Etwest Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01733656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ETWEST PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Askar

L Roofeh

SECRETARY:

A Askar

REGISTERED OFFICE:

55 Baker Street

London

W1U 7EU

REGISTERED NUMBER:

01733656 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

2

2

2

2

CURRENT ASSETS

Debtors

6

32,729

26,250

Investments

7

174,584

195,585

Cash at bank

13,923

-

221,236

221,835

CREDITORS

Amounts falling due within one year

8

31,459

747

NET CURRENT ASSETS

189,777

221,088

TOTAL ASSETS LESS CURRENT LIABILITIES

189,779

221,090

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

189,679

220,990

SHAREHOLDERS' FUNDS

189,779

221,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 and authorised for issue on 28 September 2021 and were signed on its behalf by:

S Askar - Director

1.	STATUTORY INFORMATION

Etwest 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Etwest Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements as the group it heads qualifies as a small group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on cost

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 taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Valuation of investments

Investments held as fixed assets are stated at cost less any provision for impairment. Investments held as current assets are stated at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2020

and 31 December 2020

1,034

DEPRECIATION

At 1 January 2020

and 31 December 2020

1,034

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2020

and 31 December 2020

2

NET BOOK VALUE

At 31 December 2020

2

At 31 December 2019

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ombeter Properties Limited

Registered office:

Nature of business: Property investment and share dealing

%

Class of shares:

holding

Ordinary

100.00

2020

2019

£

£

Aggregate capital and reserves

204,184

360,535

Loss for the year/period

(132,279

)

(642,620

)

6.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Other debtors

24,701

26,250

2020

2019

£

£

Amounts falling due after more than one year:

Other debtors

8,028

-

Aggregate amounts

32,729

26,250

7.	CURRENT ASSET INVESTMENTS

2020

2019

£

£

Listed investments

174,584

195,585

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

252

Amounts owed to group undertakings

19,937

-

Taxation and social security

8,028

-

Other creditors

3,494

495

31,459

747

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES