Ebsworth Properties Limited 02692160 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 02692160 2024-04-01 2025-03-31 02692160 2025-03-31 02692160 core:CurrentFinancialInstruments 2025-03-31 02692160 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02692160 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 02692160 core:FurnitureFittingsToolsEquipment 2025-03-31 02692160 core:LandBuildings 2025-03-31 02692160 core:MotorVehicles 2025-03-31 02692160 bus:SmallEntities 2024-04-01 2025-03-31 02692160 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02692160 bus:FilletedAccounts 2024-04-01 2025-03-31 02692160 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02692160 bus:RegisteredOffice 2024-04-01 2025-03-31 02692160 bus:CompanySecretary1 2024-04-01 2025-03-31 02692160 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02692160 core:RevaluationReserve 2024-04-01 2025-03-31 02692160 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 02692160 core:LandBuildings 2024-04-01 2025-03-31 02692160 core:MotorCars 2024-04-01 2025-03-31 02692160 core:MotorVehicles 2024-04-01 2025-03-31 02692160 core:OfficeEquipment 2024-04-01 2025-03-31 02692160 countries:AllCountries 2024-04-01 2025-03-31 02692160 2024-03-31 02692160 core:FurnitureFittingsToolsEquipment 2024-03-31 02692160 core:LandBuildings 2024-03-31 02692160 core:MotorVehicles 2024-03-31 02692160 2023-04-01 2024-03-31 02692160 2024-03-31 02692160 core:CurrentFinancialInstruments 2024-03-31 02692160 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02692160 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 02692160 core:FurnitureFittingsToolsEquipment 2024-03-31 02692160 core:LandBuildings 2024-03-31 02692160 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 02692160

Ebsworth Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

(Registration number: 02692160)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

242,547

250,489

Current assets

 

Debtors

5

279

334

Cash at bank and in hand

 

6,619

15,020

 

6,898

15,354

Creditors: Amounts falling due within one year

6

(15,170)

(18,175)

Net current liabilities

 

(8,272)

(2,821)

Total assets less current liabilities

 

234,275

247,668

Creditors: Amounts falling due after more than one year

6

(7,121)

-

Provisions for liabilities

(93)

(93)

Net assets

 

227,061

247,575

Capital and reserves

 

Called up share capital

70

70

Revaluation reserve

(15,000)

-

Retained earnings

241,991

247,505

Shareholders' funds

 

227,061

247,575

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:
 

.........................................
Mrs Susan Ebsworth
Company secretary

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Hindburn Drive
Worsley
Manchester
M28 1XY
United Kingdom

These financial statements were authorised for issue by the Board on 26 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% Reducing Balance

Office Equipment

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

250,000

339

550

250,889

Revaluations

(15,000)

-

-

(15,000)

Additions

-

-

9,540

9,540

At 31 March 2025

235,000

339

10,090

245,429

Depreciation

At 1 April 2024

-

82

318

400

Charge for the year

-

39

2,443

2,482

At 31 March 2025

-

121

2,761

2,882

Carrying amount

At 31 March 2025

235,000

218

7,329

242,547

At 31 March 2024

250,000

257

232

250,489

Included within the net book value of land and buildings above is £235,000 (2024 - £250,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2025
£

2024
£

Prepayments

279

320

Other debtors

-

14

 

279

334

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

122

1,047

Accruals and deferred income

900

870

Other creditors

14,148

16,258

15,170

18,175

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7,121

-

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(15,000)

(15,000)