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Company No: 04947386 (England and Wales)

EDENBURY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

EDENBURY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

EDENBURY LIMITED

BALANCE SHEET

As at 31 March 2024
EDENBURY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,446 2,433
Investments 4 5 6
1,451 2,439
Current assets
Stocks 519,048 622,858
Debtors
- due within one year 5 12,538 7,415
- due after more than one year 5 271,766 284,435
Cash at bank and in hand 180,523 14,542
983,875 929,250
Creditors: amounts falling due within one year 6 ( 297,281) ( 250,755)
Net current assets 686,594 678,495
Total assets less current liabilities 688,045 680,934
Creditors: amounts falling due after more than one year 7 ( 238,823) ( 247,197)
Provision for liabilities ( 335) ( 608)
Net assets 448,887 433,129
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 448,787 433,029
Total shareholders' funds 448,887 433,129

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

Directors' responsibilities:

The financial statements of Edenbury Limited (registered number: 04947386) were approved and authorised for issue by the Board of Directors on 02 January 2025. They were signed on its behalf by:

Mr G W Maker
Director
EDENBURY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
EDENBURY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

Edenbury Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services are recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Computer equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 April 2023 5,479 1,973 7,452
At 31 March 2024 5,479 1,973 7,452
Accumulated depreciation
At 01 April 2023 4,404 615 5,019
Charge for the financial year 783 204 987
At 31 March 2024 5,187 819 6,006
Net book value
At 31 March 2024 292 1,154 1,446
At 31 March 2023 1,075 1,358 2,433

4. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 April 2023 6 6
Disposals ( 1) ( 1)
At 31 March 2024 5 5
Carrying value at 31 March 2024 5 5
Carrying value at 31 March 2023 6 6

5. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 0 301
Prepayments 539 469
Other debtors 11,999 6,645
12,538 7,415
Debtors: amounts falling due after more than one year
Other debtors 271,766 284,435

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 12,200 12,200
Trade creditors 950 3,677
Amounts owed to directors 144,283 151,883
Other loans 22,000 46,000
Accruals 66,452 2,250
Taxation and social security 13,628 22,780
Other creditors 37,768 11,965
297,281 250,755

Bank loans are secured via a fixed and floating charge on the stock.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 238,823 247,197

Bank loans are secured via a fixed and floating charge on the stock.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
75 A ordinary shares of £ 1.00 each 75 75
25 B ordinary shares of £ 1.00 each 25 25
100 100

9. Events after the Balance Sheet date

Greenover Limited, a company of which is associated with Edenbury Limited and is a debtor within the financial statements, remains in administration at the accounting date. The total debtor balance disclosed within the accounts of £283,766 is recognised within the financial statements but is unknown as to whether this will be fully recovered. No provision has been provided within the 31 March 2024 financial statements.