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REGISTERED NUMBER: 10777289 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EDUCO PROPERTIES LIMITED

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDUCO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: H Shah





REGISTERED OFFICE: Moda Business Centre
Stirling Way
Borehamwood
WD6 2BW





REGISTERED NUMBER: 10777289 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227 303
Investment property 5 245,000 660,000
245,227 660,303

CURRENT ASSETS
Debtors 6 552,680 331,185
Cash at bank and in hand 101,024 47,127
653,704 378,312
CREDITORS
Amounts falling due within one year 7 474,415 629,426
NET CURRENT ASSETS/(LIABILITIES) 179,289 (251,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,516

409,189

PROVISIONS FOR LIABILITIES 7,541 24,256
NET ASSETS 416,975 384,933

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 22,622 72,769
Retained earnings 394,253 312,064
416,975 384,933

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

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

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

BALANCE SHEET - continued
31 MARCH 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 17 February 2025 and were signed by:





H Shah - Director


EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Educo Properties 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.

INVESTMENT PROPERTY
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 NIL (2023 - NIL).

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,275
DEPRECIATION
At 1 April 2023 972
Charge for year 76
At 31 March 2024 1,048
NET BOOK VALUE
At 31 March 2024 227
At 31 March 2023 303

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 660,000
Disposals (415,000 )
At 31 March 2024 245,000
NET BOOK VALUE
At 31 March 2024 245,000
At 31 March 2023 660,000

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2019 30,164
Cost 214,836
245,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,968 31,185
Other debtors 512,712 300,000
552,680 331,185

EDUCO PROPERTIES LIMITED (REGISTERED NUMBER: 10777289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,186 -
Amounts owed to group undertakings 392,400 392,400
Taxation and social security 27,444 7,518
Other creditors 50,385 229,508
474,415 629,426

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 72,769
Transfer to fair value (50,147 )

At 31 March 2024 22,622

9. RELATED PARTY DISCLOSURES

As at 31.03.2024, Debtors includes £200,000 (2023:£200,000) due from Dynasty Estates One Ltd and £150,000 (2023: £100,000) due from Zawadi Global Ltd in which Hiten Shah is director.