General Information
EK ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 07111543, registration address 160 ROMAN ROAD, BETHNAL GREEN LONDON, E2 0RY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
15% Reducing Balance
|
| Motor Vehicles |
15% Reducing Balance
|
|
| 2. |
Average number of employees
Average number of employees during the year was 4 (2023 : 4).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
6,000 |
|
6,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
6,000 |
|
6,000 |
| Net book values |
| At 31 December 2024 |
6,000 |
|
6,000 |
| At 31 December 2023 |
6,000 |
|
6,000 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2024 |
26,931 |
|
12,107 |
|
39,038 |
| Additions |
- |
|
- |
|
- |
| Disposals |
(26,931) |
|
- |
|
(26,931) |
| At 31 December 2024 |
- |
|
12,107 |
|
12,107 |
| Depreciation |
| At 01 January 2024 |
20,473 |
|
9,785 |
|
30,258 |
| Charge for year |
- |
|
348 |
|
348 |
| On disposals |
(20,473) |
|
- |
|
(20,473) |
| At 31 December 2024 |
- |
|
10,133 |
|
10,133 |
| Net book values |
| Closing balance as at 31 December 2024 |
- |
|
1,974 |
|
1,974 |
| Opening balance as at 01 January 2024 |
6,458 |
|
2,322 |
|
8,780 |
|
| 5. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Debtors |
0 |
|
6,955 |
|
0 |
|
6,955 |
|
| 6. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Creditors |
1,429 |
|
11,717 |
| PAYE & Social Security |
83 |
|
3,189 |
| Other Creditors |
1 |
|
0 |
| Wages & Salaries Control Account |
3,112 |
|
0 |
| Rent Payable to Lanlord |
125,187 |
|
106,787 |
|
129,812 |
|
121,693 |
|
| 7. |
Share Capital
Authorised
500 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2024
£ |
|
2023
£ |
|
500
Class A shares of £1.00 each |
500 |
|
500 |
|
500 |
|
500 |
|
2
|