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REGISTERED NUMBER: 06080216 (England and Wales)






















EGE Properties Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






EGE Properties Limited (Registered number: 06080216)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EGE Properties Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: S Everard
P E L Blackburne
C Crisp





SECRETARY: J M Sharpley FCA





REGISTERED OFFICE: Broad Lane
Gateway Business Park
Gilberdyke
East Yorkshire
HU15 2TB





REGISTERED NUMBER: 06080216 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

EGE Properties Limited (Registered number: 06080216)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,136,314 1,001,627

CURRENT ASSETS
Debtors 5 60 -
Cash at bank and in hand 31,490 5,680
31,550 5,680
CREDITORS
Amounts falling due within one year 6 93,062 120,786
NET CURRENT LIABILITIES (61,512 ) (115,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,074,802

886,521

CREDITORS
Amounts falling due after more than one
year

7

495,933

355,387
NET ASSETS 578,869 531,134

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 188,373 175,000
Retained earnings 390,396 356,034
SHAREHOLDERS' FUNDS 578,869 531,134

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

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

EGE Properties Limited (Registered number: 06080216)

Balance Sheet - continued
30 June 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 27 January 2025 and were signed on its behalf by:





S Everard - Director


EGE Properties Limited (Registered number: 06080216)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

EGE Properties 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

Accounting convention
The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

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

Turnover
Turnover is the amount, excluding value added tax, receivable in the ordinary course of business for rental of premises.

Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the statement of comprehensive income.

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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

EGE Properties Limited (Registered number: 06080216)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,001,627
Additions 121,314
Revaluations 13,373
At 30 June 2024 1,136,314
NET BOOK VALUE
At 30 June 2024 1,136,314
At 30 June 2023 1,001,627

The property is held at the directors' valuation of open market value as at 30th June 2024 being £1,136,314.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,062 49,998
Trade creditors 40 1,890
Taxation and social security 15,227 11,874
Other creditors 17,733 57,024
93,062 120,786

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 316,341 355,387
Other creditors 179,592 -
495,933 355,387

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 76,093 155,396

EGE Properties Limited (Registered number: 06080216)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 376,403 405,385

The bank loan is secured by a legal charge over all investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100