| EHAH Properties Ltd |
| Notes to the Accounts |
| for the period from 26 October 2023 to 31 October 2024 |
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| 1 |
Statutory information |
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EHAH Properties Ltd is a private company, limited by shares, registered in England and Wales. |
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The company's registered number and registered office address are as below: |
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Registered number: |
15239154 |
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Registered office: |
20 Craigmore Drive |
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Ben Rhydding |
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Ilkley |
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LS29 8PG |
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The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1. |
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| 2 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
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Turnover |
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Turnover represents rents received and receivable, excluding VAT. |
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Investment property |
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Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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| 2 |
Accounting policies (continued) |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 3 |
Employees |
2024 |
| Number |
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Average number of persons employed by the company |
2 |
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| 4 |
Investment property |
| Total |
| £ |
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Fair value |
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Additions |
366,116 |
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At 31 October 2024 |
366,116 |
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Historical cost |
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At 31 October 2024 |
366,116 |
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The investment property was valued on an open market basis on 31 October 2024 by the directors. |
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| 5 |
Debtors |
2024 |
| £ |
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Prepayments and accrued income |
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10,640 |
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10,640 |
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| 6 |
Creditors: amounts falling due within one year |
2024 |
| £ |
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Bank loans and overdrafts |
198,925 |
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Trade creditors |
19,557 |
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Accruals and deferred income |
900 |
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Directors' current account |
176,008 |
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395,390 |
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| 7 |
Loans |
2024 |
| £ |
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Creditors include: |
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Secured bank loans |
198,925 |
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Bank loans are secured over the properties to which they relate. |
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| 8 |
Related party transactions |
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During the period £176,108 was advanced from and £100 was repaid to the directors of the company. An amount of £176,008 remained due to the directors at the period end. |