Company registration number 02658216 (England and Wales)
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
265,360
490,360
Current assets
Cash at bank and in hand
4,792
6,728
Creditors: amounts falling due within one year
4
(130,629)
(335,784)
Net current liabilities
(125,837)
(329,056)
Total assets less current liabilities
139,523
161,304
Provisions for liabilities
(23,960)
Net assets
139,523
137,344
Capital and reserves
Called up share capital
5
2
2
Non-distributable profits reserve
6
101,216
Distributable profit and loss reserves
139,521
36,126
Total equity
139,523
137,344
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2025
05 April 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 14 July 2025
Mrs C J Smith
Director
Company registration number 02658216 (England and Wales)
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 3 -
1
Accounting policies
Company information
Eclectic Systems Professionals Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, St Matthews House, Haugh Lane, Hexham, Northumberland, NE46 3PU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents rent receivable.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
3
Investment property
2025
£
Fair value
At 6 April 2024
490,360
Disposals
(225,000)
At 5 April 2025
265,360
Investment property comprises two properties in Windermere, Cumbria. In accordance with the applicable financial reporting standard the company considers the fair market value of each property every year and adjust the carrying value accordingly if the year-on-year change is significant. The company's director has been responsible for considering the fair value at the balance sheet date.
ECLECTIC SYSTEMS PROFESSIONALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
24,444
5,536
Other creditors
106,185
330,248
130,629
335,784
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
101,216
62,513
Non distributable profits in the year
(101,216)
38,703
At the end of the year
-
101,216
In accordance with FRS102 all revaluations to investment properties, along with deferred taxation provisions relating to such revaluations, flow through the profit and loss account however these amounts are non-distributable.