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REGISTERED NUMBER: 08171226 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ESTEREL ESTATES LIMITED

ESTEREL ESTATES LIMITED (REGISTERED NUMBER: 08171226)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ESTEREL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr G Laidlaw





REGISTERED OFFICE: 1 Studdal Farm Cottage
Homestead Lane
Studdal
Kent
CT15 5BL





REGISTERED NUMBER: 08171226 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

ESTEREL ESTATES LIMITED (REGISTERED NUMBER: 08171226)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,182,923 1,537,923

CURRENT ASSETS
Debtors 5 1,020 1,020
Cash at bank 12,279 6,302
13,299 7,322
CREDITORS
Amounts falling due within one year 6 329,496 305,550
NET CURRENT LIABILITIES (316,197 ) (298,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,726

1,239,695

CREDITORS
Amounts falling due after more than one
year

7

866,339

1,171,438
NET ASSETS 387 68,257

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 187 68,057
SHAREHOLDERS' FUNDS 387 68,257

ESTEREL ESTATES LIMITED (REGISTERED NUMBER: 08171226)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





Mr G Laidlaw - Director


ESTEREL ESTATES LIMITED (REGISTERED NUMBER: 08171226)

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


1. STATUTORY INFORMATION

Esterel Estates 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.

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.

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 February 2023 1,537,923
Disposals (355,000 )
At 31 January 2024 1,182,923
Net book value
At 31 January 2024 1,182,923
At 31 January 2023 1,537,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 1,020 1,020

ESTEREL ESTATES LIMITED (REGISTERED NUMBER: 08171226)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 2,323 2,963
Other creditors 327,173 302,587
329,496 305,550

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 866,339 1,171,438

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 866,339 1,171,438

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 866,339 1,171,438

At 31st January 2024, there exists fixed and floating charges in favour of Metro Bank PLC in respect of charges dated 18th February 2016, 20th September 2018 and 28th November 2018 against all properties held under the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200