Company registration number 15049552 (England and Wales)
EHML Properties Ltd
UNAUDITED FINANCIAL STATEMENTS
for the period ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
EHML Properties Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
EHML Properties Ltd
Statement of financial position
as at 31 August 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
3
125,899
Current assets
Debtors
14,000
Cash at bank and in hand
21,317
35,317
Creditors: amounts falling due within one year
(166,799)
Net current liabilities
(131,482)
Net liabilities
(5,583)
Capital and reserves
Called up share capital
144
Profit and loss reserves
(5,727)
Total equity
(5,583)
For the financial period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 November 2024
L Nuttall
Director
Company registration number 15049552 (England and Wales)
EHML Properties Ltd
Notes to the financial statements
for the period ended 31 August 2024
- 2 -
1
Accounting policies
Reporting period
The financial statement are presented for a period longer than one year. This is due to the company being incorporated during this period.
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for rental income. Turnover is recognised on a receipts basis.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
3
Investment property
2024
£
Fair value
At 4 August 2023
Additions
125,899
At 31 August 2024
125,899
Investment property comprises of residential properties that are included at cost. The director does not think that their open market value is materially different to cost.
EHML Properties Ltd
Notes to the financial statements (continued)
for the period ended 31 August 2024
- 3 -
4
Company information
EHML Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.