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REGISTERED NUMBER: 03838354 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EVINGTON PROPERTIES LIMITED

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVINGTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G S Sandhu
E S Sandhu





SECRETARY: E S Sandhu





REGISTERED OFFICE: 42 Lampton Road
Hounslow
Middlesex
TW3 1JH





REGISTERED NUMBER: 03838354 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,314 7,576
Investment property 5 1,600,000 1,600,000
1,608,314 1,607,576

CURRENT ASSETS
Debtors 6 11,911 4,140
Cash at bank 1,466,796 1,467,939
1,478,707 1,472,079
CREDITORS
Amounts falling due within one year 7 681,743 685,494
NET CURRENT ASSETS 796,964 786,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,405,278

2,394,161

CREDITORS
Amounts falling due after more than one
year

8

(525,000

)

(525,000

)

PROVISIONS FOR LIABILITIES (116,905 ) (116,591 )
NET ASSETS 1,763,373 1,752,570

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 547,389 547,389
Retained earnings 9 1,215,884 1,205,081
SHAREHOLDERS' FUNDS 1,763,373 1,752,570

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

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

The directors acknowledge their 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.

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





E S Sandhu - Director


EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


1. STATUTORY INFORMATION

Evington Properties 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance

INVESTMENT PROPERTY
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 53,061
Additions 2,205
At 31 March 2024 55,266
DEPRECIATION
At 1 April 2023 45,485
Charge for year 1,467
At 31 March 2024 46,952
NET BOOK VALUE
At 31 March 2024 8,314
At 31 March 2023 7,576

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,600,000
NET BOOK VALUE
At 31 March 2024 1,600,000
At 31 March 2023 1,600,000

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 (44,533 )
Valuation in 2008 (80,000 )
Valuation in 2009 140,000
Valuation in 2010 424,000
Valuation in 2011 (83,926 )
Valuation in 2012 (103,541 )
Valuation in 2014 60,000
Valuation in 2018 552,108
Valuation in 2020 (75,000 )
Valuation in 2021 25,000
Cost 785,892
1,600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 989
Other debtors 11,911 3,151
11,911 4,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,068 336
Taxation and social security 5,231 3,704
Other creditors 675,444 681,454
681,743 685,494

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 525,000
Other creditors 525,000 -
525,000 525,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Woolwich Britannic House - 525,000

EVINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 03838354)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Other creditors refers to loan taken from Coomb Finance Ltd which is secured over the company's investment properties.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 1,205,081 547,389 1,752,470
Profit for the year 25,088 25,088
Dividends (14,285 ) (14,285 )
At 31 March 2024 1,215,884 547,389 1,763,273

10. RELATED PARTY DISCLOSURES

As at 31.03.2024, the Company owed £525,000 to Coomb Finance Limited in which Mr E S Sandhu and Mr G S Sandhu are directors and shareholders. Interest of £19,250 was payable on this loan.

11. CONTROLLING PARTY

The company is under the control of its director, Mr E Sandhu by virtue of his shareholding in the company.