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REGISTERED NUMBER: 11560528 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2024

for

Epic Prop Co Limited

Epic Prop Co Limited (Registered number: 11560528)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Epic Prop Co Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S A Beer





REGISTERED OFFICE: 67-73 Duke Street
Liverpool
Merseyside
L1 5AA





REGISTERED NUMBER: 11560528 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Epic Prop Co Limited (Registered number: 11560528)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,760,000 2,760,000

CURRENT ASSETS
Debtors 1,134,961 1,174,501
Cash at bank 88 88
1,135,049 1,174,589
CREDITORS
Amounts falling due within one year 62,059 61,459
NET CURRENT ASSETS 1,072,990 1,113,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,832,990

3,873,130

CREDITORS
Amounts falling due after more than one year (2,051,000 ) (2,051,000 )

PROVISIONS FOR LIABILITIES (335,299 ) (335,299 )
NET ASSETS 1,446,691 1,486,831

CAPITAL AND RESERVES
Called up share capital 100 100
Non-Dist Retained Earning 1,429,432 1,429,432
Retained earnings 17,159 57,299
1,446,691 1,486,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Epic Prop Co Limited (Registered number: 11560528)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:





S A Beer - Director


Epic Prop Co Limited (Registered number: 11560528)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Epic Prop Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 as modified by the revaluation of certain assets.

Turnover
The turnover in the profit & loss account represents revenue recognised on rents received on a cash or credit basis during the period exclusive of value added tax.

Investment property
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 2,760,000
NET BOOK VALUE
At 31 January 2024 2,760,000
At 31 January 2023 2,760,000

Epic Prop Co Limited (Registered number: 11560528)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2019 2,029,730
Valuation in 2021 (265,000 )
Cost 995,270
2,760,000

5. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 2,051,000 2,051,000

Gfs 1 LTD has a charge over the freehold property known as 23 & 25-27 seel street liverpool L1 4AU and registered at hm land registry under title numbers MS603171 & MS302441. Contains fixed charge,
Contains floating charge and Contains negative pledge.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Epic Prop Co Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Epic Prop Co Limited for the year ended 31 January 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Epic Prop Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Epic Prop Co Limited and state those matters that we have agreed to state to the director of Epic Prop Co Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Epic Prop Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Epic Prop Co Limited. You consider that Epic Prop Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Epic Prop Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW


Date: .............................................