Company Registration No. 11243545 (England and Wales)
Edenhurst Holdings Limited
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with the registrar
Edenhurst Holdings Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Edenhurst Holdings Limited
Statement of financial position
As at 31 March 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1,675,916
1,675,916
Current assets
Debtors
5
850
850
Cash at bank and in hand
224
12,325
1,074
13,175
Creditors: amounts falling due within one year
6
(55,742)
(55,908)
Net current liabilities
(54,668)
(42,733)
Net assets
1,621,248
1,633,183
Capital and reserves
Called up share capital
7
1,000
1,000
Other reserves
1,205,820
1,205,820
Profit and loss reserves
414,428
426,363
Total equity
1,621,248
1,633,183

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 November 2024 and are signed on its behalf by:
Erandha De Silva Wijeyeratne
Director
Company Registration No. 11243545
Edenhurst Holdings Limited
Notes to the financial statements
For the year ended 31 March 2024
2
1
Accounting policies
Company information

Edenhurst Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have elected to prepare the financial statements on the going concern basis.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Edenhurst Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
1
Accounting policies (continued)
3
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions 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, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost 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 any 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 cost, 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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Edenhurst Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
1
Accounting policies (continued)
4
1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Investments
1,675,916
1,675,916
Movements in fixed asset investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost or valuation
At 1 April 2023 & 31 March 2024
1,618,860
57,056
1,675,916
Carrying amount
At 31 March 2024
1,618,860
57,056
1,675,916
At 31 March 2023
1,618,860
57,056
1,675,916
Edenhurst Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
5
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Edenhurst Fleet Limited
United Kingdom
Ordinary
50
-
Edenhurst Limited
United Kingdom
Ordinary
100
-
Edenhurst Private Wealth Limited
United Kingdom
Ordinary
100
-
Edenhurst Capital Limited
U.A.E.
Ordinary
14
-

 

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
850
850
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
55,591
55,757
Other creditors
151
151
55,742
55,908
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and not fully paid
900 Class A shares of £1 each
900
900
100 Class B shares of £1 each
100
100
1,000
1,000

 

Class A shares of £1 each have attached to them full rights to voting, income and capital distribution.

 

Class B shares of £1 each are non voting shares and have no rights to dividend or capital distribution.

Edenhurst Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 March 2024
6
8
Events after the reporting date

Subsequent to the year end, Edenhurst Holdings Limited sold 11% of its shareholding in Edenhurst Capital Limited.

9
Related party transactions

Edenhurst Holdings Limited have taken the exemption in accordance with FRS102 section 33 for group undertakings to not disclose related party transactions with each other whereby any subsidiary which is a party to the transactions is wholly owned.

10
Directors' transactions

Dividends totalling £172,500 (2023 - £180,750) were paid in the year in respect of shares held by the company's directors.

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