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Registration number: 02781915

Ezra Attia Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Ezra Attia Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Ezra Attia Limited

Company Information

Director

E True

Registered office

590 Green Lanes
Palmers Green
London
N13 5RY

Accountants

Thomas Alexander & Co Ltd 590 Green Lanes
Palmers Green
London
N13 5RY

 

Ezra Attia Limited

(Registration number: 02781915)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,418

24,021

Investment property

5

7,023,844

7,023,844

Investments

6

1,001

1,001

 

7,045,263

7,048,866

Current assets

 

Debtors

7

2,031,665

2,060,806

Cash at bank and in hand

 

2,127,080

1,092,417

 

4,158,745

3,153,223

Creditors: Amounts falling due within one year

8

(4,815,783)

(4,044,032)

Net current liabilities

 

(657,038)

(890,809)

Net assets

 

6,388,225

6,158,057

Capital and reserves

 

Called up share capital

9

500,000

500,000

Revaluation reserve

4,298,014

4,298,014

Retained earnings

1,590,211

1,360,043

Shareholders' funds

 

6,388,225

6,158,057

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 January 2025
 

.........................................
E True
Director

 

Ezra Attia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

These financial statements were authorised for issue by the director on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that it is a small sized group..

Revenue recognition

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occured. This is stated after trade discounts and other sales taxes.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ezra Attia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors represent amounts due from tenants in respect of rents for the occupation of land and property.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Ezra Attia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

380,250

380,250

At 30 April 2024

380,250

380,250

Depreciation

At 1 May 2023

356,229

356,229

Charge for the year

3,603

3,603

At 30 April 2024

359,832

359,832

Carrying amount

At 30 April 2024

20,418

20,418

At 30 April 2023

24,021

24,021

5

Investment properties

2024
£

At 1 May

7,023,844

At 30 April

7,023,844

Investment properites are recorded at fair market value.

 

Ezra Attia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,001

1,001

Subsidiaries

£

Cost or valuation

At 1 May 2023

1,001

Provision

Carrying amount

At 30 April 2024

1,001

At 30 April 2023

1,001

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Bondmanor Ltd

590 Green Lanes
London, N13 5RY

Ordinary shares

100%

100%

EA Designers Ltd

590 Green Lanes
London, N13 5RY

Ordinary shares

100%

100%

Subsidiary undertakings

Bondmanor Ltd

The principal activity of Bondmanor Ltd is property investment and letting. The profit for the financial period of Bondmanor Ltd was £9,464 and the aggregate amount of Capital and reserves at the end of the period was £1,379,009.

EA Designers Ltd

The principal activity of EA Designers Ltd is business support service activities . The loss for the financial period of EA Designers Ltd was £168,187 and the aggregate amount of Capital and reserves at the end of the period was £(2,079,404).

 

Ezra Attia Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Debtors

Current

Note

2024
£

2023
£

Amounts owed by group undertakings

10

2,031,665

1,916,227

Prepayments

 

-

6,968

Other debtors

 

-

137,611

   

2,031,665

2,060,806

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

6,117

26,133

Amounts owed to group undertakings

10

814,125

714,509

Accruals and deferred income

 

27,034

74,110

Other creditors

 

3,968,507

3,229,280

 

4,815,783

4,044,032

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

500,000

500,000

500,000

500,000

       

10

Related party transactions

Summary of transactions with other related parties


Included in debtors is an amount of £2,031,665 (2023: £1,916,227) owed from EA Designers Ltd, a wholly owned subsidiary. Included in creditors is an amount of £814,125 (2023: £714,509) owed from Bondmanor Ltd, a wholly owned subsidiary.

11

Parent and ultimate parent undertaking

The company is a wholly owned subsidiary of Ezra Attia (Gibraltar) Ltd, a company incorporated in Gibraltar.