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REGISTERED NUMBER: 08560707 (England and Wales)















EGHAM PARK HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






EGHAM PARK HOMES LIMITED (REGISTERED NUMBER: 08560707)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EGHAM PARK HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr S D Servini
Mrs E A F Servini





REGISTERED OFFICE: 3 Ynys Y Coed
Cardiff
CF5 2LU





REGISTERED NUMBER: 08560707 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

EGHAM PARK HOMES LIMITED (REGISTERED NUMBER: 08560707)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 765 1,989
Investment property 5 752,386 752,386
753,151 754,375

CURRENT ASSETS
Stocks 362 906
Debtors 6 971 733
Cash at bank 3,501 6,281
4,834 7,920
CREDITORS
Amounts falling due within one year 7 411,786 369,721
NET CURRENT LIABILITIES (406,952 ) (361,801 )
TOTAL ASSETS LESS CURRENT LIABILITIES 346,199 392,574

CREDITORS
Amounts falling due after more than one year 8 (322,778 ) (357,250 )

PROVISIONS FOR LIABILITIES 10 (145 ) (377 )
NET ASSETS 23,276 34,947

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,274 34,945
SHAREHOLDERS' FUNDS 23,276 34,947

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

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

EGHAM PARK HOMES LIMITED (REGISTERED NUMBER: 08560707)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





Mr S D Servini - Director


EGHAM PARK HOMES LIMITED (REGISTERED NUMBER: 08560707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Egham Park Homes 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
- The valuation of the company's freehold investment properties

Turnover
Turnover comprises rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33.33% straight line on cost
Computer equipment - 20% straight line on cost

Investment property
Investment properties are stated at fair value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EGHAM PARK HOMES LIMITED (REGISTERED NUMBER: 08560707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

Repairs and maintenance
In the absence of a specific intention by the board of either a disposition or substantial reconstruction of letting units in investment properties, all expenditure incurred on general repair, maintenance and upgrade is written off as incurred. It is the opinion of the board that the nature of the company's property ownership is such that any appreciation in value is due to the passage of time rather than intent to improve as policy and is as such reflected through the revaluation reserve.

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 1st July 2023
and 30th June 2024 10,857 2,575 13,432
DEPRECIATION
At 1st July 2023 9,888 1,555 11,443
Charge for year 969 255 1,224
At 30th June 2024 10,857 1,810 12,667
NET BOOK VALUE
At 30th June 2024 - 765 765
At 30th June 2023 969 1,020 1,989

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 752,386
NET BOOK VALUE
At 30th June 2024 752,386
At 30th June 2023 752,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 971 733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,001 4,389
Other creditors 406,785 365,332
411,786 369,721

EGHAM PARK HOMES LIMITED (REGISTERED NUMBER: 08560707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 322,778 357,250

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 322,778 357,250

Included in other creditors are the following loans:

A loan of £170,528 (2023 £205,000) from a connected party is from a relative of a director. It bears interest ar 3% per annum and is repayable on the sale of the property to which it relates. The loan is not expected to be repaid within one year.

A mortgage loan of £152,250 (2023 £152,250) bears interest at commercial rates and is repayable on the sale of the property on which it is secured. The loan is not expected to be repaid within one year.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 145 377

Deferred
tax
£   
Balance at 1st July 2023 377
Credit to Statement of Income and Retained Earnings during year (232 )
Balance at 30th June 2024 145