Company registration number 09380062 (England and Wales)
EDGAR AND EDGAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
EDGAR AND EDGAR LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EDGAR AND EDGAR LIMITED (REGISTERED NUMBER: 09380062)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,206
1,609
Investment property
4
4,289,152
4,701,019
4,290,358
4,702,628
Current assets
Debtors
5
187,897
190,504
Cash at bank and in hand
8,381
11,156
196,278
201,660
Creditors: amounts falling due within one year
6
(2,961,876)
(2,833,665)
Net current liabilities
(2,765,598)
(2,632,005)
Total assets less current liabilities
1,524,760
2,070,623
Creditors: amounts falling due after more than one year
7
(1,941,424)
(2,279,140)
Net liabilities
(416,664)
(208,517)
Capital and reserves
Called up share capital
2
2
Non-distributable profits reserve
377,648
418,863
Distributable profit and loss reserves
(794,314)
(627,382)
Total equity
(416,664)
(208,517)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EDGAR AND EDGAR LIMITED (REGISTERED NUMBER: 09380062)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Mrs B Edgar
Director
EDGAR AND EDGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Edgar And Edgar Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent and rent to rent services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

EDGAR AND EDGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
9,875
297
1,623
11,795
Depreciation and impairment
At 1 April 2023
8,557
257
1,372
10,186
Depreciation charged in the year
330
10
63
403
At 31 March 2024
8,887
267
1,435
10,589
Carrying amount
At 31 March 2024
988
30
188
1,206
At 31 March 2023
1,318
40
251
1,609
4
Investment property
2024
£
Fair value
At 1 April 2023
4,701,020
Additions
83,132
Disposals
(495,000)
At 31 March 2024
4,289,152
EDGAR AND EDGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Investment property
(Continued)
- 5 -

Investment property comprises properties at fair value of £4,289,152. The fair value of the investment property has been arrived at by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
11,892
Other debtors
187,897
178,612
187,897
190,504
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,067
3,067
Trade creditors
18,847
2,117
Other creditors
2,939,962
2,828,481
2,961,876
2,833,665

The bank loans are secured against the properties in the company's name by way of a fixed and floating charge.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,941,424
2,279,140

The bank loans are secured against the properties in the company's name by way of a fixed and floating charge.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
1,941,424
2,279,140
EDGAR AND EDGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
8
Parent company

The ultimate controlling parent Company is Edgar Edgar Holdings Limited, a Company incorporated in England and Wales.

 

The ultimate controlling party is B Edgar, T Edgar and D Edgar.

2024-03-312023-04-01false30 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMrs B EdgarMr T F EdgarMr D Edgarfalsefalse093800622023-04-012024-03-31093800622024-03-31093800622023-03-3109380062core:LeaseholdImprovements2024-03-3109380062core:FurnitureFittings2024-03-3109380062core:ComputerEquipment2024-03-3109380062core:LeaseholdImprovements2023-03-3109380062core:FurnitureFittings2023-03-3109380062core:ComputerEquipment2023-03-3109380062core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3109380062core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3109380062core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3109380062core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3109380062core:CurrentFinancialInstruments2024-03-3109380062core:CurrentFinancialInstruments2023-03-3109380062core:ShareCapital2024-03-3109380062core:ShareCapital2023-03-3109380062core:FurtherSpecificReserve1ComponentTotalEquity2024-03-3109380062core:FurtherSpecificReserve1ComponentTotalEquity2023-03-3109380062core:RetainedEarningsAccumulatedLosses2024-03-3109380062core:RetainedEarningsAccumulatedLosses2023-03-3109380062bus:Director12023-04-012024-03-3109380062core:LeaseholdImprovements2023-04-012024-03-3109380062core:FurnitureFittings2023-04-012024-03-3109380062core:ComputerEquipment2023-04-012024-03-31093800622022-04-012023-03-3109380062core:LeaseholdImprovements2023-03-3109380062core:FurnitureFittings2023-03-3109380062core:ComputerEquipment2023-03-31093800622023-03-3109380062core:WithinOneYear2024-03-3109380062core:WithinOneYear2023-03-3109380062core:Non-currentFinancialInstruments2024-03-3109380062core:Non-currentFinancialInstruments2023-03-3109380062bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109380062bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109380062bus:FRS1022023-04-012024-03-3109380062bus:AuditExemptWithAccountantsReport2023-04-012024-03-3109380062bus:Director22023-04-012024-03-3109380062bus:Director32023-04-012024-03-3109380062bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP