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REGISTERED NUMBER: 12483750 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

EPA Investments Limited

EPA Investments Limited (Registered number: 12483750)






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


EPA Investments Limited

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R E Orman
M S Orman
P Hawkins
O L C Orman





REGISTERED OFFICE: The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN





REGISTERED NUMBER: 12483750 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

EPA Investments Limited (Registered number: 12483750)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,565 23,293
Tangible assets 5 13,319 17,767
Investments 6 3,343,328 3,291,158
3,379,212 3,332,218

CURRENT ASSETS
Debtors 7 249,945 11,579
Cash at bank 10,639 116,073
260,584 127,652
CREDITORS
Amounts falling due within one year 8 3,242,663 3,396,808
NET CURRENT LIABILITIES (2,982,079 ) (3,269,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,133

63,062

PROVISIONS FOR LIABILITIES 77,463 33,087
NET ASSETS 319,670 29,975

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 211,098 86,565
Retained earnings 108,570 (56,592 )
SHAREHOLDERS' FUNDS 319,670 29,975

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.

EPA Investments Limited (Registered number: 12483750)

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 30 November 2024 and were signed on its behalf by:





R E Orman - Director


EPA Investments Limited (Registered number: 12483750)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

EPA Investments Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The intangible asset is being amortised evenly over its estimated useful life of 33 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 3 years

EPA Investments Limited (Registered number: 12483750)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


EPA Investments Limited (Registered number: 12483750)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments are carried at their current market value, using an independent, third party valuation. Of which, any fair value gains or losses are recognised in the statement of profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 23,475
AMORTISATION
At 1 March 2023 182
Amortisation for year 728
At 29 February 2024 910
NET BOOK VALUE
At 29 February 2024 22,565
At 28 February 2023 23,293

EPA Investments Limited (Registered number: 12483750)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 31,570 1,227 32,797
DEPRECIATION
At 1 March 2023 13,812 1,218 15,030
Charge for year 4,439 9 4,448
At 29 February 2024 18,251 1,227 19,478
NET BOOK VALUE
At 29 February 2024 13,319 - 13,319
At 28 February 2023 17,758 9 17,767

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 3,291,158
Additions 2,943,858
Disposals (3,061,121 )
Revaluations 169,433
At 29 February 2024 3,343,328
NET BOOK VALUE
At 29 February 2024 3,343,328
At 28 February 2023 3,291,158

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2021 137,555
Valuation in 2022 (57,060 )
Valuation in 2023 29,066
Valuation in 2024 169,433
Cost 3,064,334
3,343,328

EPA Investments Limited (Registered number: 12483750)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,058,334 3,195,598

Fixed asset investments were valued on an open market basis on 28 February 2024 by Fidelity International & Killik & Co .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 591
Other debtors 249,945 10,988
249,945 11,579

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 166
Taxation and social security 6,842 (2 )
Other creditors 3,235,821 3,396,644
3,242,663 3,396,808

9. RESERVES
Fair
value
reserve
£   
At 1 March 2023 86,565
Transfer in 124,533

At 29 February 2024 211,098

Included within the fair value reserve are un-crystallised gains as a result of fixed asset investment revaluations. All gains are readily convertible to cash, and as such are distributable.