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Registration number: 13342696

Etchingham Advisors Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Etchingham Advisors Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Etchingham Advisors Ltd

Company Information

Director

Mr J Davison

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Etchingham Advisors Ltd

Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

295,170

30,876

Other financial assets

5

1,096,299

-

 

1,391,469

30,876

Current assets

 

Debtors

6

262,332

168,674

Investments

7

-

1,307,965

Cash at bank and in hand

 

414,772

369,905

 

677,104

1,846,544

Creditors: Amounts falling due within one year

8

(1,171,572)

(1,097,696)

Net current (liabilities)/assets

 

(494,468)

748,848

Net assets

 

897,001

779,724

Capital and reserves

 

Called up share capital

1

1

Retained earnings

897,000

779,723

Shareholders' funds

 

897,001

779,724

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

 

Etchingham Advisors Ltd

Statement of Financial Position as at 30 April 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 19 February 2025
 

.........................................

Mr J Davison

Director

Company registration number: 13342696

 

Etchingham Advisors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of management consultancy services.

2

Accounting policies

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 except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

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, unless otherwise stated.

Going concern

The company made a profit for the year ended 30 April 2024 and has net assets of £897,001 including cash at bank of £414,772 at that date. The company continues to pay its creditors as they fall due and is not reliant upon any other funding.

The director considers that the resources that the company has, together with the current actions being taken, the company is well positioned to continue in operation.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue from management consultancy services in the period to which the services relate.

 

Etchingham Advisors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge 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 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

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:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Fixtures and fittings

20% straight line

Motor vehicles

The residual value of motor vehicles is considered sufficient that no depreciation arises

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Current asset investments are initially measured at acquisition cost and subsequently measured at fair value with
changes in fair value being recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

 

Etchingham Advisors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Office Equipment
 £

Furniture, Fixtures and Equipment
 £

Motor Vehicles
£

Total
£

Cost or valuation

At 1 May 2023

26,079

12,423

-

38,502

Additions

19,125

5,900

44,224

69,249

Transfers from current asset investments

-

-

211,667

211,667

At 30 April 2024

45,204

18,323

255,891

319,418

Depreciation

At 1 May 2023

6,850

776

-

7,626

Charge for the year

12,383

4,239

-

16,622

At 30 April 2024

19,233

5,015

-

24,248

Carrying amount

At 30 April 2024

25,971

13,308

255,891

295,170

At 30 April 2023

19,229

11,647

-

30,876

5

Other financial assets

Unlisted investments
£

Total
£

Non-current financial assets

Cost

Transfers from current asset investments

1,096,299

1,096,299

At 30 April 2024

1,096,299

1,096,299

Carrying amount

At 30 April 2024

1,096,299

1,096,299

 

Etchingham Advisors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

2024
£

2023
£

Trade debtors

142,448

106,786

Other debtors

119,884

61,888

262,332

168,674

7

Current asset investments

2024
£

2023
£

Other investments

-

1,307,965

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

65,672

8,039

Taxation and social security

99,972

41,146

Other creditors

1,005,928

1,048,511

1,171,572

1,097,696

9

Transactions with directors

At 30 April 2024 an amount of £81,573 (2023: £Nil) was due from the director. Interest of £212 (2023: £Nil) has been charged by the company at 2.25% pa.