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Registration number: 13637669

Eclipse Property Partnership Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Eclipse Property Partnership Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Eclipse Property Partnership Ltd

Company Information

Directors

Mr R J Carroll

Mrs R Carroll

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Eclipse Property Partnership Ltd

(Registration number: 13637669)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

305,239

305,319

Current assets

 

Debtors

5

205

174

Cash at bank and in hand

 

5,849

9,465

 

6,054

9,639

Creditors: Amounts falling due within one year

6

(1,663)

(1,512)

Net current assets

 

4,391

8,127

Total assets less current liabilities

 

309,630

313,446

Creditors: Amounts falling due after more than one year

6

(280,267)

(289,767)

Net assets

 

29,363

23,679

Capital and reserves

 

Called up share capital

100

100

Retained earnings

29,263

23,579

Shareholders' funds

 

29,363

23,679

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
Mr R J Carroll
Director

.........................................
Mrs R Carroll
Director

 
     
 

Eclipse Property Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

 

Eclipse Property Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

305,000

399

305,399

At 30 September 2024

305,000

399

305,399

Depreciation

At 1 October 2023

-

80

80

Charge for the year

-

80

80

At 30 September 2024

-

160

160

Carrying amount

At 30 September 2024

305,000

239

305,239

At 30 September 2023

305,000

319

305,319

Included within the net book value of land and buildings above is £305,000 (2023 - £305,000) in respect of freehold land and buildings.
 

The cost price of the property is £272,335. The property has been revalued using Zoopla's property valuation tool.

 

Eclipse Property Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

205

174

 

205

174

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,663

1,512

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

280,267

289,767

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

185,480

194,980

Other borrowings

94,787

94,787

280,267

289,767

The mortgage taken out by the company is secured over the property at 39 Andersey Way by The Mortgage Works (UK) PLC.