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REGISTERED NUMBER: 13409745 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

EVANS ESSEX PROPERTY LTD

EVANS ESSEX PROPERTY LTD (REGISTERED NUMBER: 13409745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVANS ESSEX PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S W Evans
Mrs A J Evans





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-On-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 40 Leasway
Westcliff-on-Sea
Essex
SS0 8PB





REGISTERED NUMBER: 13409745 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

EVANS ESSEX PROPERTY LTD (REGISTERED NUMBER: 13409745)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152 203
Investment property 5 464,000 450,000
464,152 450,203

CURRENT ASSETS
Debtors 6 1,245 1,360
Cash at bank 13,152 5,075
14,397 6,435
CREDITORS
Amounts falling due within one year 7 148,229 147,977
NET CURRENT LIABILITIES (133,832 ) (141,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,320

308,661

CREDITORS
Amounts falling due after more than one
year

8

(307,091

)

(307,080

)

PROVISIONS FOR LIABILITIES (9,197 ) (5,697 )
NET ASSETS/(LIABILITIES) 14,032 (4,116 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 27,591 17,091
Retained earnings 11 (13,659 ) (21,307 )
SHAREHOLDERS' FUNDS 14,032 (4,116 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

EVANS ESSEX PROPERTY LTD (REGISTERED NUMBER: 13409745)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





S W Evans - Director


EVANS ESSEX PROPERTY LTD (REGISTERED NUMBER: 13409745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Evans Essex Property Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 361
DEPRECIATION
At 1 June 2023 158
Charge for year 51
At 31 May 2024 209
NET BOOK VALUE
At 31 May 2024 152
At 31 May 2023 203

EVANS ESSEX PROPERTY LTD (REGISTERED NUMBER: 13409745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 450,000
Revaluations 14,000
At 31 May 2024 464,000
NET BOOK VALUE
At 31 May 2024 464,000
At 31 May 2023 450,000

The company's investment properties were revalued to open market value at the period end by the company's directors using their best judgement.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 877 859
Other debtors 368 501
1,245 1,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 148,229 147,977

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 307,091 307,080

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 307,091 307,080

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 307,091 307,080

The bank loans are secured by a fixed charge over the company's investment properties.

EVANS ESSEX PROPERTY LTD (REGISTERED NUMBER: 13409745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
51 Ordinary A £1 51 51
25 Ordinary B £1 25 25
12 Ordinary C £1 12 12
12 Ordinary D £1 12 12
100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 (21,307 ) 17,091 (4,216 )
Profit for the year 18,148 18,148
Fair value gains (10,500 ) 10,500 -
At 31 May 2024 (13,659 ) 27,591 13,932