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REGISTERED NUMBER: 04413767 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EDGEHILL PORTFOLIO NO.1 LIMITED

EDGEHILL PORTFOLIO NO.1 LIMITED (REGISTERED NUMBER: 04413767)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDGEHILL PORTFOLIO NO.1 LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: R M Davies
O A Burge
S J Davies
H L Lakin





REGISTERED OFFICE: Filwood Green Business Park
1 Filwood Park lane
Bristol
BS4 1ET





REGISTERED NUMBER: 04413767 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

EDGEHILL PORTFOLIO NO.1 LIMITED (REGISTERED NUMBER: 04413767)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 239,964 237,994
Debtors 5 2,250,896 2,256,476
Cash at bank and in hand 2,046 2,526
2,492,906 2,496,996
CREDITORS
Amounts falling due within one year 6 (241,544 ) (242,082 )
NET CURRENT ASSETS 2,251,362 2,254,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,251,362

2,254,914

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 2,251,361 2,254,913
SHAREHOLDERS' FUNDS 2,251,362 2,254,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





S J Davies - Director


EDGEHILL PORTFOLIO NO.1 LIMITED (REGISTERED NUMBER: 04413767)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Edgehill Portfolio No.1 Limited is a limited company, registered in England and Wales. Its registered office address is Filwood Green Business Park, 1 Filwood Park Lane, Bristol, BSE 1ET and the registered number is 04413767.

2. ACCOUNTING POLICIES

Basis of preparation
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.

The presentation currency of the financial statements is Pounds Sterling (£) and the figures are rounded to the nearest £1.

Turnover
Turnover comprises sales of properties together with rents receivable, exclusive of Value Added Tax.

Property sales are recognised once legal completion has taken place which is upon completion of contracts.

Rent receivable is recognised as it falls due, in accordance with the lease to which it relates. Any lease
incentives are spread evenly across the period of the lease.

Stocks
Trading properties are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.

At each balance sheet date, trading properties are assessed for impairment. If an impairment is required, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment is recognised immediately in profit and loss.

When the circumstances that caused the impairment loss are favourably resolved, the impairment loss is reversed immediately in profit or loss and the carrying amount is increased, but only to the extent of the amount that it would have been prior to the impairment loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


EDGEHILL PORTFOLIO NO.1 LIMITED (REGISTERED NUMBER: 04413767)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. STOCKS
2024 2023
£    £   
Stock - Properties 239,964 237,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,250,802 2,256,382
Other debtors 94 94
2,250,896 2,256,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 678
Other creditors 237,994 237,994
Accruals and deferred income 3,550 3,410
241,544 242,082

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

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.

At the year end, Marchmont Farms Limited, a company with common directors was owed £237,994 (2023: £237,994). The balance is interest free and repayable on demand.