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REGISTERED NUMBER: 08589785 (England and Wales)















74C EP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






74C EP LTD (REGISTERED NUMBER: 08589785)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


74C EP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: T. Dal





SECRETARY:





REGISTERED OFFICE: 16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF





REGISTERED NUMBER: 08589785 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

74C EP LTD (REGISTERED NUMBER: 08589785)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,100,000 5,100,000

CURRENT ASSETS
Debtors 5 786 31,319
Cash at bank 31,217 27,112
32,003 58,431
CREDITORS
Amounts falling due within one year 6 94,320 91,245
NET CURRENT LIABILITIES (62,317 ) (32,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,037,683

5,067,186

CREDITORS
Amounts falling due after more than one
year

7

5,068,607

5,061,607
NET (LIABILITIES)/ASSETS (30,924 ) 5,579

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (30,925 ) 5,578
(30,924 ) 5,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

74C EP LTD (REGISTERED NUMBER: 08589785)

BALANCE SHEET - continued
30TH JUNE 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 director and authorised for issue on 22nd November 2024 and were signed by:





T. Dal - Director


74C EP LTD (REGISTERED NUMBER: 08589785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

74C EP 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Basis of reporting
The accounts have been prepared on the going concern basis as the ultimate controlling party has confirmed it's on going financial support for at least one year from the date of the signing of these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

74C EP LTD (REGISTERED NUMBER: 08589785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 5,100,000
NET BOOK VALUE
At 30th June 2024 5,100,000
At 30th June 2023 5,100,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 786 31,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1 53
Other creditors 94,319 91,192
94,320 91,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,580,002 2,580,002
Other creditors 2,488,605 2,481,605
5,068,607 5,061,607

8. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £425 (2023 £30,777) owed by Kapital Estates Limited. Mr T Dal is director of Kapital Estates Limited.

Included in creditors is an amount of £2,542,640 (2023 £2,535,640) payable to Retex Enterprises Ltd. Retex Enterprises Ltd is the controlling party of 74C EP Ltd.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Retex Enterprises Ltd..