Company Registration No. 7941231 (England and Wales)
EcoProperties (UK) Limited
Unaudited accounts
for the year ended 31 March 2024
EcoProperties (UK) Limited
Unaudited accounts
Contents
EcoProperties (UK) Limited
Company Information
for the year ended 31 March 2024
Company Number
7941231 (England and Wales)
Registered Office
17 Seagrave Road
London
SW16 1RP
Accountants
Selma Felton FCPFA for and behalf of Selma Felton Ltd
Trading as On The Spot
EcoProperties (UK) Limited
Statement of financial position
as at 31 March 2024
Inventories
829,801
829,801
Debtors
2,659,057
2,357,343
Cash at bank and in hand
6,901
11,092
Creditors: amounts falling due within one year
(27,598)
(33,253)
Net current assets
3,543,161
3,235,024
Total assets less current liabilities
3,543,162
3,236,196
Creditors: amounts falling due after more than one year
(2,205,116)
(2,276,291)
Net assets
1,338,046
959,905
Called up share capital
2
2
Profit and loss account
1,338,044
959,903
Shareholders' funds
1,338,046
959,905
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 15 November 2024 and were signed on its behalf by
Nanik Daswani
Director
Company Registration No. 7941231
EcoProperties (UK) Limited
Notes to the Accounts
for the year ended 31 March 2024
EcoProperties (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 7941231. The registered office is 17 Seagrave Road, London, SW16 1RP.
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.
Preparation of consolidated financial statements
The financial statements contain information about EcoProperties (UK) Limited as an individual company and do not contain consolidated financial information as a parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 % on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
9,847
5,149
14,996
At 31 March 2024
9,847
5,149
14,996
At 1 April 2023
9,365
4,460
13,825
Charge for the year
482
689
1,171
At 31 March 2024
9,847
5,149
14,996
At 31 March 2023
482
689
1,171
EcoProperties (UK) Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
1
Valuation at 31 March 2024
1
The company's investments as at 31 March 2024 in the share capital of companies include the following:
Eco Lexham Ltd- property development
Class of shares: Ordinary 100% holding
Aggregate capital and reserves
31/03/2024- (£1,751,705)
31/03/2023 (£1,344,805)
Loss for the period
31/03/2024 (£406,899)
31/03/2023 (£327,129)
Amounts falling due within one year
Amounts due from group undertakings etc.
2,652,967
2,350,210
Accrued income and prepayments
5,128
5,128
Amounts falling due after more than one year
7
Investments held as current assets
2024
2023
Unlisted investments
75,000
70,041
8
Creditors: amounts falling due within one year
2024
2023
Other creditors
25,238
31,078
EcoProperties (UK) Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
574,744
574,744
Loans from directors
1,630,372
1,645,147
Creditors repayable after more than one year are represented by:
Lendco loan of £574,744 relating to Kramer Mews development and an unsecured loan from the Director of £1,630,372.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Transactions with related parties
The company has provided an unsecured loan of £2,652,967 to its subsidiary Eco Lexham Ltd at the financial year end.
The company's leasehold property is held on trust by the Director subject to a secured lending arrangement.
Eco Properties (UK) Ltd has only one subsidiary, however, no consolidated financial statements are prepared for the group.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).