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REGISTERED NUMBER: 11107074 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

EKCE Ltd

EKCE Ltd (Registered number: 11107074)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EKCE Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: V L Mora



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 11107074 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander UK Plc
2 Triton Square
Regents Place
London
NW1 3AN

EKCE Ltd (Registered number: 11107074)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,966 59,954
Investments 5 450 450
Investment property 6 850,000 850,000
895,416 910,404

CURRENT ASSETS
Debtors 7 210 190
Cash at bank 7,130 4,694
7,340 4,884
CREDITORS
Amounts falling due within one year 8 53,685 55,226
NET CURRENT LIABILITIES (46,345 ) (50,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

849,071

860,062

CREDITORS
Amounts falling due after more than one
year

9

(206,503

)

(205,192

)

PROVISIONS FOR LIABILITIES 11 (48,580 ) (48,070 )
NET ASSETS 593,988 606,800

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 151,858 151,858
Retained earnings 442,030 454,842
SHAREHOLDERS' FUNDS 593,988 606,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

EKCE Ltd (Registered number: 11107074)

Statement of Financial Position - continued
30 June 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 28 February 2025 and were signed by:





V L Mora - Director


EKCE Ltd (Registered number: 11107074)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

EKCE Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about EKCE Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income due for the accounting period from the investment property.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

EKCE Ltd (Registered number: 11107074)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Going concern
Despite net current liabilities of £46,345 (2023 - £50,342), the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed his intention to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 July 2023
and 30 June 2024 64,859
Depreciation
At 1 July 2023 4,905
Charge for year 14,988
At 30 June 2024 19,893
Net book value
At 30 June 2024 44,966
At 30 June 2023 59,954

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 July 2023
and 30 June 2024 450
Net book value
At 30 June 2024 450
At 30 June 2023 450

EKCE Ltd (Registered number: 11107074)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 850,000
Net book value
At 30 June 2024 850,000
At 30 June 2023 850,000

The director has reviewed the local property market and made enquiries with local agents to ascertain the fair value of the investment property. Based on this review, the director deems the investment property has not changed during the year.

If investment property had not been revalued it would have been included at its historic cost of £657,523 (2023 - £657,523).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other debtors 210 190

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 24,000 18,500
Trade creditors - 485
Amounts owed to group undertakings 2,924 722
Other creditors 26,761 35,519
53,685 55,226

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 206,503 205,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 104,916 118,381

EKCE Ltd (Registered number: 11107074)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank loans 230,503 223,692

The bank loans are secured by fixed and floating charges over the company's investment property and other assets including the investment in group undertakings.

11. PROVISIONS FOR LIABILITIES
30/6/24 30/6/23
£    £   
Deferred tax
Tax losses carried forward (2,039 ) (2,549 )
Other timing differences 50,619 50,619
48,580 48,070

Deferred
tax
£   
Balance at 1 July 2023 48,070
Provided during year 510
Balance at 30 June 2024 48,580

12. RELATED PARTY DISCLOSURES

Elmco Limited
Subsidiary company of EKCE Ltd

At 30 June 2024 the company owed Elmco Limited £2,924 (2023 - £722). The loan is interest free with no fixed repayment terms.

V L Mora
Director

The director has loaned the company funds. At 30 June 2024, the company owed the director £24,400 (2023 - £33,159). The loan is interest free with no fixed repayment terms.