Company Registration No. 12745151 (England and Wales)
EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2023
Notes
£
£
£
£
Current assets
Stocks
-
7,508,224
Debtors
4
2,067,083
356,493
Cash at bank and in hand
16,877
14,631
2,083,960
7,879,348
Creditors: amounts falling due within one year
5
(854,932)
(7,026,980)
Net current assets
1,229,028
852,368
Provisions for liabilities
6
(684,000)
(400,000)
Net assets
545,028
452,368
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
544,928
452,268
Total equity
545,028
452,368

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 period 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.

The financial statements were approved by the board of directors and authorised for issue on 12 May 2025 and are signed on its behalf by:
JS Harding
MR Harding
Director
Director
Company Registration No. 12745151
EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Earlswood Holdings (Colchester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, County House, 100 New London Road, Chelmsford, Essex, CM2 0RG.

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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The truedirectors are satisfied that the business will continue to trade for a period of at least 12 months from the date of signing these financial statements.

1.3
Turnover

Turnover represents gross proceeds received and recognised on the legal completion of the sale of properties held and developed for sale. Turnover excludes any relevant VAT on sites which are opted to tax when disposed of or where there is any positive rate of supply attached.

Other operating income represents ground rent receivable and is recognised when it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock of property to their present location and condition. Finance costs associated with development funding are also included in work in progress.

 

Work in progress held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

 

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

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
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.

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.

 

 

EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty
Provisions

Provisions are recognised when the company has a present obligation as a result of a past event, as the company's best estimate of the costs that will be incurred based on legislative and contractual requirements. Provision is made for remedial works.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2023
Number
Number
Total
3
3
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
13,657
Amounts due from participating interests
2,035,651
740
Other debtors
31,432
342,096
2,067,083
356,493
EARLSWOOD HOLDINGS (COLCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2023
£
£
Bank loans
-
0
2,116,515
Trade creditors
-
0
20,389
Amounts due to participating interests
250,866
4,720,217
Corporation tax
596,106
118,284
Other creditors
7,960
51,575
854,932
7,026,980
6
Provisions for liabilities
2025
2023
£
£
Remedial works
684,000
400,000
7
Called up share capital
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 of £1 each
100
100
100
100
8
Related party transactions

At the balance sheet date £250,866 (2023: £4,720,217) was owed to participating interests and £2,035,651 (2023: £Nil) is due from participating interests.

2025-01-312023-08-01falsefalsefalse12 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityJS HardingMR HardingJL Knight127451512023-08-012025-01-31127451512025-01-31127451512023-07-3112745151core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3112745151core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3112745151core:CurrentFinancialInstruments2025-01-3112745151core:CurrentFinancialInstruments2023-07-3112745151core:ShareCapital2025-01-3112745151core:ShareCapital2023-07-3112745151core:RetainedEarningsAccumulatedLosses2025-01-3112745151core:RetainedEarningsAccumulatedLosses2023-07-3112745151core:ShareCapitalOrdinaryShareClass12025-01-3112745151core:ShareCapitalOrdinaryShareClass12023-07-3112745151bus:Director12023-08-012025-01-3112745151bus:Director22023-08-012025-01-31127451512022-08-012023-07-3112745151core:WithinOneYear2025-01-3112745151core:WithinOneYear2023-07-3112745151bus:OrdinaryShareClass12023-08-012025-01-3112745151bus:OrdinaryShareClass12025-01-3112745151bus:OrdinaryShareClass12023-07-3112745151bus:PrivateLimitedCompanyLtd2023-08-012025-01-3112745151bus:SmallCompaniesRegimeForAccounts2023-08-012025-01-3112745151bus:FRS1022023-08-012025-01-3112745151bus:AuditExemptWithAccountantsReport2023-08-012025-01-3112745151bus:Director32023-08-012025-01-3112745151bus:FullAccounts2023-08-012025-01-31xbrli:purexbrli:sharesiso4217:GBP