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REGISTERED NUMBER: 02925117 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Effective Information Systems Limited

Effective Information Systems Limited (Registered number: 02925117)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Effective Information Systems Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: K Samani





SECRETARY: A Samani





REGISTERED OFFICE: 94 Orchard Gate
Greenford
Middlesex
UB6 0QP





REGISTERED NUMBER: 02925117 (England and Wales)

Effective Information Systems Limited (Registered number: 02925117)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,495 37,438
Investments 5 200,000 50,000
Investment property 6 1,185,000 2,010,000
1,411,495 2,097,438

CURRENT ASSETS
Debtors 7 10,125 14,419
Investments 8 82,959 73,109
Cash at bank 504,874 95,282
597,958 182,810
CREDITORS
Amounts falling due within one year 9 134,028 73,243
NET CURRENT ASSETS 463,930 109,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,875,425

2,207,005

CREDITORS
Amounts falling due after more than one
year

10

(290,988

)

(697,114

)

PROVISIONS FOR LIABILITIES (36,553 ) -
NET ASSETS 1,547,884 1,509,891

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,547,784 1,509,791
SHAREHOLDERS' FUNDS 1,547,884 1,509,891

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Effective Information Systems Limited (Registered number: 02925117)

Balance Sheet - continued
31 May 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 director and authorised for issue on 19 February 2025 and were signed by:





K Samani - Director


Effective Information Systems Limited (Registered number: 02925117)

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

1. STATUTORY INFORMATION

Effective Information Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Effective Information Systems Limited (Registered number: 02925117)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 61,063
Disposals (5,633 )
At 31 May 2024 55,430
DEPRECIATION
At 1 June 2023 23,625
Charge for year 9,127
Eliminated on disposal (3,817 )
At 31 May 2024 28,935
NET BOOK VALUE
At 31 May 2024 26,495
At 31 May 2023 37,438

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 50,000
Additions 150,000
At 31 May 2024 200,000
NET BOOK VALUE
At 31 May 2024 200,000
At 31 May 2023 50,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,010,000
Additions 33,360
Disposals (900,000 )
Revaluations 41,640
At 31 May 2024 1,185,000
NET BOOK VALUE
At 31 May 2024 1,185,000
At 31 May 2023 2,010,000

Effective Information Systems Limited (Registered number: 02925117)

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

6. INVESTMENT PROPERTY - continued

The investment properties were valued by the director on an open market basis by reference to market evidence. If the investment properties had not been revalued they would have been included at a historical cost of £937,661 (2023: £1,588,216).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 10,125 14,419

8. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Listed investments 82,959 73,109

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 8,250 8,000
Trade creditors 1,173 2,513
Other creditors 124,605 62,730
134,028 73,243

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 290,988 697,114

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 160,940 559,400

Repayable by instalments
Bank loans more 5 yr by instal 87,847 99,614

11. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 299,238 705,114

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director provides personal guarantee for the company's secured bank loans.

Effective Information Systems Limited (Registered number: 02925117)

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

13. ULTIMATE CONTROLLING PARTY

The controlling party is K Samani.