E&D Properties Limited - Accounts to registrar (filleted) - small 18.1

E&D Properties Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 08253541 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2017

for

E&D Properties Limited

E&D Properties Limited (Registered number: 08253541)






Contents of the Financial Statements
for the Year Ended 31 October 2017




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 2017







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 2017

31.10.17 31.10.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209 314
Investment property 5 1,325,055 1,210,055
1,325,264 1,210,369

CURRENT ASSETS
Debtors 6 3,748 11,180
Cash at bank and in hand 86,801 52,935
90,549 64,115
CREDITORS
Amounts falling due within one year 7 294,598 258,992
NET CURRENT LIABILITIES (204,049 ) (194,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,121,215

1,015,492

CREDITORS
Amounts falling due after more than
one year

8

(688,014

)

(681,233

)

PROVISIONS FOR LIABILITIES (77,511 ) (66,774 )
NET ASSETS 355,690 267,485

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 355,688 267,483
SHAREHOLDERS' FUNDS 355,690 267,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 30 November 2017 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 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 .

E&D Properties Limited (Registered number: 08253541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2016
and 31 October 2017 757 175 932
DEPRECIATION
At 1 November 2016 560 58 618
Charge for year 66 39 105
At 31 October 2017 626 97 723
NET BOOK VALUE
At 31 October 2017 131 78 209
At 31 October 2016 197 117 314

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2016 1,210,055
Additions 58,492
Revaluations 56,508
At 31 October 2017 1,325,055
NET BOOK VALUE
At 31 October 2017 1,325,055
At 31 October 2016 1,210,055

The valuation of investment properties were made by the directors on an open market basis as at
31 October 2017. On an historical cost basis these would have been included at an original cost of
£903,992 (2016 :£845,499), and aggregate depreciation of £Nil (2016: £Nil).

Fair value at 31 October 2017 is represented by:

£   
Valuation in 2016 1,210,055
Valuation in 2017 115,000
1,325,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Trade debtors 532 6,357
Other debtors 2,234 4,158
Prepayments and accrued income 982 665
3,748 11,180

E&D Properties Limited (Registered number: 08253541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Bank loans and overdrafts 26,078 22,093
Trade creditors 4,247 18,072
Tax 10,248 464
Social security and other taxes 68 25
Other creditors 27,081 17,313
Directors' current accounts 218,283 199,525
Accruals and deferred income 8,593 1,500
294,598 258,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.17 31.10.16
£    £   
Bank loans - 1-2 years 27,156 22,093
Bank loans - 2-5 years 88,393 66,280
Bank loans more 5 yr by instal 504,465 520,860
Other loans - 1-2 years 68,000 72,000
688,014 681,233

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 504,465 520,860

9. RELATED PARTY DISCLOSURES

During the year the £68,000 (2016: £68,000) was still outstanding to Coretek Consulting Limited,
a company under the common control of Mr M Y Din. E&D Properties Limited also owed £4,000 to
Software Circle Limited a company under the common control of Mr J S Eddowes at the start of the
year, this amount was repaid in full by 31 October 2017..

10. ULTIMATE CONTROLLING PARTY

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