REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
for |
TENENS EDE LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
for |
TENENS EDE LIMITED |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
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 |
TENENS EDE LIMITED |
Company Information |
for the year ended 30 September 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
Balance Sheet |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 10 |
Retained earnings |
Shareholders' funds |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
Balance Sheet - continued |
30 September 2024 |
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 were approved by the Board of Directors and authorised for issue on |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
Notes to the Financial Statements |
for the year ended 30 September 2024 |
1. | Statutory information |
Tenens Ede Limited is a |
The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1. The financial statements are prepared for the year ended 30 September 2024 (2023: year ended 30 September 2023). |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Tenens Ede Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. |
Proceeds from property sales are recognised at the point when all substantive conditions of the sale have been satisfied. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
Fixtures and fittings - 20% on cost |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Stocks relates to properties held for sale and are stated at the lower of cost and net realisable value. Cost is computed as the price of properties acquired, cost of refurbishment, improvements and legal and other costs incurred in the purchase. |
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income statement. |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
2. | Accounting policies - continued |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, creditors and loans with related parties. |
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. |
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. |
Going concern |
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 October 2023 |
and 30 September 2024 |
Depreciation |
At 1 October 2023 |
and 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 October 2023 |
and 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
5. | Fixed asset investments - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Park House, Station Lane, Witney, England, OX28 4LH |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Tenens House Kingfisher Business Park, London Road, Thrupp, Stroud, England, GL5 2BY |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Park House, Station Lane, Witney, Oxon, England, OX28 43J |
Nature of business: |
% |
Class of shares: | holding |
6. | Stocks |
2024 | 2023 |
£ | £ |
Property held as stock | 5,184,863 | 6,092,680 |
Work in progress |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
TENENS EDE LIMITED (REGISTERED NUMBER: 03629984) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
9. | Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, creditors and loans with related parties. |
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. |
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | £1 | 2 | 2 |
11. | Related party disclosures |
Included within other creditors at 30 September 2024 are amounts owed to related parties of the company. The amounts owed are free of interest and repayable on demand: |
Owed to Ede Holdings Limited £15,297,948 (2023 - £10,697,536) - common directors D R C Ede and S D Ingledew. |
Owed to Howard Tenens Distribution Limited £15,277,389 (2023 - £10,377,389) - common directors P E Morris and D P Morris. |
During the year ended 30 September 2024, the company made purchases of £4,741,593 (2023 - £8,367,661 ) from Builders Ede Limited, a company of which D R C Ede and S D Ingledew are directors. |