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REGISTERED NUMBER: 08520508 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

EDWARD HOLDINGS (UK) LTD

EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance sheet 1

Notes to the financial statements 3


EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 250,000 250,000
Investments 5 202 202
Investment property 6 295,000 295,000
545,202 545,202

Current assets
Debtors 7 427,888 533,888
Cash at bank and in hand 10,720 28,309
438,608 562,197
Creditors
Amounts falling due within one year 8 162,493 300,215
Net current assets 276,115 261,982
Total assets less current liabilities 821,317 807,184

Creditors
Amounts falling due after more than one year 9 (189,214 ) (167,657 )

Provisions for liabilities 11 (33,428 ) (33,428 )
Net assets 598,675 606,099

Capital and reserves
Called up share capital 12 300 300
Revaluation reserve 67,500 67,500
Fair value reserve 32,783 32,783
Retained earnings 498,092 505,516
Shareholders' funds 598,675 606,099

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.

EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Mr G Brooks - Director



Mr S Seyed-Rezai - Director


EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

Edward Holdings (UK) Limited is a private company, limited by shares, incorporated in England within the United Kingdom registration number 08520508. The address of the registered office is 7& 8 Church Street, Wimborne, Dorset, BH21 1JH and place of business is 404 Ringwood Road, Ferndown, Dorset, BH22 9AU.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets
Freehold land and buildings are initially recorded at cost. Freehold property is subsequently carried at the revalued amount as at the balance sheet date. Any changes in the value of freehold property is taken to the revaluation reserve and gains are recognised in the statement of comprehensive income. Deferred taxation is provided on these gains at the rate applicable in the next financial year if the property were to be sold.

The directors have reviewed the accounting policy and value of the freehold property as at the balance sheet date and have deemed any charge for depreciation to be immaterial.

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

Investment property
Investment properties are included in the balance sheet at their fair value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Gains are recognised in the statement of comprehensive income. Deferred taxation is provided on these gains at the rate applicable in the next financial year if the property were to be sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiaries comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold
property
£   
Cost or valuation
At 1 March 2023
and 29 February 2024 250,000
Net book value
At 29 February 2024 250,000
At 28 February 2023 250,000

Cost or valuation at 29 February 2024 is represented by:

Freehold
property
£   
Valuation in 2016 80,000
Valuation in 2018 10,000
Cost 160,000
250,000

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 160,000 160,000

Freehold property was valued on an open market basis on 29 February 2024 by the directors .

EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 March 2023
and 29 February 2024 202
Net book value
At 29 February 2024 202
At 28 February 2023 202

6. Investment property
Total
£   
Fair value
At 1 March 2023
and 29 February 2024 295,000
Net book value
At 29 February 2024 295,000
At 28 February 2023 295,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2018 20,710
Valuation in 2021 23,000
Cost 251,290
295,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 251,290 251,290

Investment property was valued on an open market basis on 29 February 2024 by the directors .

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 427,888 533,888

EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,652 6,360
Amounts owed to group undertakings 25,000 183,548
Tax 891 2,950
VAT 674 681
Other creditors 1,440 -
Directors' current accounts 129,286 105,401
Accruals and deferred income 2,550 1,275
162,493 300,215

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Repayable in 1-5 years 12,048 25,920
Repayment in more than 5 years
by instalments 61,425 13,767
Repayment in more than 5 years
not by instalments 115,741 127,970
189,214 167,657

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Repayment in more than 5 years
not by instalments 115,741 127,970
115,741 127,970

Repayable by instalments
Repayment in more than 5 years
by instalments 61,425 13,767
61,425 13,767

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 191,866 174,017

All monies due to or to become due to Lloyds Bank PLC are secured by way of a fixed and floating charge over the freehold property at 404 Ringwood Road, Ferndown, Dorset, dated 30th August 2013, and by way of a fixed and floating charge over all assets of the company, dated 15 January 2024.

All monies due to or to become due to Aldermore Bank PLC are secured by way of a fixed and floating charge over the investment property at 39 The Kingfishers, Verwood, Dorset, dated 9th June 2016.

EDWARD HOLDINGS (UK) LTD (REGISTERED NUMBER: 08520508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


11. Provisions for liabilities
2024 2023
£    £   
Deferred tax 33,428 33,428

Deferred
tax
£   
Balance at 1 March 2023 33,428
Balance at 29 February 2024 33,428

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
180 Ordinary A £1 180 180
120 Ordinary B £1 120 120
300 300

13. Ultimate controlling party

The company is controlled by the director, Mr S Seyed-Rezai, and his spouse, by virtue of their 60% holding in the voting share capital.