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REGISTERED NUMBER: 03629984 (England and Wales)















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: P E Morris
D P Morris
D R C Ede
B Smith





Registered office: Park House
Station Lane
Witney
Oxfordshire
OX28 4EJ





Registered number: 03629984 (England and Wales)





Accountants: Cooper Parry Advisory Limited
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 5 120,400 120,400
120,400 120,400

Current assets
Stocks 6 19,415,516 19,544,317
Debtors 7 15,873,278 6,629,605
Cash at bank 13,685 133,821
35,302,479 26,307,743
Creditors
Amounts falling due within one year 8 30,881,524 22,019,313
Net current assets 4,420,955 4,288,430
Total assets less current liabilities 4,541,355 4,408,830

Capital and reserves
Called up share capital 10 2 2
Retained earnings 4,541,353 4,408,828
Shareholders' funds 4,541,355 4,408,830

TENENS EDE LIMITED (REGISTERED NUMBER: 03629984)

Balance Sheet - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:





D R C Ede - Director


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 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.

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
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.

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 7,140
Depreciation
At 1 October 2023
and 30 September 2024 7,140
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 120,400
Net book value
At 30 September 2024 120,400
At 30 September 2023 120,400

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:

Old Abbey House Hotel Limited
Registered office: Park House, Station Lane, Witney, England, OX28 4LH
Nature of business: Hotels and similar accommodation
%
Class of shares: holding
A Ordinary 80.00

The Feathers Hotel Limited
Registered office: Tenens House Kingfisher Business Park, London Road, Thrupp, Stroud, England, GL5 2BY
Nature of business: Hotels and similar accommodation
%
Class of shares: holding
A Ordinary 100.00

Tenens Ede Homes Limited
Registered office: Park House, Station Lane, Witney, Oxon, England, OX28 43J
Nature of business: Development of building projects
%
Class of shares: holding
A Ordinary 100.00

6. Stocks
2024 2023
£ £
Property held as stock 5,184,863 6,092,680
Work in progress 14,230,653 13,451,637
19,415,516 19,544,317

7. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 15,781,966 6,136,505
Other debtors 91,312 493,100
15,873,278 6,629,605

8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 264,884 740,416
Taxation and social security 74 194,328
Other creditors 30,616,566 21,084,569
30,881,524 22,019,313

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: £ £
2 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.