| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 10th January 2024 to 31st March 2025 |
| for |
| Etmaco Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 10th January 2024 to 31st March 2025 |
| for |
| Etmaco Limited |
| Etmaco Limited (Registered number: 15401647) |
| Contents of the Financial Statements |
| for the Period 10th January 2024 to 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| Etmaco Limited |
| Company Information |
| for the Period 10th January 2024 to 31st March 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 29a Crown Street |
| Brentwood |
| Essex |
| CM14 4BA |
| Etmaco Limited (Registered number: 15401647) |
| Balance Sheet |
| 31st March 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Etmaco Limited (Registered number: 15401647) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the director and authorised for issue on |
| Etmaco Limited (Registered number: 15401647) |
| Notes to the Financial Statements |
| for the Period 10th January 2024 to 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Etmaco Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rental income receivable during the year. |
| 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. |
| In the opinion of the directors, taking into account current market conditions, there has been no significant change in the value of the investment properties since their acquisition. |
| Taxation |
| Taxation for the period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Cost | 1,633,730 |
| Etmaco Limited (Registered number: 15401647) |
| Notes to the Financial Statements - continued |
| for the Period 10th January 2024 to 31st March 2025 |
| 4. | INVESTMENT PROPERTY - continued |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| £ |
| Cost | 1,633,730 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| Amounts owed to group undertakings |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| The long-term bank loans are secured over the company's investment properties. |
| Etmaco Limited (Registered number: 15401647) |
| Notes to the Financial Statements - continued |
| for the Period 10th January 2024 to 31st March 2025 |
| 9. | RELATED PARTY DISCLOSURES |
| During the period, Bower Group Limited, the company's ultimate parent company, advanced a long-term interest-free loan to the company. The balance on this loan at 31st March 2025 amounted to £29,900. The loan is not repayable before 31st March 2026 |
| During the period, G S Charles, the director of the company, sold a number of properties to the company on an arms-length basis for £1,227,319. |
| Also, during the period, G S Charles advanced a long-term interest-free loan to the company. The balance on this loan at 31st March 2025 amounted to £461,070. The loan is not repayable before 31st March 2026. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Bower Group Limited, a company registered in England and Wales. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Etmaco Limited |
| The following reproduces the text of the report prepared for the director 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 Director 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 Etmaco Limited for the period ended 31st March 2025 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 director of Etmaco Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Etmaco Limited and state those matters that we have agreed to state to the director of Etmaco Limited 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 Etmaco Limited and its director for our work or for this report. |
| It is your duty to ensure that Etmaco 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 Etmaco Limited. You consider that Etmaco Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Etmaco 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. |
| Chartered Accountants |
| 29a Crown Street |
| Brentwood |
| Essex |
| CM14 4BA |