Registered number
12684850
Estate 8 Ltd
Filleted Accounts
30 June 2024
Estate 8 Ltd
Registered number: 12684850
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 275,000 125,000
Current assets
Debtors 4 29,824 20,650
Cash at bank and in hand 1 1
29,825 20,651
Creditors: amounts falling due within one year 5 (164,660) (7,898)
Net current (liabilities)/assets (134,835) 12,753
Total assets less current liabilities 140,165 137,753
Creditors: amounts falling due after more than one year 6 (90,900) (90,900)
Net assets 49,265 46,853
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 69,459 63,659
Profit and loss account (20,294) (16,906)
Shareholders' funds 49,265 46,853
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.
C Turnbull
Director
Approved by the board on 5 February 2025
Estate 8 Ltd
Notes to the Accounts
for the year ended 30 June 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Held at market value
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 125,000
Additions 144,200
Surplus on revaluation 5,800
At 30 June 2024 275,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 275,000
At 30 June 2023 125,000
4 Debtors 2024 2023
£ £
Other debtors 29,824 20,650
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 164,660 7,898
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 90,900 90,900
7 Revaluation reserve 2024 2023
£ £
At 1 July 2023 63,659 63,659
Gain on revaluation of land and buildings 5,800 -
At 30 June 2024 69,459 63,659
8 Other information
Estate 8 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Naze
West Slaithwaire
Huddersfield
HD7 5XA
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