E.I.R.P LIMITED

E.I.R.P LIMITED

E.I.R.P LIMITED - Company Information

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E.I.R.P LIMITED

Company Registration Number:
02904597 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

E.I.R.P LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

E.I.R.P LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 18,924,000 20,443,000
Total fixed assets: 18,924,000 20,443,000
Current assets
Debtors: 4 66,000 94,000
Cash at bank and in hand: 20,754,000 20,004,000
Total current assets: 20,820,000 20,098,000
Creditors: amounts falling due within one year: 5 (644,000) (2,586,000)
Net current assets (liabilities): 20,176,000 17,512,000
Total assets less current liabilities: 39,100,000 37,955,000
Total net assets (liabilities): 39,100,000 37,955,000
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 39,099,000 37,954,000
Shareholders funds: 39,100,000 37,955,000

The notes form part of these financial statements

E.I.R.P LIMITED

Balance sheet statements

For the year ending 31 March 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2020
and signed on behalf of the board by:

Name: G H Dutton
Status: Director

The notes form part of these financial statements

E.I.R.P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the rental income receivable, service and other charges to tenants from investment properties in the United Kingdom. In circumstances where a tenant has been given an incentive to enter into a lease by way of a payment, the incentive is treated as a reduction in rental income and is amortised on a straight-line basis over the period of the lease. Where an incentive is given to a tenant by way of a rent free period, the total rental income receivable is recognised on a straight-line basis from term commencement to the end of the lease.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated in the balance sheet at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual values over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are plant and equipment 20% straight line

Other accounting policies

Investment propertiesInvestment properties are accounted for in accordance with FRS102. Investment properties are initially included in the financial statements at purchase cost and updated to incorporate market valuations annually. Changes in the valuation are taken to the profit and loss account.

E.I.R.P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 3 3

E.I.R.P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 20,541,000
Additions 1,000
Disposals (1,500,000)
At 31 March 2020 19,042,000
Depreciation
At 01 April 2019 98,000
Charge for year 20,000
At 31 March 2020 118,000
Net book value
At 31 March 2020 18,924,000
At 31 March 2019 20,443,000

E.I.R.P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Debtors

Debtors include £59,000 owed by group undertakings which are unsecured and repayable on demand. £59,000 was advanced to and is an interest free amount owed by the company’s parent company, G Dutton Holdings Limited.

E.I.R.P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Creditors: amounts falling due within one year note

Corporation tax £107,000 (2019: £109,000), Other taxation and social security £25,000 (2019: £1,020,000)Other creditors £427,000 (2019: £819,000), Accruals and deferred income £85,000 (2019: £638,000)

E.I.R.P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6. Related party transactions

Name of the related party: G H Dutton
Relationship:
Director
Description of the Transaction: Creditors include an unsecured interest free loan from G H Dutton who is considered to be the ultimate controlling party as a result of his majority shareholding in G Dutton Holdings Limited.
£
Balance at 01 April 2019 819,000
Balance at 31 March 2020 427,000