Registration number: 10963834

Eden Point Developments Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Eden Point Developments Limited

(Registration number: 10963834)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	112,753	147,736
Investment property	5	7,949,689	7,941,719
		8,062,442	8,089,455
Current assets
Debtors	6	273,248	192,064
Cash at bank and in hand		395,446	439,266
		668,694	631,330
Creditors: Amounts falling due within one year	7	(1,644,748)	(1,684,115)
Net current liabilities		(976,054)	(1,052,785)
Total assets less current liabilities		7,086,388	7,036,670
Creditors: Amounts falling due after more than one year	7	(3,380,000)	(3,371,725)
Provisions for liabilities		(931,362)	(811,744)
Net assets		2,775,026	2,853,201
Capital and reserves
Called up share capital		100	100
Fair value reserve		2,312,520	2,354,087
Retained earnings		462,406	499,014
Shareholders' funds		2,775,026	2,853,201

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Eden Point Developments Limited

(Registration number: 10963834)
Statement of Financial Position as at 31 December 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

......................................... Mr C P McCann Director

......................................... Mr M J Buck Director

Eden Point Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor, Eden Point
Three Acres Lane
Cheadle Hulme
SK8 6RL

These financial statements were authorised for issue by the Board on 28 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts invoiced during the year, net of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Eden Point Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	15% Straight Line
Plant and Machinery	15% Straight Line

Investment property

Investment property is carried at fair value as determined by the directors. The directors have determined the fair value valuation based on current rental income. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Eden Point Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	253,386	1,022	254,408
Additions	3,437	-	3,437
At 31 December 2024	256,823	1,022	257,845
Depreciation
At 1 January 2024	106,279	393	106,672
Charge for the year	38,266	154	38,420
At 31 December 2024	144,545	547	145,092
Carrying amount
At 31 December 2024	112,278	475	112,753
At 31 December 2023	147,107	629	147,736

5	Investment properties

	2024 £
At 1 January	7,941,719
Additions	7,970
At 31 December	7,949,689

The property was revalued on 9th September 2021 by JLL, independent valuers. The directors consider this value still to be appropriate.

6

Debtors

	2024 £	2023 £
Trade debtors	82,880	42,120
Other debtors	179,865	138,702
Prepayments	10,503	11,242
	273,248	192,064

Eden Point Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Loans and borrowings	12,260	36,882
Trade creditors	10,192	62,353
Taxation and social security	37,452	19,640
Accruals and deferred income	28,851	23,865
Other creditors	1,555,993	1,541,375
	1,644,748	1,684,115

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Loans and borrowings	3,380,000	3,371,725

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	3,380,000	3,362,500
Hire purchase contracts	-	9,225
	3,380,000	3,371,725

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	17,500
Hire purchase contracts	12,260	19,382
	12,260	36,882