Econometric Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04275985

Econometric Limited

Filleted Financial Statements

31 December 2024

Econometric Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		7,376,004	7,331,806

Current assets

Stocks		–	44,676
Debtors	7	583,419	1,135,304
Cash at bank and in hand		492,541	3,557
		-----------	-----------
		1,075,960	1,183,537

Creditors: amounts falling due within one year	8	297,532		381,911
		-----------		-----------
Net current assets			778,428	801,626
			-----------	-----------
Total assets less current liabilities			8,154,432	8,133,432

Creditors: amounts falling due after more than one year	9		34,280	101,214

Provisions

Taxation including deferred tax	347,858	349,988
	-----------	-----------
Net assets	7,772,294	7,682,230
	-----------	-----------

Capital and reserves

Called up share capital	1,000	1,000
Revaluation reserve	2,647,174	2,647,174
Profit and loss account	5,124,120	5,034,056
	-----------	-----------
Shareholders funds	7,772,294	7,682,230
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Econometric Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

Ms K. Holland
Director

Company registration number: 04275985

Econometric Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

Econometric Limited is a private company limited by shares and incorporated in England. Its registered office is 27 Beechcroft Road, Bushey, Herts, WD23 2JU. The financial statements are presented in sterling, which is the functional currency of the company.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director has considered the trading and rental income of the company and has determined that they do not create a material uncertainty that casts doubt upon the entity's ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. In preparing these financial statements the directors have made the following judgements: Assessing the Carrying value of the tangible assets Valuation of investment properties

Revenue recognition

Turnover represents sales of goods and services supplied net of value added tax and trade discounts. Turnover is recognised when the goods are physically delivered or if services or under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Rental income represents the revenue earned from leasing out the property owned by the company. Revenue from rental income is recognised on a straight line basis over the lease term.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred taxation is recognised on on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Investment property

Interests in land and building that are held for its investment potential are classified as investment properties and are stated at fair values at the balance sheet date. Gains or losses arising from changes in fair values of the investment properties are included in the income statement for the period in which they arise. No depreciation is charged on investment properties.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. The pension charges represents the amounts payable by the company to the fund in respect of the year.

4. Turnover

The turnover relates to waste management,sale of plant and machinery and rental income.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	7,245,000	79,278	150,000	7,474,278
Additions	–	25,000	55,995	80,995
	-----------	---------	---------	-----------
At 31 December 2024	7,245,000	104,278	205,995	7,555,273
	-----------	---------	---------	-----------
Depreciation
At 1 January 2024	–	36,500	105,972	142,472
Charge for the year	–	13,556	23,241	36,797
	-----------	---------	---------	-----------
At 31 December 2024	–	50,056	129,213	179,269
	-----------	---------	---------	-----------
Carrying amount
At 31 December 2024	7,245,000	54,222	76,782	7,376,004
	-----------	---------	---------	-----------
At 31 December 2023	7,245,000	42,778	44,028	7,331,806
	-----------	---------	---------	-----------

The investment properties have been measured at fair values by the directors by discounting the rentals or based on values of similar properties in the area. The whole of the change in value shown above relates to freehold properties.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 December 2024	81,038
	--------
At 31 December 2023	45,833
	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	3,100	185,408
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	512,728
Other debtors	580,319	437,168
	---------	-----------
	583,419	1,135,304
	---------	-----------

Other debtors include £140,000 falling due after more than one year.

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	67,031
Trade creditors	22,942	31,076
Amounts owed to group undertakings and undertakings in which the company has a participating interest	44,638	–
Corporation tax	43,430	70,338
Social security and other taxes	11,468	–
Other creditors	175,054	213,466
	---------	---------
	297,532	381,911
	---------	---------

Included in other creditors is £21,418 in respect of hire purchase agreements. The amount is secured by the asset concerned. The bank loans shown above is secured by an unlimited debenture incorporating a fixed and floating charge and a 1st legal charge over one of the freehold properties.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	–	71,860
Other creditors	34,280	29,354
	--------	---------
	34,280	101,214
	--------	---------

Included in other creditors is £34,280 in respect of hire purchase agreements. The amount is secured by the asset concerned. The bank loans shown above is secured by an unlimited debenture incorporating a fixed and floating charge and a 1st legal charge over one of the freehold properties.

10. Business trading address

The company's business is carried out from

AVOCA

Green Lane

Ockham

Woking

Surrey

GU23 6PQ

11. Summary audit opinion

The auditor's report dated 4 December 2025 was unqualified .

The senior statutory auditor was Prashant A Hadani , for and on behalf of Hadleighs .

12. Related party transactions

CHC Commercials Limited is related to the company by virtue of common directorship and shareholding. The amount due to the related company at the year end was £44,638 (2023- £512,728 due from the related company). A3 Waste Management Limited is also related to the company through shareholding by the director's family. The amount due from the A3 Waste Management Limited at the year end was £66,033(2023 - £52,233). Ms K Holland is the sole director and shareholder in the company and maintains a current account with the company. During the year dividend of £35,000 was paid to her. The balance owing to her and family members at the year end was £123,066(2023 - £178,770).The amount was advanced to the company interest free. The company let a property to Mr J Holland, father of Ms K Holland, at arms length for yearly rental of £33,000.

13. Ethical standards

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. Unrealised gains/(losses)

Revaluation reserve of £2,647,174 (2023- £2,647,174) is not available for distribution as it relates to unrealised gains on fair value adjustments to investment properties and deferred tax on unrealised gains.