Eden Fyfe Limited - Accounts to registrar (filleted) - small 18.2

Eden Fyfe Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC636878(Scotland)















Unaudited Financial Statements for the Period 23 July 2019 to 31 October 2019

for

Eden Fyfe Limited

Eden Fyfe Limited (Registered number: SC636878)






Contents of the Financial Statements
for the Period 23 July 2019 to 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eden Fyfe Limited

Company Information
for the Period 23 July 2019 to 31 October 2019







DIRECTOR: Mrs L Bray





REGISTERED OFFICE: H5 Newark Road South
Glenrothes
Fife
KY7 4NS





REGISTERED NUMBER: SC636878(Scotland)






Eden Fyfe Limited (Registered number: SC636878)

Balance Sheet
31 October 2019

Notes £    £   
FIXED ASSETS
Investments 4 489,000

CURRENT ASSETS
Cash at bank 5,253

CREDITORS
Amounts falling due within one year 5 72,712
NET CURRENT LIABILITIES (67,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,541

CREDITORS
Amounts falling due after more than one
year

6

308,477
NET ASSETS 113,064

CAPITAL AND RESERVES
Called up share capital 9 10
Retained earnings 113,054
SHAREHOLDERS' FUNDS 113,064

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 9 October 2020and were signed by:





Mrs L Bray- Director


Eden Fyfe Limited (Registered number: SC636878)

Notes to the Financial Statements
for the Period 23 July 2019 to 31 October 2019

1. STATUTORY INFORMATION

Eden Fyfe Limited is a private company, limited by shares, registered in Scotland. 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.

Going Concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of it's subsidiary company and the director.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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 period was 1.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 489,000
At 31 October 2019 489,000
NET BOOK VALUE
At 31 October 2019 489,000

Eden Fyfe Limited (Registered number: SC636878)

Notes to the Financial Statements - continued
for the Period 23 July 2019 to 31 October 2019

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 7) 28,844
Other loans (see note 7) 17,680
Directors' current accounts 24,780
Accruals and deferred income 1,408
72,712

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 7) 226,157
Other loans (see note 7) 82,320
308,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 110,781

7. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 28,844
Business Loan Scotland 17,680
46,524

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,844
Other loans - 1-2 years 18,771
47,615

Amounts falling due between two and five years:
Bank loans - 2-5 years 86,532
Other loans - 2-5 years 63,549
150,081

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 110,781

Eden Fyfe Limited (Registered number: SC636878)

Notes to the Financial Statements - continued
for the Period 23 July 2019 to 31 October 2019

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 255,001
Business Loan Scotland 100,000
355,001

Handelsbanken holds a bond and floating charge over the whole assets of the company in relation to all sums due or to become due.

Business Loans Scotland Debt Finance L.P. holds a bond and floating charge over the whole assets of the company in relation to all sums due or to become due.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary 1 10

10 Ordinary shares of 1 each were allotted and fully paid for cash at parduring the period.