Registered number
12487438
Edala Properties Ltd
Filleted Accounts
31 August 2024
Edala Properties Ltd
Registered number: 12487438
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 502,570 502,570
Current assets
Cash at bank and in hand 5,281 4,074
Creditors: amounts falling due within one year 4 (118,853) (131,995)
Net current liabilities (113,572) (127,921)
Total assets less current liabilities 388,998 374,649
Creditors: amounts falling due after more than one year 5 (350,000) (350,000)
Net assets 38,998 24,649
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,898 24,549
Shareholders' funds 38,998 24,649
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.
J McK Holmes
Director
Approved by the board on 24 September 2024
Edala Properties Ltd
Notes to the Accounts
for the year ended 31 August 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings NIL
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 502,570
At 31 August 2024 502,570
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 502,570
At 31 August 2023 502,570
4 Creditors: amounts falling due within one year 2024 2023
£ £
Directors Loans 115,500 129,000
Taxation and social security costs 3,353 2,995
118,853 131,995
5 Creditors: amounts falling due after one year 2024 2023
£ £
Shareholder Loans 350,000 350,000
6 Other information
Edala Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Normandy Close
Sway
Lymington
Hampshire
SO41 6EF
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