IRIS Accounts Production v24.2.0.383 03122444 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 0.10000 Ordinary B 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031224442023-03-31031224442024-03-31031224442023-04-012024-03-31031224442022-03-31031224442022-04-012023-03-31031224442023-03-3103122444ns15:EnglandWales2023-04-012024-03-3103122444ns14:PoundSterling2023-04-012024-03-3103122444ns10:Director12023-04-012024-03-3103122444ns10:Director22023-04-012024-03-3103122444ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103122444ns10:SmallEntities2023-04-012024-03-3103122444ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103122444ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103122444ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103122444ns10:FullAccounts2023-04-012024-03-3103122444ns10:OrdinaryShareClass12023-04-012024-03-3103122444ns10:OrdinaryShareClass22023-04-012024-03-3103122444ns10:Director32023-04-012024-03-3103122444ns10:Director42023-04-012024-03-3103122444ns10:CompanySecretary12023-04-012024-03-3103122444ns10:RegisteredOffice2023-04-012024-03-3103122444ns5:CurrentFinancialInstruments2024-03-3103122444ns5:CurrentFinancialInstruments2023-03-3103122444ns5:Non-currentFinancialInstruments2024-03-3103122444ns5:Non-currentFinancialInstruments2023-03-3103122444ns5:ShareCapital2024-03-3103122444ns5:ShareCapital2023-03-3103122444ns5:RevaluationReserve2024-03-3103122444ns5:RevaluationReserve2023-03-3103122444ns5:RetainedEarningsAccumulatedLosses2024-03-3103122444ns5:RetainedEarningsAccumulatedLosses2023-03-3103122444ns5:LandBuildings2023-03-3103122444ns5:LandBuildings2024-03-3103122444ns5:LandBuildings2023-03-3103122444ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103122444ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103122444ns5:CurrentFinancialInstruments2023-04-012024-03-3103122444ns5:Non-currentFinancialInstruments2023-04-012024-03-3103122444ns5:DeferredTaxation2023-03-3103122444ns5:DeferredTaxation2023-04-012024-03-3103122444ns5:DeferredTaxation2024-03-3103122444ns10:OrdinaryShareClass12024-03-3103122444ns10:OrdinaryShareClass22024-03-3103122444ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 03122444 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ebbdyne Limited

Ebbdyne Limited (Registered number: 03122444)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ebbdyne Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G M Faiman
Mrs M E Abrahams
Mrs A R Faiman
Mrs R E Lesser





SECRETARY: Mrs A R Faiman





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 03122444 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Ebbdyne Limited (Registered number: 03122444)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 471,425 471,425

CURRENT ASSETS
Debtors 5 65,703 47,124
Cash at bank 307,623 265,610
373,326 312,734
CREDITORS
Amounts falling due within one year 6 131,756 109,743
NET CURRENT ASSETS 241,570 202,991
TOTAL ASSETS LESS CURRENT LIABILITIES 712,995 674,416

CREDITORS
Amounts falling due after more than one
year

7

(200,000

)

(200,000

)

PROVISIONS FOR LIABILITIES 9 (3,622 ) (2,752 )
NET ASSETS 509,373 471,664

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 11,735 11,735
Retained earnings 497,538 459,829
SHAREHOLDERS' FUNDS 509,373 471,664

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.

Ebbdyne Limited (Registered number: 03122444)

Balance Sheet - continued
31 March 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 30 September 2024 and were signed on its behalf by:




G M Faiman - Director



Mrs A R Faiman - Director


Ebbdyne Limited (Registered number: 03122444)

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

1. STATUTORY INFORMATION

Ebbdyne 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents management fees and ground rents receivable.

Tangible fixed assets
Freehold land and buildings are based on formal valuations conducted in November 2018 by Aston Rose Chartered Surveyors. Whilst subsequent valuations have been conducted by the directors, who are considered to have sufficient expertise to provide a true and fair view, the Leasehold Reform (Ground Rent) Act 2022 is currenty causing uncertainty within the ground rent business. Further reforms are anticipated, which could have an impact on property valuations going forward.

Ebbdyne Limited (Registered number: 03122444)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Ebbdyne Limited (Registered number: 03122444)

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

2. ACCOUNTING POLICIES - continued

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 471,425
NET BOOK VALUE
At 31 March 2024 471,425
At 31 March 2023 471,425

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2018 14,487
Cost 456,938
471,425

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 456,938 456,938

Land and buildings were valued on an open market basis on 28 November 2018 by Aston Rose Chartered Surveyors .

Ebbdyne Limited (Registered number: 03122444)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,985 1,241
Other debtors 61,718 45,883
65,703 47,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 23,600 17,965
Other creditors 108,156 91,778
131,756 109,743

Included within other creditors is a directors' loan account. Interest has not been charged.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 200,000 200,000

Included within other creditors is a directors' loan account. Interest has not been charged.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Directors' loan account 236,934 236,321

The directors' loan account is secured by legal charges over the company's assets.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,622 2,752

Deferred
tax
£   
Balance at 1 April 2023 2,752
Charge to Income Statement during year 870
Balance at 31 March 2024 3,622

Ebbdyne Limited (Registered number: 03122444)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750 Ordinary A £0.10 75 75
250 Ordinary B £0.10 25 25
100 100

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 11,735