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COMPANY REGISTRATION NUMBER: 13530814
ECLCH Property Limited
Unaudited financial statements
31 March 2025
ECLCH Property Limited
Statement of financial position
31 March 2025
2025
2024
(restated)
Note
£
£
£
£
Fixed assets
Tangible assets
5
405,000
354,509
Current assets
Debtors
6
100
1,011
Cash at bank and in hand
10,780
8,254
-------
------
10,880
9,265
Creditors: Amounts falling due within one year
7
( 167,746)
( 154,886)
---------
---------
Net current liabilities
( 156,866)
( 145,621)
---------
---------
Total assets less current liabilities
248,134
208,888
Creditors: Amounts falling due after more than one year
8
( 234,309)
( 234,001)
Provisions
Taxation including deferred tax
( 2,320)
5,204
---------
---------
Net assets/(liabilities)
11,505
( 19,909)
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
40,898
Profit and loss account
( 29,493)
( 20,009)
-------
-------
Shareholders funds/(deficit)
11,505
( 19,909)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ECLCH Property Limited
Statement of financial position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 15 July 2025 , and are signed on behalf of the board by:
C A Swallow
Director
Company registration number: 13530814
ECLCH Property Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 St Helens Street, Ipswich, Suffolk, IP4 1HH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company adopted FRS 102 on 1 April 2023. The following adjustments were made to the year ended 31 March 2024 in line with this transition:
Debit - Deferred Tax Provision: £6,847
Credit - Deferred Tax Charge: £6,847
4. Employee numbers
The average number of employees during the year was 2 (2024: 2 ).
5. Tangible assets
Investment Property
£
Cost or valuation
At 1 April 2024 (as restated)
354,509
Revaluations
50,491
---------
At 31 March 2025
405,000
---------
Depreciation
At 1 April 2024 and 31 March 2025
---------
Carrying amount
At 31 March 2025
405,000
---------
At 31 March 2024
354,509
---------
The investment properties were valued by the third party agents as at 31 March 2025.
6. Debtors
2025
2024
(restated)
£
£
Trade debtors
911
Other debtors
100
100
----
------
100
1,011
----
------
7. Creditors: Amounts falling due within one year
2025
2024
(restated)
£
£
Other creditors - Livbearestates Limited
162,885
152,000
Other creditors - Swallow Marketing Communications Ltd
3,331
1,956
Other creditors
1,530
930
---------
---------
167,746
154,886
---------
---------
8. Creditors: Amounts falling due after more than one year
2025
2024
(restated)
£
£
Bank loans and overdrafts
234,309
234,001
---------
---------
Bank loans totalling £234,309 (2024: £234,001) disclosed under creditors: amounts falling due after more than one year are secured by the company. Included within creditors amounts falling due after one year is an amount of £234,309 (2024 - £234,001) in respect of liabilities repayable by instalments which fall due for payment after more than five years from the reporting date.