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Registered number: 12497039
Estia 3B Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 30 March 2024
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12497039
30 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 601,828 573,799
601,828 573,799
CURRENT ASSETS
Debtors 5 566 -
Cash at bank and in hand 163,307 278,858
163,873 278,858
Creditors: Amounts Falling Due Within One Year 6 (412,224 ) (516,613 )
NET CURRENT ASSETS (LIABILITIES) (248,351 ) (237,755 )
TOTAL ASSETS LESS CURRENT LIABILITIES 353,477 336,044
Creditors: Amounts Falling Due After More Than One Year 7 (365,231 ) (350,002 )
NET LIABILITIES (11,754 ) (13,958 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (11,854 ) (14,058 )
SHAREHOLDERS' FUNDS (11,754) (13,958)
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For the period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Sophia Tsiomou
Director
11/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Estia 3B Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12497039 . The registered office is 10 Blue Sky Way, Monkton Business Park, Hebburn, Tyne and Wear, NE31 2EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Turnover represents rental income receivable with respect to the letting of the company's investment property.
2.3. Investment Properties
All investment properties are carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.4. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other thirdparties, loans to related parties and investments on non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss isrecognised in profit or loss.
Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and subsequently measured at amortisedcost using the effective interest method.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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
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 reversedat thebalance 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 lawsthat have been enacted or substantively enacted by the year end and that are expected to applyto thereversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable thatthey will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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2.6. Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount islower, the carrying amount is  reduced to its estimated recoverable amount, and an impairment loss isrecognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revisedestimate of its recoverable amount, but not in excess of the amount that would have been determinedhad noimpairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognisedimmediately in profit or loss.
2.7. Functional and Presentation Currency
The financial statements are presented in GBP (£), which is the functional and presentation currency of the Company.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
4. Investment Property
30 March 2024
£
Fair Value
As at 1 April 2023 573,799
Additions 28,029
As at 30 March 2024 601,828
The fair value of the property at 31 March 2024 has been arrived at on the basis of a valuation carried out by the
director who is not a professionally qualified valuer. The valuation, was arrived at by reference to market evidence of
transaction prices for similar properties in its location.
5. Debtors
30 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 566 -
6. Creditors: Amounts Falling Due Within One Year
30 March 2024 31 March 2023
£ £
Accruals and deferred income 842 3,109
Director's loan account 158,057 265,197
Amounts owed to other participating interests 253,325 248,307
412,224 516,613
The above loans are unsecured, interest free and repayable on demand.
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7. Creditors: Amounts Falling Due After More Than One Year
30 March 2024 31 March 2023
£ £
Bank loans 365,231 350,002
Bank loans are secured by a fixed and floating charge against the investment property to which it relates.
8. Share Capital
30 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
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