Registration number:
Edwards Hardwick & Partners Limited
for the Year Ended 31 March 2024
Pages for filing with Registrar
Edwards Hardwick & Partners Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Edwards Hardwick & Partners Limited
Company Information
Directors |
N J Edwards L V L Edwards |
Registered office |
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Registered number |
03847605 |
Accountant |
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Edwards Hardwick & Partners Limited
(Registration number: 03847605)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
318 |
|
Investment property |
|
385,000 |
|
370,239 |
385,318 |
||
Current assets |
|||
Debtors |
|
- |
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Cash at bank and in hand |
|
905 |
|
5,654 |
905 |
||
Creditors: Amounts falling due within one year |
(238,645) |
(222,733) |
|
Net current liabilities |
( |
(221,828) |
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Net assets |
|
163,490 |
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Capital and reserves |
|||
Called up share capital |
|
100 |
|
Revaluation reserve |
|
45,607 |
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Profit and loss account |
|
117,783 |
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Total equity |
|
163,490 |
Edwards Hardwick & Partners Limited
(Registration number: 03847605)
Balance Sheet as at 31 March 2024
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Edwards Hardwick & Partners Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The company’s financial statements have been prepared on a going concern basis. The directors have considered a period of twelve months from the date of approval of the financial statements and have considered any uncertainties and believe that the company is able to meet liabilities as they fall due.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable in respect of rents levied and services provided in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Edwards Hardwick & Partners Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Office equipment |
25% reducing balance |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Edwards Hardwick & Partners Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Staff numbers |
The average number of persons employed by the company during the year, was
Tangible fixed assets |
Office equipment
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Cost |
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At 1 April 2023 |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
|
At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Edwards Hardwick & Partners Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Investment properties |
2024 |
|
At 1 April 2023 |
|
Fair value adjustments |
( |
At 31 March 2024 |
|
Debtors: amounts falling due within one year |
2024 |
|
Prepayments |
2,250 |
Corporation tax |
3,119 |
|
Creditors |
2024 |
2023 |
|
Corporation tax |
- |
4,060 |
Accruals |
1,680 |
1,680 |
Deferred income |
|
- |
Directors' loan accounts |
230,965 |
216,993 |
238,645 |
222,733 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |