Company registration number: 10038638
Unaudited financial statements
for the year ended 31 March 2024
for
Easy Property Ventures Ltd
Pages for filing with the Registrar
Company registration number: 10038638
Easy Property Ventures Ltd
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Investment property 4 1,766,545 1,766,545
1,766,545 1,766,545
Current assets
Stocks - 28,800
Debtors 1,668,194 1,548,879
Cash at bank and in hand 8,105 300,165
1,676,299 1,877,844
Creditors: amounts falling due within
one year
(1,782,273) (1,953,839)
Net current liabilities (105,974) (75,995)
Total assets less current liabilities 1,660,571 1,690,550
Creditors: Amounts falling due after
more than one year
(1,093,983) (1,136,542)
Provisions for liabilities (12,750) (12,750)
NET ASSETS 553,838 541,258
Capital and reserves
Called up share capital 2 2
Other reserves 527,565 527,565
Profit and loss account 26,271 13,691
TOTAL EQUITY 553,838 541,258
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10038638
Easy Property Ventures Ltd
Balance sheet - continued
as at 31 March 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 26 January 2025 and signed on its behalf by:
Mr S Adler, Director Mr J Lipszyc, Director
26 January 2025 26 January 2025
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Easy Property Ventures Ltd
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Easy Property Ventures Ltd is a private company registered in England and Wales. Its registered number is 10038638. The company is limited by shares. Its registered office is The Lodge, 37 Hendon Lane, London, N3 1RY.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Easy Property Ventures Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Investment property
£
Valuation
At 1 April 2023 1,766,545
Disposals -
At 31 March 2024 1,766,545
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