EDGEWATER (BRIGHTON) LTD

Company Registration Number:
10161927 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

EDGEWATER (BRIGHTON) LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

EDGEWATER (BRIGHTON) LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 3,263,593 5,052,231
Total fixed assets: 3,263,593 5,052,231
Current assets
Debtors:   18,532 9,048
Cash at bank and in hand: 286,069 525,229
Total current assets: 304,601 534,277
Creditors: amounts falling due within one year:   (35,326) (35,105)
Net current assets (liabilities): 269,275 499,172
Total assets less current liabilities: 3,532,868 5,551,403
Creditors: amounts falling due after more than one year:   (2,760,930) (4,405,608)
Total net assets (liabilities): 771,938 1,145,795
Capital and reserves
Called up share capital: 50,000 50,000
Share premium account: 736,534 736,534
Profit and loss account: (14,596) 359,261
Shareholders funds: 771,938 1,145,795

The notes form part of these financial statements

EDGEWATER (BRIGHTON) LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 February 2025
and signed on behalf of the board by:

Name: Shaun Budlender
Status: Director

The notes form part of these financial statements

EDGEWATER (BRIGHTON) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EDGEWATER (BRIGHTON) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

EDGEWATER (BRIGHTON) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Fixed investments

The £100,000 value of the freehold interest in Russell House, Brighton is based on an offer received for its purchase. The government is reviewing the ground rent regime and considerable uncertainty exists around this investment class. There is an investment in subsidiary of £3,163,593 (2023: £4,702,231).

EDGEWATER (BRIGHTON) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Post balance sheet events

In July 2023 the Company received notice of a claim in the form of an Application for a Remediation Contribution Order in relation to a development in Stevenage which the Company had no involvement in. The Company has successfully defended the claim and no order has been made against the Company. In February 2025 the company repaid shareholders’ loans in the aggregate amount of £600k.