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REGISTERED NUMBER: 10479840 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDEN RETIREMENT LIVING LIMITED

EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDEN RETIREMENT LIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I S G Dhillon
H R Raghwani





REGISTERED OFFICE: 12 Conqueror Court
Sittingbourne
Kent
ME10 5BH





REGISTERED NUMBER: 10479840 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,140,566 3,016,049

CURRENT ASSETS
Stocks 46,027 46,027
Debtors 5 24,042,728 23,693,417
Cash at bank 29,658 41,189
24,118,413 23,780,633
CREDITORS
Amounts falling due within one year 6 11,484,400 12,083,988
NET CURRENT ASSETS 12,634,013 11,696,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,774,579

14,712,694

CREDITORS
Amounts falling due after more than one
year

7

18,175,500

15,032,500
NET LIABILITIES (400,921 ) (319,806 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (400,922 ) (319,807 )
SHAREHOLDERS' FUNDS (400,921 ) (319,806 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)

BALANCE SHEET - continued
31 DECEMBER 2023


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 19 December 2024 and were signed on its behalf by:





I S G Dhillon - Director


EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Eden Retirement Living 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of construction and professional services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Investments in subsidiaries
Investments in jointly controlled entities are recognised at cost less impairment.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 5 5
Loans to undertakings in which the company
has a participating interest

5,140,561

3,016,044
5,140,566 3,016,049

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 5
NET BOOK VALUE
At 31 December 2023 5
At 31 December 2022 5
Loans to
joint
ventures
£   
At 1 January 2023 2,607,597
New in year 2,532,964
At 31 December 2023 5,140,561

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 396,058
Amounts owed by group undertakings 13,097,458 13,251,918
Amounts owed by joint ventures 354,032 7,020
Other debtors 3,428,286 3,145,768
16,879,776 16,800,764

EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 3,603,996 3,603,996
Other debtors 3,558,956 3,288,657
7,162,952 6,892,653

Aggregate amounts 24,042,728 23,693,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92,154 86,418
Amounts owed to group undertakings 233,397 -
Taxation and social security 55,118 1,728
Other creditors 11,103,731 11,995,842
11,484,400 12,083,988

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,163,000 12,020,000
Other creditors 6,012,500 3,012,500
18,175,500 15,032,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans over more than five years
no-instalments

12,163,000

12,020,000

EDEN RETIREMENT LIVING LIMITED (REGISTERED NUMBER: 10479840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 12,163,000 12,020,000
Other loans 15,768,435 9,873,240
27,931,435 21,893,240

Bank Frick & Co Ag holds fixed and floating charges over all the property or undertaking of the company, dated 25 August 2017, partly satisfied on 22 December 2021.

Since the year end Bank Frick & Co Ag hold a new debenture. containing fixed and floating charges over all the property or undertaking of the company, dated 28 October 2024.

At the year end Fortwell Capital Limited holds two fixed charges and negative pledges, in relation to subordinated debt and shareholders security both dated 22 December 2021. Satisfied on 29 October 2024.

9. OTHER FINANCIAL COMMITMENTS

During 2021 the company agreed to be a guarantor for a loan provided by Fortwell Capital Limited to Eden Thorpe Limited a related company.