February 2024

1,413



Depreciation


At 1 March 2023
84


Charge for the year on owned assets
435



At 29 February 2024

519



Net book value



At 29 February 2024
894



At 28 February 2023
675


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
55,328
53,430

Other debtors
118
-

Prepayments and accrued income
6,062
2,139

61,508
55,569


Page 5

 
EBURY PROPERTY MANAGEMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
997
2,197

Amounts owed to group undertakings
389,900
263,900

Other creditors
264
31,364

Accruals and deferred income
16,930
14,665

408,091
312,126



7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



8.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,972 (2023 - £2,445). Contributions totalling £264 (2023 - £2,354) were payable to the fund at the reporting date and are included in creditors.


9.


Controlling party

The Company's immediate and ultimate parent company is Ebury Property Management Jersey Ltd, a company registered in Jersey. There is no ultimate controlling party.

 
Page 6