REGISTERED NUMBER: 14475200 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Edwynns Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Wynn

REGISTERED OFFICE:

117 Whittern Way

Tupsley

Hereford

HR1 1QP

REGISTERED NUMBER:

14475200 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

354

-

Investment property

5

490,000

196,977

490,354

196,977

CURRENT ASSETS

Debtors

6

655

-

Cash at bank

4,311

5,032

4,966

5,032

CREDITORS

Amounts falling due within one year

7

125,192

66,585

NET CURRENT LIABILITIES

(120,226

)

(61,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

370,128

135,424

CREDITORS

Amounts falling due after more than one year

8

(292,287

)

(138,549

)

PROVISIONS FOR LIABILITIES

(15,365

)

-

NET ASSETS/(LIABILITIES)

62,476

(3,125

)

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

65,126

-

Retained earnings

(2,750

)

(3,225

)

62,476

(3,125

)

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 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 26 September 2025 and were signed by:

S Wynn - Director

1.	STATUTORY INFORMATION

Edwynns Properties 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

The turnover shown in the profit and loss account represents rentals due for the year.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Investment property

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

529

At 30 November 2024

529

DEPRECIATION

Charge for year

175

At 30 November 2024

175

NET BOOK VALUE

At 30 November 2024

354

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

196,977

Additions

212,621

Revaluations

80,402

At 30 November 2024

490,000

NET BOOK VALUE

At 30 November 2024

490,000

At 30 November 2023

196,977

Fair value at 30 November 2024 is represented by:

£

Valuation in 2023

490,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

409,598

-

Investment properties were valued on an open market basis on 30 November 2024 by Mr S Wynn, director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

655

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,634

-

Other creditors

123,558

66,585

125,192

66,585

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

292,287

138,549

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more than 5 years

292,287

138,549

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

292,287

138,549

The Mortgage Works (UK) Plc holds a first legal mortgage over 13 Cilcennin Close, Hereford and 27 Prospect Walk, Hereford.

10.

RESERVES

Fair

value

reserve

£

Fair value movement

65,126

At 30 November 2024

65,126