REGISTERED NUMBER: 02868178 (England and Wales)

Financial Statements

for the Year Ended 30 November 2024

for

Edgelime Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G R Osborne

A B M Osborne

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

02868178 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

142,911

142,911

142,911

142,911

CURRENT ASSETS

Debtors

6

23,448

13,754

Cash at bank

100,016

95,636

123,464

109,390

CREDITORS

Amounts falling due within one year

7

30,625

32,202

NET CURRENT ASSETS

92,839

77,188

TOTAL ASSETS LESS CURRENT LIABILITIES

235,750

220,099

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

235,748

220,097

SHAREHOLDERS' FUNDS

235,750

220,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

G R Osborne - Director

1.	STATUTORY INFORMATION

Edgelime 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

Turnover represents property rentals receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 5 years

Investment property

Investment property is not depreciated but is revalued annually at its fair value, in accordance with the Provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2023

and 30 November 2024

7,212

DEPRECIATION

At 1 December 2023

and 30 November 2024

7,212

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

and 30 November 2024

142,911

NET BOOK VALUE

At 30 November 2024

142,911

At 30 November 2023

142,911

Fair value at 30 November 2024 is represented by:

£

Valuation in 2024

142,911

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

142,911

142,911

Aggregate depreciation

(88,056

)

(86,613

)

Investment property was valued on a fair value basis on 30 November 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

370

2,245

Directors' loan accounts

16,518

4,949

Tax

6,560

6,560

23,448

13,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

5,140

5,834

Social security and other taxes

1,317

2,072

Accruals and deferred income

24,168

24,296

30,625

32,202

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amounts owing from the directors are shown in the debtors note. Interest has been charged at the beneficial loan rate.