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REGISTERED NUMBER: 12368427 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

EC4 ESTATES LTD

EC4 ESTATES LTD (REGISTERED NUMBER: 12368427)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EC4 ESTATES LTD

Company Information
for the year ended 31 December 2023







DIRECTOR: M J Ireland





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 12368427 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

EC4 ESTATES LTD (REGISTERED NUMBER: 12368427)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,450,000 1,405,000

CURRENT ASSETS
Debtors 5 2,144 18,872
Cash at bank 14,197 21,052
16,341 39,924
CREDITORS
Amounts falling due within one year 6 (202,262 ) (1,513,738 )
NET CURRENT LIABILITIES (185,921 ) (1,473,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,079

(68,814

)

CREDITORS
Amounts falling due after more than one
year

7

(1,264,000

)

-
NET ASSETS/(LIABILITIES) 79 (68,814 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (921 ) (69,814 )
SHAREHOLDERS' FUNDS 79 (68,814 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

EC4 ESTATES LTD (REGISTERED NUMBER: 12368427)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 14 October 2024 and were signed by:





M J Ireland - Director


EC4 ESTATES LTD (REGISTERED NUMBER: 12368427)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

EC4 Estates 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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and rental income is recognised on an accruals basis.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The property has been valued using an open market valuation by Martin Ireland, the director.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

EC4 ESTATES LTD (REGISTERED NUMBER: 12368427)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,405,000
Revaluations 45,000
At 31 December 2023 1,450,000
NET BOOK VALUE
At 31 December 2023 1,450,000
At 31 December 2022 1,405,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 (107,142 )
Valuation in 2023 45,000
Cost 1,512,142
1,450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,144 18,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,413 2,413
Amounts owed to group undertakings 165,140 159,570
Taxation and social security 6,570 8,755
Other creditors 28,139 1,343,000
202,262 1,513,738

EC4 ESTATES LTD (REGISTERED NUMBER: 12368427)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,264,000 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

At the beginning of the year, the company owed EC4 Capital, a related party, £159,570. During the current year, repayments of £2,430 and advances of £8,000 have been made. The balance due to EC4 Capital at the year end date is £165,140.