Registered number
11619755
Edwards Property SPV1 Limited
Unaudited Filleted Accounts
30 April 2024
Edwards Property SPV1 Limited
Registered number: 11619755
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 449,791 383,190
Current assets
Debtors 4 10,116 538
Cash at bank and in hand 7,628 2,128
17,744 2,666
Creditors: amounts falling due within one year 5 (245,127) (146,111)
Net current liabilities (227,383) (143,445)
Total assets less current liabilities 222,408 239,745
Creditors: amounts falling due after more than one year 6 (195,931) (195,931)
Net assets 26,477 43,814
Capital and reserves
Called up share capital 4 4
Profit and loss account 26,473 43,810
Shareholders' funds 26,477 43,814
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.
Mr N M Hunter
Director
Approved by the board on 30 January 2025
Edwards Property SPV1 Limited
Notes to the Accounts
for the year ended 30 April 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).
Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised, if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years. The directors do not consider there to be any critical accounting judgements that must be applied.
Key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. Those estimates and assumptions may have a significant risk of causing a material adjustments to the carrying value of assets and liabilities within the next financial year.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises the rental income and service charges from investment property held and arises wholly in United Kingdom. Where rental income is received from tenants in advance, the amounts are recorded as deferred income and included as part of creditors due within one year. Property rental income are accounted for on accrual basis and recognised on a straight line basis over the lease term.
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 and buildings under construction, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings under construction 0.00%
Freehold land 0.00%
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company (including directors) 4 4
3 Tangible fixed assets
Properties under construction
£
Cost
At 1 May 2023 383,190
Additions 66,601
At 30 April 2024 449,791
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 449,791
At 30 April 2023 383,190
4 Debtors 2024 2023
£ £
Other debtors 10,116 538
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,215 3,319
Amounts owed to group undertakings and undertakings in which the company has a participating interest 209,434 114,465
Taxation and social security costs - 657
Other creditors 29,478 27,670
245,127 146,111
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 195,931 195,931
7 Related party transactions
Transactions with parent
At 30 April 2024, the company was indebted to its parent, Edwards & Company (Property) Limited, for £209,435 (2023 - £114,465) in respect of loan received. The loans are unsecured, and interest free.

Transactions with entities with joint control
NAMA Holdings Limited and Edwards & CO Surveyors Limited are companies controlled by the directors. At 30 April 2024 the company owed £195,931 (2023 - £195,931) to NAMA Holdings Limited and £25,870 (2023 - £25,870) to Edwards & Co Surveyors Limited. Both loans are unsecured and interest free.
8 Controlling party
The company's immediate ultimate parent is Edwards & Company (Property) Limited whose registered office is situated at 26 King Street, Manchester, M2 6AY. Edwards & Company (Property) Limited has taken advantage of exemptions available to it and does not prepare consolidated financial statements.
9 Other information
Edwards Property SPV1 Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 King Street
Manchester
M2 6AY
Edwards Property SPV1 Limited 11619755 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr N M Hunter No description of principal activity 11619755 2022-05-01 2023-04-30 11619755 core:WithinOneYear 2023-04-30 11619755 core:AfterOneYear 2023-04-30 11619755 core:ShareCapital 2023-04-30 11619755 core:RetainedEarningsAccumulatedLosses 2023-04-30 11619755 2023-05-01 2024-04-30 11619755 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11619755 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11619755 bus:Director40 2023-05-01 2024-04-30 11619755 1 2023-05-01 2024-04-30 11619755 2 2023-05-01 2024-04-30 11619755 core:LandBuildings 2023-05-01 2024-04-30 11619755 countries:England 2023-05-01 2024-04-30 11619755 bus:FRS102 2023-05-01 2024-04-30 11619755 bus:FilletedAccounts 2023-05-01 2024-04-30 11619755 2024-04-30 11619755 core:WithinOneYear 2024-04-30 11619755 core:AfterOneYear 2024-04-30 11619755 core:ShareCapital 2024-04-30 11619755 core:RetainedEarningsAccumulatedLosses 2024-04-30 11619755 core:LandBuildings 2024-04-30 11619755 2023-04-30 11619755 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure