Company Registration No. 15004779 (England and Wales)
EP REAL ESTATES LTD
Unaudited accounts
for the period from 14 July 2023 to 31 July 2024
EP REAL ESTATES LTD
Unaudited accounts
Contents
EP REAL ESTATES LTD
Company Information
for the period from 14 July 2023 to 31 July 2024
Directors
Jiven Kiran MANKU
Sarbjeet Singh MANKU
Company Number
15004779 (England and Wales)
Registered Office
BARKAT HOUSE, SUITE 9
116-118 FINCHLEY ROAD
LONDON
NW3 5HT
ENGLAND
EP REAL ESTATES LTD
Statement of financial position
as at 31 July 2024
Creditors: amounts falling due within one year
(750)
Net current liabilities
(750)
Total assets less current liabilities
288,148
Creditors: amounts falling due after more than one year
(288,798)
Called up share capital
100
Profit and loss account
(750)
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
Jiven Kiran MANKU
Director
Company Registration No. 15004779
EP REAL ESTATES LTD
Notes to the Accounts
for the period from 14 July 2023 to 31 July 2024
EP REAL ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 15004779. The registered office is BARKAT HOUSE, SUITE 9, 116-118 FINCHLEY ROAD, LONDON, NW3 5HT, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 14 July 2023 to 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 July 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Depreciation Policy and Current Year Treatment
Although buildings are normally depreciated over their expected useful lives, no depreciation has been charged in the current year in respect of the buildings. This is because the property is currently undergoing (or requires) significant refurbishment, and the directors consider that the current condition does not allow a reliable estimate of the building's useful economic life until the refurbishment is completed.
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Tangible fixed assets
Land & buildings
EP REAL ESTATES LTD
Notes to the Accounts
for the period from 14 July 2023 to 31 July 2024
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Creditors: amounts falling due within one year
2024
6
Creditors: amounts falling due after more than one year
2024
Loans from directors
288,798
Funding of Land and Buildings:
The cost of land and buildings includes an amount of £288,798.00 funded by loans from the directors. These loans are unsecured, interest-free, and repayable on demand.
The total amount owed to directors at the year-end was £288,798, which is included within creditors: amounts falling due after more than one year.
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Average number of employees
During the period the average number of employees was 0.