2023-09-01 12848570 2024-08-31 12848570 2023-09-01 2024-08-31 12848570 2023-08-31 12848570 2022-09-01 2023-08-31 12848570 uk-core:WithinOneYear 2023-08-31 12848570 uk-core:WithinOneYear 2024-08-31 12848570 uk-core:AfterOneYear 2023-08-31 12848570 uk-core:AfterOneYear 2024-08-31 12848570 uk-core:ShareCapital 2024-08-31 12848570 uk-core:ShareCapital 2023-08-31 12848570 uk-core:InvestmentPropertiesRevaluationReserve 2024-08-31 12848570 uk-core:InvestmentPropertiesRevaluationReserve 2023-08-31 12848570 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 12848570 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 12848570 uk-bus:Director1 2023-09-01 2024-08-31 12848570 uk-core:AfterOneYear uk-core:Secured 2024-08-31 12848570 uk-core:AfterOneYear uk-core:Secured 2023-08-31 12848570 uk-core:AfterOneYear 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure 12848570 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12848570 uk-bus:FRS102 2023-09-01 2024-08-31 12848570 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 12848570 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Everly Rae Property Ltd
Registered Number:12848570
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Everly Rae Property Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
12848570
As at 31 August 2024
Everly Rae Property Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
872,000
1,009,119
2
872,000
1,009,119
Current assets
Trade and other receivables
-
870
4
5,834
Cash and cash equivalents
8,335
9,205
5,834
Trade and other payables: amounts falling due within one
year
(261,093)
(210,166)
6
(255,259)
(200,961)
Net current liabilities
Total assets less current liabilities
671,039
753,860
Trade and other payables: amounts falling due after more
than one year
(742,114)
(657,552)
7
(3,061)
(3,061)
Provisions for liabilities
10,426
Net assets
8,685
Capital and reserves
Called up share capital
2
2
Fair value reserve
121,158
121,158
Retained earnings
(110,734)
(112,475)
10,426
8,685
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
12848570
For the year ended 31 August 2024
Everly Rae Property Ltd
Statement of Financial Position Continued
Mr Kevin Davis Director
These financial statements were approved and authorised for issue by the Board on 28 May 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2024
Everly Rae Property Ltd
Notes to the Financial Statements
Statutory Information
Everly Rae Property Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12848570.
Registered address:
44 Dorchester Avenue
Penylan
Cardiff
CF23 9BR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 August 2024
Everly Rae Property Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 01 September 2023
1,009,119
Disposals
(137,119)
At 31 August 2024
872,000
At 31 August 2024
Net book value
872,000
At 31 August 2023
1,009,119
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
740,327
At 01 September 2023
740,327
Net historical cost value:
At 31 August 2023
At 31 August 2024
740,327
3. Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is intially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Changes in fair value are recognised in the profit and loss account.
4. Trade and other receivables
2023
2024
£
£
Trade debtors
870
-
5. Financial instruments at fair value
The company has elected to apply the provisions of Section 11 ' Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractural provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in teh financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneoulsy.
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7
For the year ended 31 August 2024
Everly Rae Property Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
1
Other creditors
210,166
261,092
210,166
261,093
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
657,552
657,552
Bank loans and overdraft (secured)
-
84,562
657,552
742,114
Included in other creditors is a director loan balance of £192,661 (2023 - £233,927).
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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