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REGISTERED NUMBER: 07380847 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EDIT DEVELOPMENT LIMITED

EDIT DEVELOPMENT LIMITED (REGISTERED NUMBER: 07380847)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDIT DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Bate
A Mason





REGISTERED OFFICE: Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ





REGISTERED NUMBER: 07380847 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

EDIT DEVELOPMENT LIMITED (REGISTERED NUMBER: 07380847)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,032 21,541
Investment property 5 - 2,179,887
4,032 2,201,428

CURRENT ASSETS
Debtors 6 1,064,911 1,214,720
Cash at bank 670,821 703,357
1,735,732 1,918,077
CREDITORS
Amounts falling due within one year 7 388,023 533,727
NET CURRENT ASSETS 1,347,709 1,384,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,351,741

3,585,778

PROVISIONS FOR LIABILITIES 1,007 51,673
NET ASSETS 1,350,734 3,534,105

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,350,733 3,534,104
SHAREHOLDERS' FUNDS 1,350,734 3,534,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss Account has not been delivered.

EDIT DEVELOPMENT LIMITED (REGISTERED NUMBER: 07380847)

BALANCE SHEET - continued
30 SEPTEMBER 2024



The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:




S Bate - Director



A Mason - Director


EDIT DEVELOPMENT LIMITED (REGISTERED NUMBER: 07380847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Edit Development 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Computer equipment - 50% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

EDIT DEVELOPMENT LIMITED (REGISTERED NUMBER: 07380847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 October 2023 11,914 13,011 34,415 59,340
Additions - - 750 750
Disposals (11,914 ) (7,490 ) - (19,404 )
At 30 September 2024 - 5,521 35,165 40,686
DEPRECIATION
At 1 October 2023 4,142 5,138 28,519 37,799
Charge for year 97 560 5,099 5,756
Eliminated on disposal (4,239 ) (2,662 ) - (6,901 )
At 30 September 2024 - 3,036 33,618 36,654
NET BOOK VALUE
At 30 September 2024 - 2,485 1,547 4,032
At 30 September 2023 7,772 7,873 5,896 21,541

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 2,179,887
Disposals (2,179,887 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 2,179,887

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 468,970 654,140
Other debtors 112,220 200
Directors' current accounts 483,210 508,910
Prepayments 511 51,470
1,064,911 1,214,720

EDIT DEVELOPMENT LIMITED (REGISTERED NUMBER: 07380847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 70,337 73,915
Tax 167,893 266,979
Social security and other taxes 15,207 5,311
VAT 124,169 112,525
Other creditors 5,916 9,429
Accrued expenses 4,501 65,568
388,023 533,727

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
S Bate and A Mason
Balance outstanding at start of year 508,910 -
Amounts advanced 151,300 508,910
Amounts repaid (177,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 483,210 508,910