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COMPANY REGISTRATION NUMBER: 06028176
EBL Waterfront Developments Ltd
Filleted Unaudited Financial Statements
31 March 2024
EBL Waterfront Developments Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Stocks
1,586,492
1,456,280
Debtors
4
160
Cash at bank and in hand
2,557
3,328
------------
------------
1,589,209
1,459,608
Creditors: amounts falling due within one year
5
1,612,617
1,481,601
------------
------------
Net current liabilities
23,408
21,993
--------
--------
Total assets less current liabilities
( 23,408)
( 21,993)
--------
--------
Net liabilities
( 23,408)
( 21,993)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 23,410)
( 21,995)
--------
--------
Shareholders deficit
( 23,408)
( 21,993)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EBL Waterfront Developments Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
Mr E P Basnett
Director
Company registration number: 06028176
EBL Waterfront Developments Ltd
Notes to the Financial Statements
Year ended 31st March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sycamore House, Sutton Quays Business Park, Sutton Weaver, Runcorn, Cheshire, WA7 3EH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
These financial statements have been prepared on the going concern basis as the directors believe this to be appropriate and that the company will continue to meet its liabilities as they fall due.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Debtors
2024
2023
£
£
Other debtors
160
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
959
168
Social security and other taxes
4,788
Other creditors
1,611,658
1,476,645
------------
------------
1,612,617
1,481,601
------------
------------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr E P Basnett
( 725,845)
( 13)
( 725,858)
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr E P Basnett
( 511,426)
( 214,419)
( 725,845)
---------
---------
---------
There was an interest free loan at 31st March 2024 of £725,858 owing to the Director, Mr E P Basnett .