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REGISTERED NUMBER: 00690681 (England and Wales)












ESTATE GROCER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESTATE GROCER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R Braxton
Mrs J L Braxton



SECRETARY: Mrs J L Braxton



REGISTERED OFFICE: Rose Cottage
Canada Road
West Wellow
Romsey
Hampshire
SO51 6DD



REGISTERED NUMBER: 00690681 (England and Wales)



BANKERS: The Co-operative Bank
61 Above Bar Street
Southampton
Hampshire
SO14 7DZ

ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 1,515 2,278
Investment property 5 1,075,000 1,365,000
1,076,515 1,367,278

CURRENT ASSETS
Debtors 6 37,080 138
Investments 7 255,000 -
Cash at bank 53,945 61,671
346,025 61,809
CREDITORS
Amounts falling due within one year 8 (6,433 ) (11,364 )
NET CURRENT ASSETS 339,592 50,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,416,107

1,417,723

PROVISIONS FOR LIABILITIES (81,579 ) (76,769 )
NET ASSETS 1,334,528 1,340,954

CAPITAL AND RESERVES
Called up share capital 10,980 10,980
Capital redemption reserve 600 600
Non-distributable reserves 486,803 543,312
Retained earnings 836,145 786,062
SHAREHOLDERS' FUNDS 1,334,528 1,340,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





R Braxton - Director


ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Estate Grocer 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% Reducing balance
Office equipment - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Current asset investments
Amounts included in current asset investments mature in more than three months from the date of acquisition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£ £ £
COST
At 1 May 2023 24,558 4,122 28,680
Disposals (6,495 ) (900 ) (7,395 )
At 30 April 2024 18,063 3,222 21,285
DEPRECIATION
At 1 May 2023 23,580 2,822 26,402
Charge for year 143 384 527
Eliminated on disposal (6,287 ) (872 ) (7,159 )
At 30 April 2024 17,436 2,334 19,770
NET BOOK VALUE
At 30 April 2024 627 888 1,515
At 30 April 2023 978 1,300 2,278

ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023 1,365,000
Disposals (330,000 )
Revaluations 40,000
At 30 April 2024 1,075,000
NET BOOK VALUE
At 30 April 2024 1,075,000
At 30 April 2023 1,365,000

The investment properties were valued on a open market basis by the Directors at 30 April 2024.


6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Other debtors 20,413 138

Amounts falling due after more than one year:
Other debtors 16,667 -

Aggregate amounts 37,080 138

7. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Monies held on investment 255,000 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 280 -
Taxation and social security 6,153 2,919
Other creditors - 8,445
6,433 11,364

ESTATE GROCER LIMITED (REGISTERED NUMBER: 00690681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £22,992 (2023: £Nil) were made to the company's director. £17,839 (2023: £Nil) was repaid prior to the year-end. The balance outstanding at the year end to the company was £5,153 (2023: £Nil).

No interest is payable and the advances are repayable on demand.