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Company Registration No. 12060584 (England and Wales)
Ethelbert Road Development Company Ltd Unaudited accounts for the year ended 31 March 2025
Ethelbert Road Development Company Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Ethelbert Road Development Company Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
2,400
Investment property
5
2,579,809
2,579,809
2,579,809
2,582,209
Current assets
Debtors
6
9,950
4,000
Cash at bank and in hand
55,617
50,170
65,567
54,170
Creditors: amounts falling due within one year
7
(1,233,637)
(1,218,947)
Net current liabilities
(1,168,070)
(1,164,777)
Total assets less current liabilities
1,411,739
1,417,432
Creditors: amounts falling due after more than one year
8
(1,268,459)
(1,282,659)
Provisions for liabilities
Deferred tax
(29,902)
(29,902)
Net assets
113,378
104,871
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
112,378
103,871
Shareholders' funds
113,378
104,871
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by
Jonathan Gauld Director Company Registration No. 12060584
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Ethelbert Road Development Company Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Ethelbert Road Development Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 12060584. The registered office is Unit 17 The Foundry Business Park, Seager Road, Faversham, Kent, ME13 7FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Ethelbert Road Development Company Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
25,362
At 31 March 2025
25,362
Depreciation
At 1 April 2024
22,962
Charge for the year
2,400
At 31 March 2025
25,362
Net book value
At 31 March 2025
-
At 31 March 2024
2,400
5
Investment property
2025
£
Fair value at 1 April 2024
2,579,809
At 31 March 2025
2,579,809
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
9,950
4,000
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
13,000
13,000
Trade creditors
465
3,701
Taxes and social security
3,082
534
Other creditors
1,217,090
1,201,712
1,233,637
1,218,947
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,268,459
1,282,659
Bank Loans are secured against the investment property.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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