smallAccCompHo_0921.xslt
Company Registration No. 14214818 (England and Wales)
EBY INVESTMENT LTD
Financial Statements
for the Period from 01 August 2024 to 31 July 2025

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
- 1 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Company Information

Company Details
Company Number 14214818
Registered Office 181 NEWPORT ROAD NEW BRADWELL
MILTON KEYNES
MK13 0AL
Directors
Directors who held office during the period were:
Henrietta Ebele NWOSU   
- 2 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Statement of Financial Position

123456789101112
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 621 777
Investment Properties 6 425,000 425,000
Current Assets
Debtors due 7 - 1,852
Cash at bank and in hand 11,362 11,362
11,362 13,214
Creditors
Amount falling due within one year 8 (83,838) (67,549)
Net Current Assets (72,476) (54,335)
Total Assets less current liabilities 353,145 371,442
Creditors due after more than one year 9 (439,641) (439,641)
Net Assets (86,496) (68,199)
Capital and Reserves
Called up Share Capital 10 10
Retained earnings at end of year (86,506) (68,209)
Shareholder funds (86,496) (68,199)
For the year ending 31/07/2025 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 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.
Approved by the Board on 15 October 2026
Henrietta Nwosu
Company Registration No. 14214818
- 3 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

1. Statutory Information
EBY INVESTMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 14214818.
2. Accounting Policies
Basis of preparing the Financial Statements
These financial statements have been prepared in accordance with FRS 102 Section 1A (Small Entities) and the Companies Act 2006, under the historical cost convention as modified by the measurement of investment property at fair value.Going concern: The company holds an investment property valued at £425,000, financed by an interest-only mortgage of £300,353 and by loans from its director. The net liabilities of £86,496 at 31 July 2025 arise because the company owes its director £220,886; excluding these amounts, the company's assets exceed its liabilities. The director has confirmed that she will not seek repayment of these amounts in the foreseeable future and will continue to fund the company's costs, including mortgage interest and the remaining works to the property, until it is let. Surveys of the outstanding works have been arranged with a view to completing them and letting the property. The fixed-rate period of the mortgage ends shortly, and the director has taken the likely cost of a replacement rate into account in her assessment. Having considered the company's position for at least twelve months from the date of approval of these financial statements, the director considers it appropriate to prepare the accounts on a going concern basis.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises rental income receivable, recognised in the period to which it relates. No rental income was receivable in either period, as the property had not yet been let.
- 4 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

Current Tax
Current tax is recognised at the amount expected to be paid or recovered, using the tax rates and laws enacted or substantively enacted at the balance sheet date. No corporation tax charge arises for the year or the previous year, as the company incurred losses and received no rental income.
Tangible Fixed Asset Policy
Tangible fixed assets, other than investment property, are stated at cost less accumulated depreciation. Depreciation is provided on Computer and Equipments at 20% per annum on the reducing balance basis, to write off their cost less estimated residual value over their expected useful lives.
- 5 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

Deferred Tax
Deferred tax is recognised on timing differences between the treatment of items for accounting and tax purposes, to the extent that it is probable that it will be recovered or settled. No deferred tax asset has been recognised in respect of the difference between the tax base and the fair value of the investment property, or in respect of tax losses, as it is not yet sufficiently certain that suitable taxable profits will arise against which they could be used. The position will be reassessed once the property is let.
- 6 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 0
2024 0
4. Principal Activity
The company's principal activity during the year continued to be property investment. The company holds one residential leasehold flat as an investment property intended for letting. The property had not yet been let and no rental income was received in the year. The comparative figures have been restated; see the notes to the financial statements.
- 7 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

5. Fixed Assets
Computer Equipment Total
Cost or valuation £ £
At 01/08/2024 1,220 1,220
Additions - -
At 31/07/2025 1,220 1,220
Depreciation
At 01/08/2024 443 443
Charge for the year 156 156
At 31/07/2025 599 599
Net Book Value
At 31/07/2025 621 621
At 31/07/2024 777 777
- 8 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

6. Investment Properties
2025 2024
£ £
Valuation at 01/08/2024 425,000 425,000
Additions - 10,607
Disposals - -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments - (10,607)
Valuation at 31/07/2025 425,000 425,000
- 9 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

7. Debtors
2025 2024
£ £
Prepayment and accrued income - 1,852
- 1,852
8. Creditors: amount falling due within one year
2025 2024
£ £
Other Creditors 81,598 66,159
Accruals and deferred income 2,240 1,390
83,838 67,549
Creditors Due within one year
Other creditors of £81,598 (2024: £66,159) are amounts owed to the director in respect of company costs she has met personally; these are unsecured, interest-free and have no fixed repayment date. Accruals of £2,240 (2024: £1,390) comprise service charges and council tax relating to the year, and professional fees and penalties from earlier periods which remain unpaid. The 2024 amount owed to the director has been reduced by £194 from the amount previously reported, to remove a depreciation charge incorrectly recorded as owing to her.
- 10 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

9. Creditors: amount falling due after one year
2025 2024
£ £
Bank Loans and overdrafts 300,353 300,353
Other creditors falling due after more than one year 139,288 139,288
439,641 439,641
Creditors Due after one year
The bank loan of £300,353 (2024: £300,353) is an interest-only mortgage secured by a fixed charge over the company's investment property. It is repayable in full at the end of its term, which falls more than five years after the balance sheet date. Other creditors of £139,288 (2024: £139,288) are amounts owed to the director, who funded the deposit and acquisition costs of the property; these are unsecured, interest-free and have no fixed repayment date, and the director does not intend to seek repayment in the foreseeable future.
- 11 -

EBY INVESTMENT LTD

Financial Statements for the period ending 31 July 2025

Notes to the Accounts

10. Directors advances, Credits and Guarantees
No advances or credits were granted by the company to its director, and no guarantees were given on her behalf. Related party transactions: The director, Henrietta Nwosu, funds the company. During the year she paid company costs of £15,439 personally, comprising mortgage interest of £11,611 and service charges of £3,828. At 31 July 2025 the company owed her £220,886 (2024: £205,447), of which £139,288 relates to funding of the property purchase and £81,598 to company costs. These amounts are unsecured, interest-free and have no fixed repayment date.
11. Post Balance Sheet Events
On 24 October 2025 the director paid £3,250 of service charges relating to the 2025/26 service charge year. This relates to a period after the balance sheet date and has not been recognised in these financial statements.
12. Additional Notes
Investment property: The company's leasehold flat is held as an investment property to earn rental income. It is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss, and is not depreciated. The fair value of £425,000 at 31 July 2025 and 31 July 2024 has been determined by the director by reference to the purchase price and comparable sales of similar properties in the locality; no independent valuation has been obtained. Expenditure to bring the property into a condition fit for letting is capitalised. The historical cost of the property, including acquisition costs and capitalised works, is £464,357.Prior period adjustment: The accounts previously filed for the periods ended 31 July 2023 and 31 July 2024 did not recognise the company's expenses in the profit and loss account. Both reported a profit of £nil and retained earnings of £nil, with the expenditure carried instead in fixed assets and prepayments. This treatment was adopted on professional advice, on the basis that the company had not yet received rental income. It is not consistent with FRS 102, because costs relating to periods that have already elapsed are not assets, whether or not rental income has commenced. The error has been corrected in accordance with FRS 102 Section 10 by restating the comparative figures. In addition, expenditure to prepare the property for letting has been capitalised, and the investment property has been measured at fair value at each reporting date.Effect of the restatement: Retained earnings at 1 August 2023, previously reported as £nil, are restated as £(39,284). The loss for the year ended 31 July 2024, previously reported as £nil, is restated as £(28,925). Retained earnings at 31 July 2024, previously reported as £nil, are restated as £(68,209). Net assets at 31 July 2024, previously reported as £10, are restated as net liabilities of £(68,199). All 2024 comparative figures in these financial statements are the restated amounts.The notes to the 2024 accounts also referred to depreciation of £8,903, which did not correspond to any amount in those accounts; it has not been carried forward.
- 12 -