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COMPANY REGISTRATION NUMBER: 09231471
EC146 Limited
Filleted Unaudited Financial Statements
29 February 2024
EC146 Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
EC146 Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
2,574,636
2,574,536
Cash at bank and in hand
12,734
13,474
------------
------------
2,587,370
2,588,010
Creditors: amounts falling due within one year
6
500
500
------------
------------
Net current assets
2,586,870
2,587,510
------------
------------
Total assets less current liabilities
2,586,870
2,587,510
------------
------------
Net assets
2,586,870
2,587,510
------------
------------
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
2,586,868
2,587,508
------------
------------
Shareholders funds
2,586,870
2,587,510
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
M J Fuller
S C Uloth
Director
Director
Company registration number: 09231471
EC146 Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2023: 2).
5. Debtors
2024
2023
£
£
Amounts owed by related undertakings
2,574,536
2,574,536
Other debtors
100
------------
------------
2,574,636
2,574,536
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
500
500
----
----
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
8. Related party transactions
At the year end the company was owed £2,574,536 (2023: £2,574,536) from related undertakings, controlled by company directors. The loans are unsecured and repayable on demand.