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REGISTERED NUMBER: 05763727 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 August 2024

for

Eddolls Bezant Limited

Eddolls Bezant Limited (Registered number: 05763727)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Eddolls Bezant Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr Terry Rendell Eddolls
Mrs Joanne Bezant





SECRETARY: Mrs Joanne Bezant





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 05763727 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Eddolls Bezant Limited (Registered number: 05763727)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,482 8,540
Investment property 6 2,500,000 2,250,000
2,509,482 2,258,540

CURRENT ASSETS
Debtors 7 11,342 12,092
Cash at bank 153,290 99,080
164,632 111,172
CREDITORS
Amounts falling due within one year 8 156,804 159,531
NET CURRENT ASSETS/(LIABILITIES) 7,828 (48,359 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,517,310 2,210,181

CREDITORS
Amounts falling due after more than one year 9 (237,058 ) (248,840 )

PROVISIONS FOR LIABILITIES (283,243 ) (221,730 )
NET ASSETS 1,997,009 1,739,611

CAPITAL AND RESERVES
Called up share capital 11 630,130 630,130
Fair value reserve 12 851,170 663,670
Retained earnings 12 515,709 445,811
SHAREHOLDERS' FUNDS 1,997,009 1,739,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Eddolls Bezant Limited (Registered number: 05763727)

Balance Sheet - continued
31 August 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 15 January 2025 and were signed on its behalf by:




Mrs Joanne Bezant - Director



Mr Terry Rendell Eddolls - Director


Eddolls Bezant Limited (Registered number: 05763727)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Eddolls Bezant 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33.33% on cost

Investment property
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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.

Eddolls Bezant Limited (Registered number: 05763727)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 1,381
AMORTISATION
At 1 September 2023
and 31 August 2024 1,381
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 September 2023 8,121 1,494 5,414 15,029
Additions - - 2,058 2,058
At 31 August 2024 8,121 1,494 7,472 17,087
DEPRECIATION
At 1 September 2023 650 1,191 4,648 6,489
Charge for year 162 76 878 1,116
At 31 August 2024 812 1,267 5,526 7,605
NET BOOK VALUE
At 31 August 2024 7,309 227 1,946 9,482
At 31 August 2023 7,471 303 766 8,540

Eddolls Bezant Limited (Registered number: 05763727)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,250,000
Revaluations 250,000
At 31 August 2024 2,500,000
NET BOOK VALUE
At 31 August 2024 2,500,000
At 31 August 2023 2,250,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2015 148,865
Valuation in 2018 495,000
Valuation in 2020 (197,482 )
Valuation in 2021 198,510
Valuation in 2022 240,000
Valuation in 2024 250,000
Cost 1,365,107
2,500,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 1,365,107 1,365,107

Investment properties were valued on an open market basis on 31 August 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 6,077 5,730
Prepayments 5,265 6,362
11,342 12,092

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 13,653 11,642
Trade creditors 4,241 6,410
Tax 20,584 10,148
Other creditors 2,493 3,396
Directors' current accounts 104,859 101,244
Deferred income 7,506 23,391
Accrued expenses 3,468 3,300
156,804 159,531

Eddolls Bezant Limited (Registered number: 05763727)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 12,686 12,585
Bank loans - 2-5 years 45,603 44,215
Bank loans more 5 yr by instal 178,769 192,040
237,058 248,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 178,769 192,040

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 250,711 260,482

Loans are secured on the properties to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
630,000 Ordinary B share £1 630,000 630,000
10 Ordinary C Share £1 10 10
10 Ordinary D Shares £1 10 10
10 Ordinary E shares £1 10 10
630,130 630,130

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 445,811 663,670 1,109,481
Profit for the year 261,398 261,398
Dividends (4,000 ) (4,000 )
Assets revalued in period (187,500 ) 187,500 -
At 31 August 2024 515,709 851,170 1,366,879

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eddolls Bezant Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eddolls Bezant Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eddolls Bezant Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eddolls Bezant Limited and state those matters that we have agreed to state to the Board of Directors of Eddolls Bezant Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eddolls Bezant Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eddolls Bezant Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eddolls Bezant Limited. You consider that Eddolls Bezant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eddolls Bezant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


Date: .............................................