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REGISTERED NUMBER: 02011329 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ETCETERA CONSTRUCTION SERVICES
LIMITED

ETCETERA CONSTRUCTION SERVICES
LIMITED (REGISTERED NUMBER: 02011329)

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


ETCETERA CONSTRUCTION SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J Harkins
D M Harkins





SECRETARY: J Harkins





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 02011329 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

ETCETERA CONSTRUCTION SERVICES
LIMITED (REGISTERED NUMBER: 02011329)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,504,182 1,564,869
Investments 5 8,353,609 7,161,121
Investment property 6 16,881,948 16,881,948
26,739,739 25,607,938

CURRENT ASSETS
Inventories 5,157,400 4,902,400
Debtors 7 1,747,425 1,608,040
Cash at bank and in hand 182,455 441,189
7,087,280 6,951,629
CREDITORS
Amounts falling due within one year 8 1,657,145 1,220,981
NET CURRENT ASSETS 5,430,135 5,730,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,169,874

31,338,586

PROVISIONS FOR LIABILITIES 550,780 550,780
NET ASSETS 31,619,094 30,787,806

CAPITAL AND RESERVES
Called up share capital 109,849 109,849
Retained earnings 31,509,245 30,677,957
SHAREHOLDERS' FUNDS 31,619,094 30,787,806

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.

ETCETERA CONSTRUCTION SERVICES
LIMITED (REGISTERED NUMBER: 02011329)

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 8 January 2025 and were signed on its behalf by:




D M Harkins - Director



J Harkins - Director


ETCETERA CONSTRUCTION SERVICES
LIMITED (REGISTERED NUMBER: 02011329)

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


1. STATUTORY INFORMATION

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

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 - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

ETCETERA CONSTRUCTION SERVICES
LIMITED (REGISTERED NUMBER: 02011329)

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


2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties have been shown at either cost or professional valuation. No depreciation is provided for on these properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 2,194,692 120,123 165,204 40,872 2,520,891
Additions - - - 18,700 18,700
Disposals - - - (18,700 ) (18,700 )
At 31 October 2024 2,194,692 120,123 165,204 40,872 2,520,891
DEPRECIATION
At 1 November 2023 656,897 120,123 155,719 23,283 956,022
Charge for year 54,866 - 1,423 4,398 60,687
At 31 October 2024 711,763 120,123 157,142 27,681 1,016,709
NET BOOK VALUE
At 31 October 2024 1,482,929 - 8,062 13,191 1,504,182
At 31 October 2023 1,537,795 - 9,485 17,589 1,564,869

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Offshore insurance bonds 8,353,609 7,161,121

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 16,881,948
NET BOOK VALUE
At 31 October 2024 16,881,948
At 31 October 2023 16,881,948

ETCETERA CONSTRUCTION SERVICES
LIMITED (REGISTERED NUMBER: 02011329)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2003 3,343,060
Valuation in 2012 587,491
Valuation in 2014 1,500,000
Valuation in 2015 (774,376 )
Valuation in 2016 1,488,646
Valuation in 2017 1,576,561
Valuation in 2018 (10,570 )
Cost 9,171,136
16,881,948

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174,955 84,789
Other debtors 1,572,470 1,523,251
1,747,425 1,608,040

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,916 -
Trade creditors 119,266 118,219
Taxation and social security 456,999 158,547
Other creditors 1,039,964 944,215
1,657,145 1,220,981

9. RELATED PARTY DISCLOSURES

£381,130 was paid to ETC Facilities Ltd in the year ended 31 October 2024 (2023 - £283,324 ) in respect of labour provided. M Harkins owns 100 % of the share capital of that company. M Harkins is a shareholder of Etcetera Construction Services Ltd. D M Harkins is a Director of ETC Facilities Ltd. £43,435 was owed to ETC Facilities Ltd by the company as at Balance Sheet date. (2023 - £37,130)

Mr M Harkins is also the 100% shareholder of Citiscape Developments Ltd who owe £1,170,280 to the company at Balance Sheet date. (2023 £1,145,280). Mrs J Harkins and DM Harkins are also Directors of this company.

M Harkins owns 50% of the issued share capital of Born Property Development Ltd. DM Harkins is a Director of this company. As at Balance Sheet date Born Property Development Ltd owed £279,223 to Etcetera Construction Services Ltd (2023 - £263,469).