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REGISTERED NUMBER: 07811293 (England and Wales)
























Financial Statements

for the Year Ended 29 February 2024

for

EPIC Project Holdings Co Ltd

EPIC Project Holdings Co Ltd (Registered number: 07811293)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EPIC Project Holdings Co Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J P Reilly
R J Raymond





SECRETARY: J P Reilly





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





REGISTERED NUMBER: 07811293 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

EPIC Project Holdings Co Ltd (Registered number: 07811293)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,000 2,000
Investment property 5 400,000 400,000
402,000 402,000

CURRENT ASSETS
Debtors 6 26,080 30,960
Cash at bank 224 725
26,304 31,685
CREDITORS
Amounts falling due within one year 7 89,479 100,571
NET CURRENT LIABILITIES (63,175 ) (68,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,825

333,114

CREDITORS
Amounts falling due after more than one year 8 (30,874 ) (65,657 )

PROVISIONS FOR LIABILITIES (21,104 ) (17,758 )
NET ASSETS 286,847 249,699

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 72,360 75,706
Retained earnings 11 213,487 172,993
SHAREHOLDERS' FUNDS 286,847 249,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

EPIC Project Holdings Co Ltd (Registered number: 07811293)

Balance Sheet - continued
29 February 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 28 November 2024 and were signed on its behalf by:





R J Raymond - Director


EPIC Project Holdings Co Ltd (Registered number: 07811293)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

EPIC Project Holdings Co Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about EPIC Project Holdings Co Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net rents received, excluding value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 2,000
NET BOOK VALUE
At 29 February 2024 2,000
At 28 February 2023 2,000

EPIC Project Holdings Co Ltd (Registered number: 07811293)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 400,000
NET BOOK VALUE
At 29 February 2024 400,000
At 28 February 2023 400,000

The investment property is shown at its fair value at the Balance Sheet date as valued by the directors. The valuation was made on a fair value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 93,464
Cost 306,536
400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,080 30,960

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 31,313 31,885
Trade creditors - 576
Amounts owed to group undertakings 29,395 18,834
Tax 19,435 13,195
Social security and other taxes 5,788 8,321
Other creditors 3,250 2,600
Directors' current accounts 298 25,160
89,479 100,571

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 30,874 65,657

EPIC Project Holdings Co Ltd (Registered number: 07811293)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,313 31,885

Amounts falling due between one and two years:
Bank loans - 1-2 years 30,874 31,885

Amounts falling due between two and five years:
Bank loans - 2-5 years - 33,772

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 62,187 97,542

Barclays Bank Plc have a fixed charge over the company's freehold property.

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

At 1 March 2023 172,993 75,706 248,699
Profit for the year 242,148 242,148
Dividends (205,000 ) (205,000 )
Reserve transfer 3,346 (3,346 ) -
At 29 February 2024 213,487 72,360 285,847