Registered number
04797210
Executive Property Investments Limited
Filleted Accounts
30 June 2024
Executive Property Investments Limited
Registered number: 04797210
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,075,112 2,087,274
Current assets
Debtors 4 453,098 40,700
Cash at bank and in hand 142,291 262,036
595,389 302,736
Creditors: amounts falling due within one year 5 (44,976) (38,711)
Net current assets 550,413 264,025
Total assets less current liabilities 2,625,525 2,351,299
Creditors: amounts falling due after more than one year 6 (1,669,815) (1,347,466)
Provisions for liabilities (160,828) (160,829)
Net assets 794,882 843,004
Capital and reserves
Called up share capital 2 2
Profit and loss account 794,880 843,002
Shareholders' funds 794,882 843,004
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
A J Piper
Director
Approved by the board on 25 March 2025
Executive Property Investments Limited
Notes to the Accounts
for the year ended 30 June 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment properties No provision
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing value
Fixtures, fittings, tools and equipment over 5 years
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 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 2,080,776 13,513 2,094,289
Additions - 1,848 1,848
Disposals (11,974) - (11,974)
At 30 June 2024 2,068,802 15,361 2,084,163
Depreciation
At 1 July 2023 - 7,015 7,015
Charge for the year - 2,036 2,036
At 30 June 2024 - 9,051 9,051
Net book value
At 30 June 2024 2,068,802 6,310 2,075,112
At 30 June 2023 2,080,776 6,498 2,087,274
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,093,457 1,093,457
Cumulative depreciation based on historical cost - -
1,093,457 1,093,457
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 450,907 38,509
Other debtors 2,191 2,191
453,098 40,700
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,600 5,600
Accruals 2,659 1,326
Director's loan 23,075 20,084
Taxation and social security costs 1,700 137
Other creditors 11,942 11,564
44,976 38,711
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,669,815 1,347,466
7 Retained earnings
The split of retained earnings between distributable and non-distributable is as follows:
Distributable Non-distributable Total
£ £ £
As at 1 July 2023 (18,160) 861,162 843,002
Profit for financial period (48,122) (48,122)
Property revaluation movement - -
Interest rate swap adjustment -
Deferred tax on investment property - -
Deferred tax on interest swap -
(66,282) 861,162 794,880
8 Other information
Executive Property Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Parker House,
44 Stafford Road,
Wallington,
Surrey,
SM6 9AA
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