Registration number:
EV Communities Limited
for the Period from 1 July 2019 to 29 June 2020
EV Communities Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
EV Communities Limited
Company Information
Directors |
Mr Barry Paul Jessup Mr Elliot Stephen Lipton |
Registered office |
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Accountants |
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EV Communities Limited
(Registration number: 03904306)
Balance Sheet as at 29 June 2020
Note |
2020 |
2019 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
5,757,790 |
1 |
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Profit and loss account |
(5,813,507) |
(5,348,001) |
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Shareholders' deficit |
(55,717) |
(5,348,000) |
For the financial period ending 29 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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EV Communities Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2019 to 29 June 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The company was formerly known as Lendlease Communities Limited.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The company made a loss during the period and at the balance sheet date, it had net liabilities. On the basis that the parent company will continue to support the reporting entity for the foreseeable future, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the parent company.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in subsidiaries, joint ventures and associates are stated at cost less impairments. Adjustments are made to the carrying value to reflect the net realisable value of the investment where this differs from cost. Management conducts annual impairment reviews.
EV Communities Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2019 to 29 June 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (excluding directors) during the period, was
Investments |
2020 |
2019 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 July 2019 |
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Impairment |
( |
At 29 June 2020 |
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Carrying amount |
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At 29 June 2020 |
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At 30 June 2019 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
EV Communities Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2019 to 29 June 2020
Undertaking |
Registered office |
Holding |
Proportion of voting rights and ownership |
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2020 |
2019 |
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Associates |
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40 Queen Anne Street,
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Designated member |
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Fleet House
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First Base 4 Stratford LLP is a Designated member |
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Associates |
First Base 4 Stratford LLP The principal activity of First Base 4 Stratford LLP is |
Triathlon Homes LLP The principal activity of Triathlon Homes LLP is |
EV Communities Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2019 to 29 June 2020
Creditors |
Creditors: amounts falling due within one year
Note |
2020 |
2019 |
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Due within one year |
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Loans and borrowings |
- |
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Trade creditors |
- |
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Taxation and social security |
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Other creditors |
- |
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Loans and borrowings |
2020 |
2019 |
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Current loans and borrowings |
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Bank overdrafts |
- |
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