REGISTERED NUMBER: 08344354 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Egan Property Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A F Egan

SECRETARY:

Mrs A Egan

REGISTERED OFFICE:

36 Vale Road

Worcester Park

Surrey

KT4 7DZ

REGISTERED NUMBER:

08344354 (England and Wales)

ACCOUNTANTS:

Nationwide Accountants & Tax Advisors Ltd

704

London Road,

North Cheam, Sutton.

Surrey

SM3 9BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,761

9,586

7,761

9,586

CURRENT ASSETS

Cash at bank

2,850

9,178

CREDITORS

Amounts falling due within one year

6

2,819

2,269

NET CURRENT ASSETS

31

6,909

TOTAL ASSETS LESS CURRENT LIABILITIES

7,792

16,495

CREDITORS

Amounts falling due after more than one year

7

(6,325

)

(11,339

)

PROVISIONS FOR LIABILITIES

(733

)

(733

)

NET ASSETS

734

4,423

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

634

4,323

734

4,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 15 October 2025 and were signed by:

A F Egan - Director

1.	STATUTORY INFORMATION

Egan Property Solutions Ltd 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill is amortized over 10 years.

Tangible fixed assets

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

Motor vehicle are depreciated @ 20% reducing balance method.

Fixtures are depreciated @ 20% reducing balance method.

Computer Equipments are depreciated @ 20% reducing balance method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

12,000

AMORTISATION

At 1 February 2024

and 31 January 2025

12,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

250

21,213

8,847

30,310

DEPRECIATION

At 1 February 2024

250

11,627

8,847

20,724

Charge for year

-

1,825

-

1,825

At 31 January 2025

250

13,452

8,847

22,549

NET BOOK VALUE

At 31 January 2025

-

7,761

-

7,761

At 31 January 2024

-

9,586

-

9,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

1

-

Taxation and social security

2,111

2,231

Other creditors

707

38

2,819

2,269

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

6,325

11,339