REGISTERED NUMBER: 05193135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

EPIC INDUSTRIAL PARK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Sarwar

SECRETARY:

S Sarwar

REGISTERED OFFICE:

Technology Centre

Bridge Street

Church

Accrington

Lancashire

BB5 4HU

REGISTERED NUMBER:

05193135 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Investments

4

1

-

Investment property

5

1,119,500

1,119,500

1,119,501

1,119,500

CURRENT ASSETS

Debtors

6

145,004

165,997

Cash at bank

19,791

16,915

164,795

182,912

CREDITORS

Amounts falling due within one year

7

54,900

46,304

NET CURRENT ASSETS

109,895

136,608

TOTAL ASSETS LESS CURRENT LIABILITIES

1,229,396

1,256,108

CREDITORS

Amounts falling due after more than one year

8

(290,417

)

(324,430

)

PROVISIONS FOR LIABILITIES

(84,413

)

(84,301

)

NET ASSETS

854,566

847,377

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

518,394

518,394

Retained earnings

336,072

328,883

SHAREHOLDERS' FUNDS

854,566

847,377

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th September 2025 and were signed by:

S Sarwar - Director

1.	STATUTORY INFORMATION

Epic Industrial Park Ltd 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 rental income receivable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment properties

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.

Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1

At 31st October 2024

1

NET BOOK VALUE

At 31st October 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2023

and 31st October 2024

1,119,500

NET BOOK VALUE

At 31st October 2024

1,119,500

At 31st October 2023

1,119,500

Fair value at 31st October 2024 is represented by:

£

Valuation in 2024

1,119,500

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

31.10.24

31.10.23

£

£

Cost

529,677

529,677

Investment property was valued on a fair value basis on 31st October 2024 by the director .

6.

DEBTORS

31.10.24

31.10.23

£

£

Amounts falling due within one year:

Trade debtors

9,447

9,568

Other debtors

1,664

1,472

11,111

11,040

31.10.24

31.10.23

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

133,893

154,957

Aggregate amounts

145,004

165,997

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

31,921

28,605

Trade creditors

697

215

Taxation and social security

4,439

9,351

Other creditors

17,843

8,133

54,900

46,304

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

290,417

324,430

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

143,426

185,696

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

31.10.23

£

£

Bank loan

313,471

338,568

The bank loan is secured by a fixed charge on the investment property and a floating charge over all other assets of the company.

10.

RESERVES

Revaluation

reserve

£

At 1st November 2023

and 31st October 2024

518,394