Registered number
10399555
Ewen Harris Property Management Limited
Filleted Accounts
30 September 2024
Ewen Harris Property Management Limited
Registered number: 10399555
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 807,611 225,443
Current assets
Cash at bank and in hand 14,159 2,398
Creditors: amounts falling due within one year 4 (743,510) (156,565)
Net current liabilities (729,351) (154,167)
Total assets less current liabilities 78,260 71,276
Creditors: amounts falling due after more than one year 5 (107,305) (115,025)
Net liabilities (29,045) (43,749)
Capital and reserves
Called up share capital 100 100
Profit and loss account (29,145) (43,849)
Shareholders' funds (29,045) (43,749)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Harris
Director
Approved by the board on 10 January 2025
Ewen Harris Property Management Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received for rental income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 247,828
Additions 585,366
At 30 September 2024 833,194
Depreciation
At 1 October 2023 22,385
Charge for the year 3,198
At 30 September 2024 25,583
Net book value
At 30 September 2024 807,611
At 30 September 2023 225,443
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,720 7,458
Amounts owed to group undertakings and undertakings in which the company has a participating interest 721,713 145,514
Director's loan account 12,877 2,393
Other creditors 1,200 1,200
743,510 156,565
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 107,305 115,025
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 84,373 84,373
Secured bank loans 115,025 122,483
The loans are mortgages secured on the property.
7 Other information
Ewen Harris Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hornbeam House
St Katherines Place, Wanborough
Swindon
SN4 0AR
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