IRIS Accounts Production v24.3.2.46 14192396 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141923962023-06-30141923962024-06-30141923962023-07-012024-06-30141923962022-06-22141923962022-06-232023-06-30141923962023-06-3014192396ns15:EnglandWales2023-07-012024-06-3014192396ns14:PoundSterling2023-07-012024-06-3014192396ns10:Director12023-07-012024-06-3014192396ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3014192396ns10:SmallEntities2023-07-012024-06-3014192396ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3014192396ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3014192396ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3014192396ns10:FullAccounts2023-07-012024-06-3014192396ns10:OrdinaryShareClass12023-07-012024-06-3014192396ns10:OrdinaryShareClass22023-07-012024-06-3014192396ns10:OrdinaryShareClass32023-07-012024-06-3014192396ns10:Director22023-07-012024-06-3014192396ns10:RegisteredOffice2023-07-012024-06-3014192396ns5:CurrentFinancialInstruments2024-06-3014192396ns5:CurrentFinancialInstruments2023-06-3014192396ns5:Non-currentFinancialInstruments2024-06-3014192396ns5:Non-currentFinancialInstruments2023-06-3014192396ns5:ShareCapital2024-06-3014192396ns5:ShareCapital2023-06-3014192396ns5:RetainedEarningsAccumulatedLosses2024-06-3014192396ns5:RetainedEarningsAccumulatedLosses2023-06-3014192396ns5:Secured2024-06-3014192396ns5:Secured2023-06-3014192396ns10:OrdinaryShareClass12024-06-3014192396ns10:OrdinaryShareClass22024-06-3014192396ns10:OrdinaryShareClass32024-06-30
REGISTERED NUMBER: 14192396 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

EWINGTON PROPERTIES LIMITED

EWINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 14192396)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EWINGTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N R Ewington
Q Lu





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambrdigeshire
CB5 8BA





BUSINESS ADDRESS: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 14192396 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

EWINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 14192396)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 1,059,357 1,059,357

CURRENT ASSETS
Cash at bank 30,155 9,811

CREDITORS
Amounts falling due within one year 6 (443,688 ) (437,214 )
NET CURRENT LIABILITIES (413,533 ) (427,403 )
TOTAL ASSETS LESS CURRENT LIABILITIES 645,824 631,954

CREDITORS
Amounts falling due after more than one
year

7

(650,231

)

(642,475

)
NET LIABILITIES (4,407 ) (10,521 )

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings (4,707 ) (10,821 )
SHAREHOLDERS' FUNDS (4,407 ) (10,521 )

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

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

EWINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 14192396)

BALANCE SHEET - continued
30 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 Profit and loss account has not been delivered.

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





N R Ewington - Director


EWINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 14192396)

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

1. STATUTORY INFORMATION

Ewington Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
At the balance sheet date current liabilities exceeded current assets by £4,407 (2023: £10,521). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with FRS 102, investment properties are initially measured at cost, including transaction costs.

Subsequently, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account. Fair value is determined based on market conditions at the balance sheet date, using professional valuations where appropriate.

Depreciation

In accordance with FRS 102 Section 16, no depreciation is provided on investment properties where fair value can be reliably measured. This treatment is consistent with the view that systematic depreciation would not provide relevant information, as the properties are held for their investment potential rather than consumption.

Valuation Methodology

The fair value of investment properties is determined using market-based evidence, including valuations performed by external, qualified surveyors when necessary. Where market-based evidence is not available, alternative valuation techniques may be used.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

EWINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 14192396)

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

3. ACCOUNTING POLICIES - continued

Significant accounting estimates - investment property valuations
The valuation of investment properties is a key area of estimation and judgment within the financial statements. Fair value is determined based on market evidence, which may include professional valuations, recent transaction prices for similar properties, or other valuation techniques when observable inputs are limited.

Key assumptions used in determining fair value include:

Market rental yields and capitalisation rates

Comparable market transactions

Property location, condition, and future development potential

Market demand and economic conditions

Given the inherent uncertainty in property valuations, actual results may differ from those estimates. Management reviews these valuations annually and obtains external professional valuations where deemed necessary to ensure that fair values are appropriately reflected.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. INVESTMENT PROPERTY

Upon review by the director, it was determined that the properties have not experienced a material change in value since their purchase. Consequently, no revaluation adjustment has been recorded in the accounts.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,140 -
Other creditors 442,548 437,214
443,688 437,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,756 -
Other creditors 642,475 642,475
650,231 642,475

EWINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 14192396)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 7,756 -
Mortgage - 642,475
7,756 642,475

Within other creditors there is a mortgage that is secured by a fixed and floating charge over the property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300

10. RELATED PARTY DISCLOSURES

At the balance sheet date £437,736 (2023: £436,215) was owed to the directors. The amount is repayable on demand, bears no interest and is included within creditors due in less than one year.