REGISTERED NUMBER: 07398485 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ETATT LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTOR:

S Tan

REGISTERED OFFICE:

266-268 High Street

Waltham Cross

Hertfordshire

EN8 7EA

REGISTERED NUMBER:

07398485 (England and Wales)

ACCOUNTANTS:

Arkinbutler Ltd

266-268 High Street

Waltham Cross

Hertfordshire

EN8 7EA

FIXED ASSETS

Tangible assets

4

3,491

4,107

Investment property

5

768,131

768,131

771,622

772,238

CURRENT ASSETS

Debtors

6

76,472

1,529

Cash at bank

1,248

2,009

77,720

3,538

CREDITORS

Amounts falling due within one year

7

1,020

27,002

NET CURRENT ASSETS/(LIABILITIES)

76,700

(23,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

848,322

748,774

CREDITORS

Amounts falling due after more than one year

8

(592,089

)

(574,870

)

PROVISIONS FOR LIABILITIES

11

(28,228

)

(28,228

)

NET ASSETS

228,005

145,676

CAPITAL AND RESERVES

Called up share capital

2

1

Share premium

12

104,999

-

Retained earnings

12

123,004

145,675

SHAREHOLDERS' FUNDS

228,005

145,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 28 November 2025 and were signed by:

S Tan - Director

1.	STATUTORY INFORMATION

Etatt 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.

The financial statements are presented in pounds sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgement and estimates have been made include:

a - Critical judgements in applying accounting policies

There are no critical judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

b - Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have the most significant potential impact upon the carrying values of assets and liabilities within the next financial year are as follows;

i- Investment property valuation

The valuation of Company's property is inherently subjective due to, among other factors, the individual nature of each property, its location and the expected future rental revenues from that particular property. As a result, the valuations the Company places on its property portfolio are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of volatility or low transaction flow in the property market.

The investment property valuations contains a number of assumptions upon which the Company's valuers have based their valuation of the Company's properties as at the balance sheet date. The assumptions on which the property valuation reports have been based include, but not limited to, matters such as the tenure and tenancy details for the properties, ground conditions at the properties, the structural condition of the properties, prevailing market yields and comparable market transactions. These assumptions are market standard and accord with the Royal Institution of Chartered Surveyors (RICS).

TURNOVER

Revenue relates to property rental income within the UK.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

15% on reducing balance

INVESTMENT PROPERTY

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Revaluations are carried out by the director, who have experience in the location and class of the investment property being valued.

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.

GOING CONCERN

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

9,257

DEPRECIATION

At 1 March 2024

5,150

Charge for year

616

At 28 February 2025

5,766

NET BOOK VALUE

At 28 February 2025

3,491

At 29 February 2024

4,107

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

768,131

NET BOOK VALUE

At 28 February 2025

768,131

At 29 February 2024

768,131

Fair value at 28 February 2025 is represented by:

£

Valuation in 2020

135,657

Cost

632,474

768,131

The investment properties are shown at current market value. The valuation has been made by Mr S Tan, the director of the company. The basis of valuation used was to gross up the ground rent and rental income by the rate of return expected from the type of property owned. The director considers that there were no material changes to the fair value in the year to 28 February 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Amounts owed by group undertakings

74,909

-

Prepayments

1,563

1,529

76,472

1,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Amounts owed to group undertakings

-

23,591

Tax

-

2,565

Accrued expenses

1,020

846

1,020

27,002

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans (see note 9)

592,089

574,870

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

592,089

574,870

9.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

29.2.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

592,089

574,870

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

592,089

574,870

11.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

28,228

28,228

Deferred

tax

£

Balance at 1 March 2024

28,228

Balance at 28 February 2025

28,228

Deferred tax has been provided for potential tax liabilities arising on the capital gains of revalued investment property.

12.

RESERVES

The profit and loss reserve contained the cumulative balance of retained profit and losses as well as investment property revaluations since the company started trading. It is made up of distributable and non-distributable reserves.

At the balance sheet date, total reserves consisted of £13,123 (2024: £35,793) distributable reserves and £109,882 (2024: £109,882) non-distributable.

13.	CONTROLLING PARTY

TT Redwood Limited, a company incorporated in England and Wales has controlling interest in the company . The controlling party is Mr S Tan by virtue of his 100% shareholding in TT Redwood Limited.