REGISTERED NUMBER: 05762666 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Eden Properties (Midlands) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Cutler

D L Cutler

Mrs G Cutler

Mrs S M Cutler

SECRETARY:

D L Cutler

REGISTERED OFFICE:

Unit 1 Bordesley Hall Farm

Storrage Lane

Alvechurch

Birmingham

West Midlands

B48 7ES

REGISTERED NUMBER:

05762666 (England and Wales)

ACCOUNTANTS:

P. D. Groves Ltd

34 Brisbane Way

Wimblebury

Cannock

Staffordshire

WS12 2GR

FIXED ASSETS

Tangible assets

4

97,046

118,086

Investment property

5

485,500

485,500

582,546

603,586

CURRENT ASSETS

Stocks

3,705,110

4,509,011

Debtors

6

126,399

109,499

Cash at bank and in hand

125,989

134,326

3,957,498

4,752,836

CREDITORS

Amounts falling due within one year

7

2,979,773

3,306,341

NET CURRENT ASSETS

977,725

1,446,495

TOTAL ASSETS LESS CURRENT LIABILITIES

1,560,271

2,050,081

CREDITORS

Amounts falling due after more than one year

8

16,388

42,040

NET ASSETS

1,543,883

2,008,041

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,543,783

2,007,941

SHAREHOLDERS' FUNDS

1,543,883

2,008,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

D L Cutler - Director

1.	STATUTORY INFORMATION

Eden Properties (Midlands) 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.

The accounts are prepared on the going concern basis which assumes the continued financial support of the company's bankers and directors.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Investment property

Investment properties are shown at most recent valuations. Any aggregate surplus of deficit arising from changes in fair values is recognised in the fair value reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

252,470

2,361

28,090

282,921

Additions

410

-

5,520

5,930

At 31 March 2025

252,880

2,361

33,610

288,851

DEPRECIATION

At 1 April 2024

139,058

2,138

23,639

164,835

Charge for year

23,045

223

3,702

26,970

At 31 March 2025

162,103

2,361

27,341

191,805

NET BOOK VALUE

At 31 March 2025

90,777

-

6,269

97,046

At 31 March 2024

113,412

223

4,451

118,086

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

112,850

DEPRECIATION

At 1 April 2024

16,928

Charge for year

16,928

At 31 March 2025

33,856

NET BOOK VALUE

At 31 March 2025

78,994

At 31 March 2024

95,922

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

485,500

NET BOOK VALUE

At 31 March 2025

485,500

At 31 March 2024

485,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

126,399

109,499

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,222,509

1,796,270

Hire purchase contracts (see note 9)

25,652

29,144

Trade creditors

222,521

248,976

Taxation and social security

14,321

13,070

Other creditors

1,494,770

1,218,881

2,979,773

3,306,341

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

16,388

42,040

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

29,464

33,374

Between one and five years

19,229

48,693

48,693

82,067

Finance charges repayable:

Within one year

3,812

4,230

Between one and five years

2,841

6,653

6,653

10,883

Net obligations repayable:

Within one year

25,652

29,144

Between one and five years

16,388

42,040

42,040

71,184

Non-cancellable

operating leases

2025

2024

£

£

Within one year

34,441

35,862

Between one and five years

62,999

30,000

97,440

65,862

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,222,509

1,796,270

Hire purchase contracts

42,040

71,184

1,264,549

1,867,454

The debts are secured by mortgages against either the investment property or land and buildings included in stock at 31 March 2025.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £445,315 (2024 - £280,754) due to A J Cutler and an amount of £148,602 (2024 - £Nil) due to G Cutler. These amounts are unsecured, repayable on demand and are currently interest free.

Included within other creditors is an amount of £378,114 (2024 - £375,114) due to A & D Cutler Limited a company under the control of the directors of Eden Properties (Midlands) Ltd.

Included within other creditors is a loan of £7,795 (2024 - £48,252) from Eden Properties, a partnership where the directors are partners. This amount is unsecured, repayable on demand and currently interest free.

Included within other debtors is an amount of £47,936 due from D L and S M Cutler. This amount was repaid within three months of the year end.