ACCOUNTS - Final Accounts preparation

Company registration number: 13438505

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2024

	EXPEDITUS ESTATES LIMITED


EXPEDITUS ESTATES LIMITED

COMPANY INFORMATION

Director	Samir Patel


Registered number	13438505


Registered office	3rd floor
	126-134 Baker Street
	London
	W1U 6UE


Accountants	Menzies LLP
	Chartered Accountants
	95 Gresham Street
	London
	EC2V 7AB


EXPEDITUS ESTATES LIMITED REGISTERED NUMBER:13438505

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		-		1,000,000
Investment property	5		875,000		-
			875,000		1,000,000
Current assets
Debtors: amounts falling due within one year	6	214,627		100
Cash at bank and in hand		12,823		-
		227,450		100
Creditors: amounts falling due within one year	7	(1,022,105)		(1,003,865)
Net current liabilities			(794,655)		(1,003,765)
Total assets less current liabilities			80,345		(3,765)

Net assets/(liabilities)			80,345		(3,765)

Capital and reserves
Called up share capital	100	100
Profit and loss account	80,245	(3,865)
	80,345	(3,765)

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EXPEDITUS ESTATES LIMITED REGISTERED NUMBER:13438505

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Samir Patel

Director

Date: 10 June 2025

The notes on pages 3 to 5 form part of these financial statements.

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EXPEDITUS ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

1.	General information

Expeditus Estates Limited is a private company, limited by shares, incorporated in England and Wales with company
registration number 13438505. The registered office is disclosed on the company's information page. The company does not have a trading address.
The Company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net deficit on the balance sheet. The director will provide the necessary support to maintain the company as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern. The director is of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements for the year ended 30 June 2024.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through rental income and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

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EXPEDITUS ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£

	At 1 July 2023	1,000,000
	Disposals	(1,000,000)
	At 30 June 2024	-

	Net book value
	At 30 June 2024	-
	At 30 June 2023	1,000,000

5.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	875,000
	At 30 June 2024	875,000

The 2024 valuations were made by director, on an open market value for existing use basis.

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EXPEDITUS ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

Debtors

					2024	2023
					£	£


Trade debtors	3,605	-
Other debtors	210,100	100
Prepayments and accrued income	922	-
	214,627	100

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,487	-
Other taxation and social security	2,604	-
Other creditors	1,004,082	1,000,432
Accruals and deferred income	13,932	3,433
	1,022,105	1,003,865

8.	Transactions with directors

As at 30 June 2024, within other creditors there is a balance owed to the director of £1,004,082 (2023: £1,000,432) by the company. Amounts repaid in the year total £nil (2023: £nil). The loan has been provided interest free and is repayable on demand.

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