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REGISTERED NUMBER: 11642607 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2021

for

Easterly Holdings Ltd

Easterly Holdings Ltd (Registered number: 11642607)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Easterly Holdings Ltd

Company Information
for the Year Ended 31 October 2021







DIRECTORS: J D Strawson
Mrs J Strawson





REGISTERED OFFICE: Suite 2
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES





REGISTERED NUMBER: 11642607 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Easterly Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Easterly Holdings Ltd for the year ended 31 October 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Easterly Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Easterly Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Easterly Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easterly Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Easterly Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Easterly Holdings Ltd. You consider that Easterly Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Easterly Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


26 August 2022

Easterly Holdings Ltd (Registered number: 11642607)

Balance Sheet
31 October 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,222 1,608
Investments 5 723,699 633,535
Investment property 6 1,583,340 1,353,490
2,308,261 1,988,633

CURRENT ASSETS
Debtors 7 231,767 155,297
Cash at bank 7,603 61,021
239,370 216,318
CREDITORS
Amounts falling due within one year 8 2,487,990 2,202,007
NET CURRENT LIABILITIES (2,248,620 ) (1,985,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,641

2,944

PROVISIONS FOR LIABILITIES 9,717 -
NET ASSETS 49,924 2,944

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 48,924 1,944
SHAREHOLDERS' FUNDS 49,924 2,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 26 August 2022 and were signed on its behalf by:





J D Strawson - Director


Easterly Holdings Ltd (Registered number: 11642607)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

Easterly Holdings Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income received.

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 - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
Current asset investments are shown at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

Easterly Holdings Ltd (Registered number: 11642607)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2020
and 31 October 2021 1,930
DEPRECIATION
At 1 November 2020 322
Charge for year 386
At 31 October 2021 708
NET BOOK VALUE
At 31 October 2021 1,222
At 31 October 2020 1,608

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 November 2020 633,535
Additions 512,287
Disposals (507,922 )
Revaluations 85,799
At 31 October 2021 723,699
NET BOOK VALUE
At 31 October 2021 723,699
At 31 October 2020 633,535

Cost or valuation at 31 October 2021 is represented by:

Listed
investments
£   
Valuation in 2021 723,699

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2020 1,353,490
Additions 229,850
At 31 October 2021 1,583,340
NET BOOK VALUE
At 31 October 2021 1,583,340
At 31 October 2020 1,353,490

The director's are of the opinion that there has been no material change in the valuation of the investment properties.

Easterly Holdings Ltd (Registered number: 11642607)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 480 600
Other debtors 231,287 154,697
231,767 155,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 7,105 90
Taxation and social security 892 3,440
Other creditors 2,479,993 2,198,477
2,487,990 2,202,007

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000