Company Registration No. 00374891 (England and Wales)
East Midlands Property Owners Limited
Unaudited accounts
for the year ended 31 May 2024
East Midlands Property Owners Limited
Unaudited accounts
Contents
East Midlands Property Owners Limited
Company Information
for the year ended 31 May 2024
Directors
AHMED, Irfan
BHAUR, Mandeep
COLWILL, Tracy
COSSLETT, Owen Christopher Reece
DETHERIDGE, Jonathan Paul
DONEN, Daniel Michael
TOMLINSON, Thomas
WALKER, Charles Philip Daniel
Company Number
00374891 (England and Wales)
Registered Office
78 Lenton Boulevard
Lenton
Nottingham
NG7 2EN
England
Accountants
Dr Tax UK Limited
The Old School House
65A London Road
Leicester
Leicestershire
LE2 5DN
East Midlands Property Owners Limited
Statement of financial position
as at 31 May 2024
Tangible assets
5,599
6,706
Investments
195,338
184,900
Cash at bank and in hand
72,009
28,058
Creditors: amounts falling due within one year
(39,267)
(4,562)
Net current assets
34,876
28,251
Net assets
235,813
219,857
Revaluation reserve
180,898
180,898
Fair value reserve
(8,912)
(19,350)
Profit and loss account
63,827
58,309
Shareholders' funds
235,813
219,857
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
DETHERIDGE, Jonathan Paul
Director
Company Registration No. 00374891
East Midlands Property Owners Limited
Notes to the Accounts
for the year ended 31 May 2024
East Midlands Property Owners Limited is a private company, limited by shares, registered in England and Wales, registration number 00374891. The registered office is 78 Lenton Boulevard, Lenton, Nottingham, NG7 2EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
15% on reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
13,613
14,354
27,967
At 31 May 2024
13,613
14,930
28,543
At 1 June 2023
10,873
10,388
21,261
Charge for the year
1,001
682
1,683
At 31 May 2024
11,874
11,070
22,944
At 31 May 2024
1,739
3,860
5,599
At 31 May 2023
2,740
3,966
6,706
East Midlands Property Owners Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Investments
Other investments
Valuation at 1 June 2023
184,900
Fair value adjustments
10,438
Valuation at 31 May 2024
195,338
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,435
2,762
Taxes and social security
1,684
1,800
The company operates a defined contribution pension scheme. Contributions payable to the individual's pension
scheme are charged to income statement in the period to which they relate.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).