Registered number
08010044
Established Estates Ltd
Filleted Accounts
27 March 2024
Established Estates Ltd
Registered number: 08010044
Balance Sheet
as at 27 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 541,838 534,697
Current assets
Debtors 4 150,243 102,143
Creditors: amounts falling due within one year 5 (174,446) (212,762)
Net current liabilities (24,203) (110,619)
Total assets less current liabilities 517,635 424,078
Creditors: amounts falling due after more than one year 6 (14,138) (21,707)
Net assets 503,497 402,371
Capital and reserves
Called up share capital 1 1
Profit and loss account 503,496 402,370
Shareholder's funds 503,497 402,371
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Pappenheim
Director
Approved by the board on 19 March 2025
Established Estates Ltd
Notes to the Accounts
for the period from 29 March 2023 to 27 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents income from property trading and investment.
Investment properties
Investment properties are included in the Balance sheet at historical cost which is a departure from the Accounting Standard as the directors consider that this accounting policy results in the financial statements giving a true and fair view. No depreciation is provided in respect of freehold or leasehold investment properties,
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company
including directors 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 29 March 2023 534,697
Additions 541,838
Disposals (534,697)
At 27 March 2024 541,838
Depreciation
At 27 March 2024 -
Net book value
At 27 March 2024 541,838
At 28 March 2023 534,697
4 Debtors 2024 2023
£ £
Trade & other debtors 150,243 102,143
5 Creditors: amounts falling due within one year 2024 2023
£ £
Loans & other creditors 174,446 212,762
6 Creditors: amounts falling due after one year 2024 2023
£ £
Loan creditors 14,138 21,707
7 Other information
Established Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Princess Park Avenue
London
NW11 0JP
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