Ebury Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09559714 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EBURY PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N P McEntyre

A P Howarth

REGISTERED OFFICE:

Terriers House

201 Amersham Road

High Wycombe

Buckinghamshire

HP13 5AJ

REGISTERED NUMBER:

09559714 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Investments

3

101

CURRENT ASSETS

Stocks

24,331,145

25,103,634

Debtors

4

1,323,774

776,829

Cash at bank

293,994

9,790

25,948,913

25,890,253

CREDITORS

Amounts falling due within one year

5

10,054,072

6,536,329

NET CURRENT ASSETS

15,894,841

19,353,924

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,894,942

19,354,025

CREDITORS

Amounts falling due after more than one
year

6

10,576,247

14,000,000

NET ASSETS

5,318,695

5,354,025

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

5,318,595

5,353,925

5,318,695

5,354,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

N P McEntyre - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Joint venture developments

From time to time the Company enters into Joint Venture ("JV") developments with associated companies. The profit on these JVs is split on an arms-length basis and the split is dependent on factors such as which party to the JV owns the land being developed, and which party is carrying on the construction work. During the course of construction profit is shared on a construction valuation basis, with periodic profit share adjustments as and when it is considered reasonable to make them. In some cases this will not be until the development nears completion. Such adjustments are accounted for within Cost of Sales.

2.	EMPLOYEES AND DIRECTORS

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

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

101

NET BOOK VALUE

At 31st December 2024

101

At 31st December 2023

101

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

741,000

752,959

Directors' loan accounts

581,700

-

Tax

105

23,862

VAT

969

8

1,323,774

776,829

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other loans

-

2,500,000

Trade creditors

1,002,334

1,053,239

Tax

-

105

Other creditors

7,430,000

2,646,487

Accruals and deferred income

1,621,738

336,498

10,054,072

6,536,329

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other loans - 1-2 years

10,576,247

14,000,000

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

31.12.24

31.12.23

£

N P McEntyre

Balance outstanding at start of year

-

Amounts advanced

581,700

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

581,700

-

The overdrawn directors loan account (N McEntyre) was repaid in full within 9-months of the year-end.

8.	RELATED PARTY DISCLOSURES

RIDGEPOINT HOMES LIMITED

A company in which N P McEntyre is the sole director.

- During the year, the company made loan repayments to Ridgepoint Homes Limited of £924,000 but received loan advances amounting to £2,587,514. This loan was interest bearing at a rate of 10% and repayable on demand. There was an outstanding balance of £4,310,000 due to Ridgepoint Homes Limited as at 31st December 2024.

MCENTYRE HOLDINGS LIMITED

A company in which N P McEntyre owns 100% of the issued share capital.

- During the year, the company received loan advances from McEntyre Holdings Limited of £1,273,000. This loan was non-interest bearing and repayable on demand. There was an outstanding balance of £1,220,000 due to McEntyre Holdings Limited as at 31st December 2024.

DARLINGHURST HOLDINGS LIMITED

A company in which N P McEntyre is the sole director.

- During the year, the company made loan advances to Darlinghurst Holdings Limited of £95,041 and received loan repayments of £107,000. This loan was non-interest bearing and repayable on demand. There was an outstanding balance of £741,000 due to Ebury Property Limited as at 31st December 2024.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.