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REGISTERED NUMBER: 07074463 (England and Wales)















EDMUND ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

EDMUND ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: M A Rowlands
P G Rowlands





SECRETARY: P G Rowlands





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 07074463 (England and Wales)





ACCOUNTANTS: Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,421 872
Investment property 5 1,302,062 1,125,000
1,304,483 1,125,872

CURRENT ASSETS
Cash at bank 69,946 184,608

CREDITORS
Amounts falling due within one year 6 112,752 65,556
NET CURRENT (LIABILITIES)/ASSETS (42,806 ) 119,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,677

1,244,924

PROVISIONS FOR LIABILITIES 7 92,743 92,233
NET ASSETS 1,168,934 1,152,691

CAPITAL AND RESERVES
Called up share capital 8 1,372 1,372
Fair value revaluation reserve 9 415,134 415,134
Retained earnings 9 752,428 736,185
SHAREHOLDERS' FUNDS 1,168,934 1,152,691

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

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

The directors acknowledge their 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.

EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)

BALANCE SHEET - continued
31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





M A Rowlands - Director


EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Edmund Estates 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.

Significant judgements and estimates
Investment Properties

The value of the properties is assessed by the directors or an independent property valuation specialist at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Changes in accounting policies
As a result of the company adopting Financial Reporting Standard 102 (FRS 102) from 2016, the company changed its accounting policy with regard to deferred tax on investment properties.
Previously, a deferred tax provision was only required where there was a contractual obligation to sell a property and therefore a known tax liability arising where relevant. FRS 102 has introduced a requirement for deferred tax to be provided on investment property at each balance sheet date by comparing the carrying fair value of the properties with their original cost, enhancement expenditure and any reductions to potential capital gains such as by way of indexation allowances.

The company has therefore amended its accounting policy for this change and has included a relevant deferred tax liability at the rate prevailing at the date of approval of the financial statements.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
The company's properties are held for long-term investment and depreciation is not provided in respect of such properties. At the balance sheet date the investment properties are included at their fair value. This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The Directors considers that this policy is necessary in order that the financial statements may give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 12,156 8,505 20,661
Additions - 2,356 2,356
At 31 December 2024 12,156 10,861 23,017
DEPRECIATION
At 1 January 2024 12,156 7,633 19,789
Charge for year - 807 807
At 31 December 2024 12,156 8,440 20,596
NET BOOK VALUE
At 31 December 2024 - 2,421 2,421
At 31 December 2023 - 872 872

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,125,000
Additions 177,062
At 31 December 2024 1,302,062
NET BOOK VALUE
At 31 December 2024 1,302,062
At 31 December 2023 1,125,000

EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 509,200
Cost 792,862
1,302,062

£1,302,062 of the investment property fair value, at 31st December 2024, was based on a valuation by the directors, having used publicly available market evidence to assess the current market value of each asset.

Any gain or loss arising from a change in fair value is recognised in profit or loss in that accounting period.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 66 30
Taxation and social security 16,676 15,373
Other creditors 96,010 50,153
112,752 65,556

7. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax 92,743 92,233

Deferred
tax
£   
Balance at 1 January 2024 92,233
Provided during year 510
Deferred tax asset transfer
Balance at 31 December 2024 92,743

The deferred tax provision relates to the provision relating to potential investment property gain. This is based on the year end valuation as a deemed proceeds figure and a capital gain calculation made which is then subject to the prevailing rate of corporation tax attributable to deferred tax provisions, this now being 25%. This amounted to £94,067. The provision has been offset by a deferred tax asset of £1,324, in relation to an excess of taxable written down asset values over net book assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
1,372 Ordinary £1 1,372 1,372

EDMUND ESTATES LIMITED (REGISTERED NUMBER: 07074463)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

9. RESERVES
Fair
value
Retained revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 736,185 415,134 1,151,319
Profit for the year 48,443 48,443
Dividends (32,200 ) (32,200 )
At 31 December 2024 752,428 415,134 1,167,562

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EDMUND ESTATES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Edmund Estates Limited for the year ended 31 December 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Edmund Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edmund Estates Limited and state those matters that we have agreed to state to the Board of Directors of Edmund Estates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edmund Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edmund Estates Limited. You consider that Edmund Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edmund Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


11 March 2025