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REGISTERED NUMBER: 10409019 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

222 ESTATES LIMITED

222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


222 ESTATES LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs C A Smith
Mr P Smith
Mr L Grundy
Mr G Baines





SECRETARY: Mrs C A Smith





REGISTERED OFFICE: 222 Orford Lane
Warrington
WA2 7BB





REGISTERED NUMBER: 10409019 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
222 Estates Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 222 Estates Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 222 Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 222 Estates Limited and state those matters that we have agreed to state to the Board of Directors of 222 Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 222 Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 222 Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 222 Estates Limited. You consider that 222 Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 222 Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


22 April 2025

222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 33,000 33,000
Tangible assets 5 10,413 12,855
Investment property 6 418,175 276,889
461,588 322,744

CURRENT ASSETS
Debtors 7 29,996 37,534
Cash at bank and in hand 12,814 18,855
42,810 56,389
CREDITORS
Amounts falling due within one year 8 70,347 241,336
NET CURRENT LIABILITIES (27,537 ) (184,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES 434,051 137,797

CREDITORS
Amounts falling due after more than one year 9 362,800 38,864
NET ASSETS 71,251 98,933

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 71,151 98,833
SHAREHOLDERS' FUNDS 71,251 98,933

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

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

222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Balance Sheet - continued
31 July 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 22 April 2025 and were signed on its behalf by:





Mrs C A Smith - Director


222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

222 Estates 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.

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

Goodwill
Goodwill was acquired in 2017. The company does not amortise goodwill.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

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.


222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 33,000
NET BOOK VALUE
At 31 July 2024 33,000
At 31 July 2023 33,000

222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 19,354 5,246 24,600
DEPRECIATION
At 1 August 2023 9,607 2,138 11,745
Charge for year 1,949 493 2,442
At 31 July 2024 11,556 2,631 14,187
NET BOOK VALUE
At 31 July 2024 7,798 2,615 10,413
At 31 July 2023 9,747 3,108 12,855

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 276,889
Additions 141,286
At 31 July 2024 418,175
NET BOOK VALUE
At 31 July 2024 418,175
At 31 July 2023 276,889

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 7,505 18,275
Amounts owed by participating interests 4,643 4,772
Other debtors 9,487 14,487
Prepayments and accrued income 8,361 -
29,996 37,534

222 ESTATES LIMITED (REGISTERED NUMBER: 10409019)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,775 199,407
Hire purchase contracts 3,000 3,000
Trade creditors - 639
Amounts owed to participating interests 34,328 2,662
Tax 10,228 22,352
Social security and other taxes 891 808
VAT 13,528 10,685
Directors' current accounts 1,608 1,608
Accrued expenses 989 175
70,347 241,336

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 5,921 5,775
Bank loans - 2-5 years 17,763 17,326
Bank loans more 5 yr by instal 339,116 12,763
Hire purchase contracts - 3,000
362,800 38,864

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 339,116 12,763

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
80 Ordinary 1 80 80
20 Ordinary B 1 20 20
100 100