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REGISTERED NUMBER: 08730525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

EWV PROPERTIES LIMITED

EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EWV PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr A M Watkins
Mr D J Van Den Heever
Mr C J Engelbrecht





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 08730525 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 85,383 85,383
Investment property 5 3,775,001 3,454,618
3,860,384 3,540,001

CURRENT ASSETS
Cash at bank 30,035 20,327

CREDITORS
Amounts falling due within one year 6 18,035 18,974
NET CURRENT ASSETS 12,000 1,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,872,384

3,541,354

CREDITORS
Amounts falling due after more than one
year

7

(3,011,442

)

(3,054,898

)

PROVISIONS FOR LIABILITIES (184,786 ) (104,690 )
NET ASSETS 676,156 381,766

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 398,698 158,411
Other reserves 9 50,000 50,000
Retained earnings 9 227,358 173,255
SHAREHOLDERS' FUNDS 676,156 381,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mr A M Watkins - Director


EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

EWV 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.

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 as modified by the revaluation of certain assets.

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

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. FIXED ASSET INVESTMENTS
Interest
in
associates
£   
COST
At 1 November 2023
and 31 October 2024 85,383
NET BOOK VALUE
At 31 October 2024 85,383
At 31 October 2023 85,383

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Abbeyfield Road Limited
Registered office: UK
Nature of business: Property letting
Class of shares: Ordinary
Holding: 100%

Aggregate capital and reserves: £99,529 (2023: £89,925)
(Loss)/profit for the year: £9,604 (2023: £14,216)

Lord Clyde Investment Limited
Registered office: UK
Nature of business: Property letting
Class of shares: Ordinary
Holding: 26%

Aggregate capital and reserves:-£260,372 (2023: -£267,732)
(Loss)/profit for the year: £7,360 (2023: -£14,827)

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 3,454,618
Revaluations 320,383
At 31 October 2024 3,775,001
NET BOOK VALUE
At 31 October 2024 3,775,001
At 31 October 2023 3,454,618

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 60,000
Valuation in 2024 320,383
Cost 3,394,618
3,775,001

EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Corporation tax 18,035 18,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans- Mortgage 2,568,935 2,572,550
Other creditors 262,508 302,349
Directors' loan accounts 179,999 179,999
3,011,442 3,054,898

Of the creditors falling due within and after more than one year the following amounts are due after more than five years.

At the balance sheet date seven financial institutions held legal charges over the company's investment assets in order to secure their respective outstanding bank loans. Each Bank loan issued was secured against the investment property for which the loan proceeds were used to purchase.

The above loans also include a Bounce Back Bank Loan of £11,875. This bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 6 years, and early repayment is possible without additional charges.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 November 2023 173,255 158,411 50,000 381,666
Profit for the year 294,390 294,390
Trf to/from revaluation reserv (240,287 ) 240,287 - -
At 31 October 2024 227,358 398,698 50,000 676,056

EWV PROPERTIES LIMITED (REGISTERED NUMBER: 08730525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

10. RELATED PARTY DISCLOSURES

The company is under the control of the three directors.

At the year end A Watkins and close family members were owed a total of £348,096 (2023: £387,936). At the balance sheet date the amounts outstanding were:

A Watkins - £179,999 (2023 : £179,999)
B Watkins - £80,000 (2023 : £99,979)
J Watkins - £30,641 (2023 : £32,444)
S Watkins - £57,455 (2023 : £75,514)

A Watkins is also a director of Ultimate Lets Ltd. At the year end Ultimate Lets Ltd was owed £20,400 (2023: £20,400).

C Engelbrecht and D Van Den Heever are also directors of Ultimate Prop Co Ltd. At the year end Ultimate Prop Co Ltd was owed £74,012 (2023 : £74,012).