REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024 |
FOR |
EDEN INVESTMENT HOLDINGS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024 |
FOR |
EDEN INVESTMENT HOLDINGS LTD |
EDEN INVESTMENT HOLDINGS LTD (REGISTERED NUMBER: 14613282) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EDEN INVESTMENT HOLDINGS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
First Floor |
Unit 4, Broadfield Court |
Sheffield |
South Yorkshire |
S8 0XF |
EDEN INVESTMENT HOLDINGS LTD (REGISTERED NUMBER: 14613282) |
BALANCE SHEET |
31 JANUARY 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings | 7 |
The director acknowledges his 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 were approved by the director and authorised for issue on |
EDEN INVESTMENT HOLDINGS LTD (REGISTERED NUMBER: 14613282) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Eden Investment Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The directors have made key assumptions in the determination of the fair value of investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. The valuation of the property at the reporting date is stated in the notes to the accounts. |
Turnover |
Turnover represents total rents receivable during the year. |
Investment property |
Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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 period was NIL. |
EDEN INVESTMENT HOLDINGS LTD (REGISTERED NUMBER: 14613282) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 24 JANUARY 2023 TO 31 JANUARY 2024 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | 50 |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
Fair value at 31 January 2024 is represented by: |
£ |
Valuation in 2024 | 50 |
Cost | 242,050 |
242,100 |
If had not been revalued would have been included at the following historical cost: |
£ |
Cost | 242,050 |
The investment property was valued at the balance sheet date by the director of the company who is not a professionally qualified valuer. The fair value has been determined by reference to market factors including evidence of transaction prices for similar property in the location where the property is situated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Corporation tax |
Other creditors |
Accruals and deferred income |
7. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
Profit for the period |
Reserves transfer - revaluations | (50 | ) | 50 | - |
Deferred tax on revaluation of investment property |
10 |
(10 |
) |
- |
At 31 January 2024 | 3,031 |