ACCOUNTS - Final Accounts preparation

Registered number: 07270388

EDMONDS PROJECTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 SEPTEMBER 2025

EDMONDS PROJECTS LIMITED

REGISTERED NUMBER: 07270388

BALANCE SHEET

AS AT 27 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		4,311,327		5,006,179
Investment property	5		4,875,000		4,875,000
			9,186,327		9,881,179
Current assets
Debtors: amounts falling due within one year	6	32,265		217,770
Cash at bank and in hand	7	77,553		262,644
		109,818		480,414
Creditors: amounts falling due within one year	8	(43,249)		(685,635)
Net current assets/(liabilities)			66,569		(205,221)
Total assets less current liabilities			9,252,896		9,675,958
Provisions for liabilities
Deferred tax	9	(604,425)		(1,085,756)
			(604,425)		(1,085,756)
Net assets			8,648,471		8,590,202

Capital and reserves
Called up share capital	10		307,957		338,797
Share premium account	11		2,969,125		2,969,125
Capital redemption reserve	11		8,152		8,152
Investment property reserve	11		3,087,729		3,087,729
Profit and loss account	11		2,275,508		2,186,399
			8,648,471		8,590,202

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EDMONDS PROJECTS LIMITED

REGISTERED NUMBER: 07270388

BALANCE SHEET (CONTINUED)

AS AT 27 SEPTEMBER 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M R Edmonds	D J Edmonds
Director	Director

Date: 24 November 2025	Date:24 November 2025

The notes on pages 5 to 10 form part of these financial statements.

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		EDMONDS PROJECTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 27 SEPTEMBER 2025

		Called up share capital	Share premium account	Capital redemption reserve	Investment property revaluation reserve	Profit and loss account	Total equity
		£	£	£	£	£	£
	At 28 September 2024	338,797	2,969,125	8,152	3,087,729	2,186,399	8,590,202
	Comprehensive income for the year
	Profit for the year	-	-	-	-	160,058	160,058
	Other comprehensive income for the year	-	-	-	-	-	-
	Total comprehensive income for the year	-	-	-	-	160,058	160,058
	Contributions by and distributions to owners
	Dividends: Equity capital	-	-	-	-	(70,949)	(70,949)
	Shares cancelled during the year	(30,840)	-	-	-	-	(30,840)
	Total transactions with owners	(30,840)	-	-	-	(70,949)	(101,789)
	At 27 September 2025	307,957	2,969,125	8,152	3,087,729	2,275,508	8,648,471

The notes on pages 5 to 10 form part of these financial statements.

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		EDMONDS PROJECTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2024

		Called up share capital	Share premium account	Capital redemption reserve	Investment property revaluation reserve	Profit and loss account	Total equity
		£	£	£	£	£	£
	At 26 October 2023	307,922	3,000,000	8,152	3,531,522	1,931,005	8,778,601
	Comprehensive income for the year
	Loss for the year	-	-	-	-	(188,399)	(188,399)
	Fair value adjustments	-	-	-	-	443,793	443,793
	Other movement type 1	-	-	-	(443,793)	-	(443,793)
	Other comprehensive income for the year	-	-	-	(443,793)	443,793	-
	Total comprehensive income for the year	-	-	-	(443,793)	255,394	(188,399)
	Shares issued during the year	30,875	-	-	-	-	30,875
	Shares redeemed during the year	-	(30,875)	-	-	-	(30,875)
	Total transactions with owners	30,875	(30,875)	-	-	-	-
	At 27 September 2024	338,797	2,969,125	8,152	3,087,729	2,186,399	8,590,202

The notes on pages 5 to 10 form part of these financial statements.

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EDMONDS PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

1.	General information

Edmonds Projects Limited is a private company, limited by shares incorporated in England and Wales. The registered office is 89-91 Constitution Hill, Birmingham, B19 3JY. The Company's registered number is 07270388.
The principal activity of the Company continued to be that of a property and investment holding company.
The functional currency of the Company is Pounds Sterling as this is the currency of the primary economic environment in which the Company operates. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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EDMONDS PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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EDMONDS PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

4.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	At 28 September 2024	5,006,179
	Additions	1,028,600
	Disposals	(1,723,452)
	At 27 September 2025	4,311,327

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EDMONDS PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 28 September 2024	4,875,000
	At 27 September 2025	4,875,000

The 2023 valuations were made by Jones Lang LaSalle Limited, on an open market value for existing use basis.

6.

Debtors

					2025	2024
					£	£


	Amounts owed by related parties	-	180,000
	Other debtors	32,265	37,770
		32,265	217,770

Amounts owed by related parties are interest free and repayable only on demand.

7.	Cash and cash equivalents
					2025	2024
					£	£

	Cash at bank and in hand	77,553	262,644

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EDMONDS PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

8.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Corporation tax	-	140,585
	Other creditors	39,749	539,750
	Accruals and deferred income	3,500	5,300
		43,249	685,635

Amounts owed to related parties are interest free and repayable only on demand.

9.	Deferred taxation

		2025
		£

	At beginning of year	(1,085,756)
	Charged to profit or loss	481,331
	At end of year	(604,425)

	The provision for deferred taxation is made up as follows:
					2025	2024
					£	£

	Accelerated capital allowances	(1,085,756)	(637,890)
	CY movement	481,331	(447,866)
		(604,425)	(1,085,756)

10.	Share capital
					2025	2024
					£	£

		Allotted, called up and fully paid

		552,116 (2024 - 613,796) Ordinary shares of £0.50 each	276,058.00	306,898.00
		63,797 (2024 - 63,797) Employee Ordinary shares of £0.50 each	31,898.50	31,898.50

			307,956.50	338,796.50

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EDMONDS PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 SEPTEMBER 2025

11.

Reserves

Share premium account

This reserve represents the premium paid over par for each of the issued shares.

Capital redemption reserve

This reserve is a non-distributable reserve into which amounts are paid following a redemption or share buyback.

Investment property revaluation reserve

This reserve represents cumulative revaluation movements on investment property.

Profit and loss account

This reserve represents the cumulative profits and losses of the Company after the payment of any dividends or charitable donations.

12.

Related party transactions

The Directors of Edmonds Projects Limited are also the Directors of A Edmonds & Co Limited. During the year rent was charged by Edmonds Projects Limited of £100,000 (2024 - £30,000) to A Edmonds & Co Limited, a management charge of £250,000 (2024 - £200,000) was charged by A Edmonds & Co Limited to Edmonds Projects Limited for managing the investments, and an amount of £35,000 (2024 - £Nil) was paid by A Edmonds & Co Limited to Edmonds Projects Limited as a contribution towards maintenance costs in relation to the property.
The brought forward balance of £779,751 was decreased by £740,000 (2024 - decreased by £1,348,028). The balance due to A Edmonds & Co Limited at the year-end is £39,749 (2024 - £778,723) and is included in Other creditors in note 8.

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