Ebble Developments Limited - Period Ending 2019-03-31

Registration number: 00965021

Ebble Developments Limited

Unaudited Balance Sheet

Year Ended 31 March 2019

Ebble Developments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Ebble Developments Limited

Company Information

Directors

Miss S A Laing 9th Earl of Radnor The Hon P J Pleydell-Bouverie Mrs H Clark

Company secretary

Mrs K Price

Registered office

The Estate Office Longford Castle Salisbury Wiltshire SP5 4ED

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Ebble Developments Limited

(Registration number: 00965021)

Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Current assets
Stocks		1,776,521	1,776,521
Debtors	4	464	420
Cash at bank and in hand		86,687	38,945
		1,863,672	1,815,886
Creditors: Amounts falling due within one year	5	(493,063)	(492,581)
Net assets		1,370,609	1,323,305
Capital and reserves
Called up share capital		50,000	50,000
Profit and loss account		1,320,609	1,273,305
Total equity		1,370,609	1,323,305

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Directors' Report has been taken.

Approved and authorised by the Board on 10 December 2019 and signed on its behalf by:
 

.........................................

9th Earl of Radnor

Director

The notes on pages 3 to 4 form an integral part of these financial statements.

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Ebble Developments Limited

Notes to the Financial Statements

Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital and incorporated in England and Wales.

The address of its registered office is:
The Estate Office
Longford Castle
Salisbury
Wiltshire
SP5 4ED

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Property sales are recognised on completion of contract. Rents are recognised on an accruals basis. Management income is recognised in the period in which services are provided.

The financial statements do not recognise as income or expenditure the costs incurred by the company and recharged in their capacity as management contractors.

Stocks

Development properties are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost includes all direct costs of acquisition and any subsequent development costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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.

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Ebble Developments Limited

Notes to the Financial Statements

Year Ended 31 March 2019

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2018 - 0).

4

Debtors

	2019 £	2018 £
Other debtors	464	420
	464	420

5

Creditors

	Note	2019 £	2018 £
Due within one year
Trade creditors		432	152
Amounts owed to Viscount Folkestone's 1963 Settlement	6	475,262	475,262
Other creditors		6,125	6,075
Corporation tax		11,244	11,092
		493,063	492,581

6	Related party transactions

The Trustees of Viscount Folkestone's 1963 Settlement control the company. At the balance sheet date the amount due to The Trustees of Viscount Folkestone's 1963 Settlement was £475,262 (2018 - £475,262). The balance due is unsecured, interest free and repayable on demand.
 

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