Registered number
05867800
Epsom Investments Limited
Filleted Accounts
31 December 2023
Epsom Investments Limited
Registered number: 05867800
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 375,135 377,171
Current assets
Cash at bank and in hand 7,093 11,987
Creditors: amounts falling due within one year 4 (100,725) (98,643)
Net current liabilities (93,632) (86,656)
Total assets less current liabilities 281,503 290,515
Creditors: amounts falling due after more than one year 5 (252,370) (252,370)
Net assets 29,133 38,145
Capital and reserves
Called up share capital 2 2
Profit and loss account 29,131 38,143
Shareholders' funds 29,133 38,145
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 JJ Tufo
Director
Approved by the board on 22 September 2024
Epsom Investments Limited
Notes to the Accounts
for the year ended 31 December 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).
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:
Fixtures, fittings and equipment over 4 years
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 372,068 8,142 380,210
At 31 December 2023 372,068 8,142 380,210
Depreciation
At 1 January 2023 - 3,039 3,039
Charge for the year - 2,036 2,036
At 31 December 2023 - 5,075 5,075
Net book value
At 31 December 2023 372,068 3,067 375,135
At 31 December 2022 372,068 5,103 377,171
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,503 2,503
Directors accounts 98,222 96,140
100,725 98,643
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 252,370 252,370
6 Other information
Epsom Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Temple Road
Epsom
Surrey KT19 8HA
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