Escelies Development Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10807407

		31 December 2024		30 June 2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	-		3,007,239
Debtors	5	220		198,472
Cash at bank and in hand		9		781

		229		3,206,492
Creditors: Amounts Falling Due Within One Year	6	(674,872 )		(3,259,638 )

NET CURRENT ASSETS (LIABILITIES)			(674,643 )		(53,146 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(674,643 )		(53,146 )

NET LIABILITIES			(674,643 )		(53,146 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(674,743 )		(53,246 )

SHAREHOLDERS' FUNDS			(674,643)		(53,146)

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Escelies Development Company Limited

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Furey

Director

29 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Escelies Development Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10807407 . The registered office is 678 Pershore Road, Birmingham, West Midlands, B29 7NR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2023: NIL)

4. Stocks

	31 December 2024	30 June 2023
	£	£
Work in progress	-	3,007,239

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Escelies Development Company Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2023 to 31 December 2024

5. Debtors

	31 December 2024	30 June 2023
	£	£
Due within one year
Trade debtors	220	3,397
Other debtors	-	192,225
VAT	-	2,850

	220	198,472

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	30 June 2023
	£	£
Trade creditors	-	1,321
Bank loans and overdrafts	-	1,504,679
VAT	4,586	-
Other creditors	668,518	1,741,870
Accruals and deferred income	1,100	11,100
Directors' loan accounts	668	668

	674,872	3,259,638

7. Share Capital

	31 December 2024	30 June 2023
	£	£
Allotted, Called up and fully paid	100	100

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