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REGISTERED NUMBER: 13220495 (England and Wales)















Edry Property Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Edry Property Limited (Registered number: 13220495)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Edry Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M C Edwards
D M Edwards





REGISTERED OFFICE: Room 1 The Courtyard Parc Busnes Edwards
Llantrisant
Pontyclun
United Kingdom
CF72 8TQ





REGISTERED NUMBER: 13220495 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Edry Property Limited (Registered number: 13220495)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,663,809 1,667,037

CURRENT ASSETS
Debtors 5 18,561 9,628
Cash at bank 36,880 71,413
55,441 81,041
CREDITORS
Amounts falling due within one year 6 311,736 248,735
NET CURRENT LIABILITIES (256,295 ) (167,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,407,514

1,499,343

CREDITORS
Amounts falling due after more than one year 7 926,740 1,136,723
NET ASSETS 480,774 362,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 480,674 362,520
SHAREHOLDERS' FUNDS 480,774 362,620

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

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

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 18 September 2024 and were signed on its behalf by:





M C Edwards - Director


Edry Property Limited (Registered number: 13220495)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Edry 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,654,097 19,848 1,673,945
DEPRECIATION
At 1 April 2023 - 6,908 6,908
Charge for year - 3,228 3,228
At 31 March 2024 - 10,136 10,136
NET BOOK VALUE
At 31 March 2024 1,654,097 9,712 1,663,809
At 31 March 2023 1,654,097 12,940 1,667,037

Edry Property Limited (Registered number: 13220495)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,651 3,790
Other debtors 2,746 1,741
Prepayments and accrued income 7,164 4,097
18,561 9,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 37,276 35,807
Other loans 53,892 -
Trade creditors 10,616 21,971
Tax 40,829 35,656
Social security and other taxes - 81
Other creditors 7,911 6,549
Directors' current accounts 120,000 120,001
Accruals and deferred income 41,212 28,670
311,736 248,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 38,721 37,276
Bank loans - 2-5 years 116,164 111,829
Bank loans more 5 yr by instal 115,146 158,202
Other loans - 1-2 years 53,892 -
Other loans - 2-5 years 161,676 -
Other loans more 5yrs instal 184,114 -
Directors' loan accounts 257,027 829,416
926,740 1,136,723

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 115,146 158,202
Other loans more 5yrs instal 184,114 -
299,260 158,202

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 307,307 343,114

Santander UK PLC hold both fixed and floating charges over the company's freehold property.

9. RELATED PARTY DISCLOSURES

During the year, the reporting entity received a loan from a company under common control. The balance outstanding as at the balance sheet date is £453,574 (2023: £nil). Interest is being charged at 2.25% above base rate.