Estates Holding Group Limited
Registered number: 10600043
Statement of Financial Position
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 532,385 601,883
Financial assets 2,486 19,059
534,871 620,942
Current assets
Debtors 5 8,775 5,409
Cash at bank and in hand 23,317 9,118
32,092 14,527
Creditors: amounts falling due within one year 6 (1,320) (3,693)
Net current assets 30,772 10,834
Total assets less current liabilities 565,643 631,776
Creditors: amounts falling due after more than one year 7 (363,495) (371,480)
Provisions for liabilities (5,915) -
Net assets 196,233 260,296
Capital and reserves
Called up share capital 3 3
Fair value reserve 8 25,215 100,000
Profit and loss account 171,015 160,293
Shareholder's funds 196,233 260,296
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Mayhew
Director
Approved by the board on 14 November 2024
Estates Holding Group Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Exceptional items 2024 2023
£ £
Value adjustments on fixed assets and current asset investments 68,870 (68,870)
68,870 (68,870)
3 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company - -
4 Tangible fixed assets
Investment property Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 600,000 7,937 607,937
Fair value movements (68,870) - (68,870)
At 31 March 2024 531,130 7,937 539,067
Depreciation
At 1 April 2023 - 6,054 6,054
Charge for the year - 628 628
At 31 March 2024 - 6,682 6,682
Net book value
At 31 March 2024 531,130 1,255 532,385
At 31 March 2023 600,000 1,883 601,883
Investment property is included at fair value. It is the opinion of the director, Mr A Mayhew that the fair value of the investment property has decreased in the year. Deferred tax is provided on any gains at the rate expected to apply when the property is sold.
5 Debtors 2024 2023
£ £
Other debtors 8,775 5,409
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,320 1,055
Other creditors - 2,638
1,320 3,693
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 363,495 371,480
8 Fair value reserve 2024 2023
£ £
At 1 April 2023 100,000 31,130
Gain on fair value adjustment of investment property (68,870) 68,870
Deferred taxation arising on the fair value adjustment of investment property (5,915) -
At 31 March 2024 25,215 100,000
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A Mayhew
Repayable on demand 4,191 3,861 - 8,052
4,191 3,861 - 8,052
10 Other information
Estates Holding Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Empress Cottage
Highgate Lane
Farnborough
Hampshire
GU14 8AF
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