E&D Properties Limited - Accounts to registrar (filleted) - small 18.2

E&D Properties Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v20.1.5.71 08253541 Board of Directors 1.11.18 31.10.19 31.10.19 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082535412018-10-31082535412019-10-31082535412018-11-012019-10-31082535412017-10-31082535412017-11-012018-10-31082535412018-10-3108253541ns15:EnglandWales2018-11-012019-10-3108253541ns14:PoundSterling2018-11-012019-10-3108253541ns10:Director12018-11-012019-10-3108253541ns10:PrivateLimitedCompanyLtd2018-11-012019-10-3108253541ns10:SmallEntities2018-11-012019-10-3108253541ns10:AuditExempt-NoAccountantsReport2018-11-012019-10-3108253541ns10:SmallCompaniesRegimeForDirectorsReport2018-11-012019-10-3108253541ns10:SmallCompaniesRegimeForAccounts2018-11-012019-10-3108253541ns10:FullAccounts2018-11-012019-10-3108253541ns10:Director22018-11-012019-10-3108253541ns10:RegisteredOffice2018-11-012019-10-3108253541ns5:CurrentFinancialInstruments2019-10-3108253541ns5:CurrentFinancialInstruments2018-10-3108253541ns5:Non-currentFinancialInstruments2019-10-3108253541ns5:Non-currentFinancialInstruments2018-10-3108253541ns5:ShareCapital2019-10-3108253541ns5:ShareCapital2018-10-3108253541ns5:RetainedEarningsAccumulatedLosses2019-10-3108253541ns5:RetainedEarningsAccumulatedLosses2018-10-3108253541ns5:FurnitureFittings2018-11-012019-10-3108253541ns5:FurnitureFittings2018-10-3108253541ns5:ComputerEquipment2018-10-3108253541ns5:ComputerEquipment2018-11-012019-10-3108253541ns5:FurnitureFittings2019-10-3108253541ns5:ComputerEquipment2019-10-3108253541ns5:FurnitureFittings2018-10-3108253541ns5:ComputerEquipment2018-10-3108253541ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-10-3108253541ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-10-3108253541ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2019-10-3108253541ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2018-10-3108253541ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2019-10-3108253541ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2018-10-3108253541ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2019-10-3108253541ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2018-10-31
REGISTERED NUMBER: 08253541 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 October 2019

for

E&D Properties Limited

E&D Properties Limited (Registered number: 08253541)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E&D Properties Limited

Company Information
for the Year Ended 31 October 2019







DIRECTORS: M Y Din
J S Eddowes





REGISTERED OFFICE: 17 Appleton Court
Calder Park
Wakefield
West Yorkshire
WF2 7AR





REGISTERED NUMBER: 08253541 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
17 Appleton Court
Calder Park
Wakefield
West Yorkshire
WF2 7AR

E&D Properties Limited (Registered number: 08253541)

Balance Sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 254 141
Investment property 5 2,175,001 1,845,356
2,175,255 1,845,497

CURRENT ASSETS
Debtors 6 79,996 3,379
Cash at bank and in hand 81,045 81,185
161,041 84,564
CREDITORS
Amounts falling due within one year 7 273,049 319,951
NET CURRENT LIABILITIES (112,008 ) (235,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,063,247

1,610,110

CREDITORS
Amounts falling due after more than one
year

8

(1,356,639

)

(1,091,089

)

PROVISIONS FOR LIABILITIES (120,250 ) (90,189 )
NET ASSETS 586,358 428,832

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 586,356 428,830
SHAREHOLDERS' FUNDS 586,358 428,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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.

E&D Properties Limited (Registered number: 08253541)

Balance Sheet - continued
31 October 2019


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 on 19 December 2019 and were signed on its behalf
by:





J S Eddowes - Director


E&D Properties Limited (Registered number: 08253541)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

E&D Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, and is recognised when the
company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

E&D Properties Limited (Registered number: 08253541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2018 757 175 932
Additions - 236 236
At 31 October 2019 757 411 1,168
DEPRECIATION
At 1 November 2018 669 122 791
Charge for year 28 95 123
At 31 October 2019 697 217 914
NET BOOK VALUE
At 31 October 2019 60 194 254
At 31 October 2018 88 53 141

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2018 1,845,356
Additions 171,428
Revaluations 158,217
At 31 October 2019 2,175,001
NET BOOK VALUE
At 31 October 2019 2,175,001
At 31 October 2018 1,845,356

The valuation of investment properties were made by the directors on an open market basis as at 31 October
2019. On an historical cost basis these would have been included at an original cost of £1,550,098 ((2018
:£1,378,6699), and aggregate depreciation of £Nil (2018: £Nil).

Fair value at 31 October 2019 is represented by:

£   
Valuation in 2016 1,210,055
Valuation in 2017 115,000
Valuation in 2018 520,301
Valuation in 2019 329,645
2,175,001

E&D Properties Limited (Registered number: 08253541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Trade debtors 830 -
Other debtors 77,634 2,200
Prepayments and accrued income 1,532 1,179
79,996 3,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Bank loans and overdrafts 18,103 24,062
Trade creditors 1,168 2,766
Tax 6,863 9,445
Social security and other taxes 84 56
Other creditors 25,947 21,648
Directors' current accounts 218,664 250,637
Accruals and deferred income 2,220 11,337
273,049 319,951

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.19 31.10.18
£    £   
Bank loans - 1-2 years 18,829 25,143
Bank loans - 2-5 years 61,604 82,406
Bank loans more 5 yr by instal 1,150,006 889,540
Other loans - 1-2 years 126,200 94,000
1,356,639 1,091,089

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,150,006 889,540

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of it's directors.