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REGISTERED NUMBER: 12933236 (England and Wales)










Financial Statements

for the Year Ended 31 October 2024

for

Escalon Limited

Escalon Limited (Registered number: 12933236)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Escalon Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: S L Holman





REGISTERED OFFICE: 10 Rhoda Terrace
Sunderland
Tyne and Wear
SR2 9SY





REGISTERED NUMBER: 12933236 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Escalon Limited (Registered number: 12933236)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 76,807 199,486

CURRENT ASSETS
Debtors 5 - 128
Cash at bank 49,692 1,767
49,692 1,895
CREDITORS
Amounts falling due within one year 6 (113,573 ) (210,273 )
NET CURRENT LIABILITIES (63,881 ) (208,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,926

(8,892

)

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 7 12,923 (8,895 )
12,926 (8,892 )

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 director acknowledges his 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.

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 director and authorised for issue on 1 May 2025 and were signed by:





S L Holman - Director


Escalon Limited (Registered number: 12933236)

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

1. STATUTORY INFORMATION

Escalon 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not Provided

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Escalon Limited (Registered number: 12933236)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 November 2023 199,486
Disposals (122,679 )
At 31 October 2024 76,807
NET BOOK VALUE
At 31 October 2024 76,807
At 31 October 2023 199,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 76,587 158,927
Trade creditors - 4,724
Corporation tax 5,105 -
Other creditors 954 1,214
Directors' current accounts 30,927 45,408
113,573 210,273

7. RESERVES
Retained
earnings
£   

At 1 November 2023 (8,895 )
Profit for the year 21,818
At 31 October 2024 12,923