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Registered number: 14041803
Estia Renovations Ltd
Unaudited Financial Statements
For the Period 1 May 2023 to 31 October 2024
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 14041803
31 October 2024 30 April 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks - UK property 4 - 418,599
Cash at bank and in hand 11,717 485
11,717 419,084
Creditors: Amounts Falling Due Within One Year 5 (456 ) (456 )
NET CURRENT ASSETS (LIABILITIES) 11,261 418,628
TOTAL ASSETS LESS CURRENT LIABILITIES 11,261 418,628
Creditors: Amounts Falling Due After More Than One Year 6 (39,963 ) (421,300 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (1,800 ) (1,800 )
NET LIABILITIES (30,502 ) (4,472 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (30,602 ) (4,572 )
SHAREHOLDERS' FUNDS (30,502) (4,472)
Page 1
Page 2
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Stavros Lianos
Director
Ms Joanne Allan
Director
3 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Estia Renovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14041803 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis on the grounds that the company's shareholders will continue to support the company over the following twelve months at least.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
2.6. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured 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 the market rate of interest.
2.7. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Stocks - UK property
31 October 2024 30 April 2023
£ £
Stock - UK property - 418,599
5. Creditors: Amounts Falling Due Within One Year
31 October 2024 30 April 2023
£ £
Directors' loan accounts 456 456
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 30 April 2023
£ £
Amounts owed to other participating interests 39,963 421,300
7. Share Capital
31 October 2024 30 April 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4