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31/01/2023
2023-01-31
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No description of principal activities is disclosed
2022-02-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
05015821
2022-02-01
2023-01-31
05015821
2023-01-31
05015821
2022-01-31
05015821
2021-02-01
2022-01-31
05015821
2022-01-31
05015821
2021-01-31
05015821
core:Subsidiary1
2022-02-01
2023-01-31
05015821
bus:RegisteredOffice
2022-02-01
2023-01-31
05015821
bus:OrdinaryShareClass1
2022-02-01
2023-01-31
05015821
bus:LeadAgentIfApplicable
2022-02-01
2023-01-31
05015821
bus:Director1
2022-02-01
2023-01-31
05015821
bus:Director2
2022-02-01
2023-01-31
05015821
bus:Director3
2022-02-01
2023-01-31
05015821
bus:CompanySecretary1
2022-02-01
2023-01-31
05015821
core:WithinOneYear
2023-01-31
05015821
core:WithinOneYear
2022-01-31
05015821
core:FurnitureFittingsToolsEquipment
2022-01-31
05015821
core:FurnitureFittingsToolsEquipment
2023-01-31
05015821
core:AfterOneYear
2023-01-31
05015821
core:AfterOneYear
2022-01-31
05015821
core:RetainedEarningsAccumulatedLosses
2021-02-01
2022-01-31
05015821
core:RetainedEarningsAccumulatedLosses
2022-02-01
2023-01-31
05015821
core:ShareCapital
2023-01-31
05015821
core:ShareCapital
2022-01-31
05015821
core:RetainedEarningsAccumulatedLosses
2023-01-31
05015821
core:RetainedEarningsAccumulatedLosses
2022-01-31
05015821
core:ShareCapital
2021-01-31
05015821
core:RetainedEarningsAccumulatedLosses
2021-01-31
05015821
bus:OrdinaryShareClass1
core:ShareCapital
2023-01-31
05015821
bus:OrdinaryShareClass1
core:ShareCapital
2022-01-31
05015821
core:FurnitureFittingsToolsEquipment
2022-02-01
2023-01-31
05015821
core:CostValuation
core:Non-currentFinancialInstruments
2023-01-31
05015821
core:Non-currentFinancialInstruments
core:ProvisionsForImpairmentInvestments
2023-01-31
05015821
core:Non-currentFinancialInstruments
2023-01-31
05015821
core:Non-currentFinancialInstruments
2022-01-31
05015821
core:FurnitureFittingsToolsEquipment
2022-01-31
05015821
bus:Director1
2022-01-31
05015821
bus:Director1
2023-01-31
05015821
bus:Director2
2022-01-31
05015821
bus:Director2
2023-01-31
05015821
bus:Director3
2022-01-31
05015821
bus:Director3
2023-01-31
05015821
bus:Director1
2021-01-31
05015821
bus:Director1
2022-01-31
05015821
bus:Director2
2021-01-31
05015821
bus:Director2
2022-01-31
05015821
bus:Director3
2021-01-31
05015821
bus:Director3
2022-01-31
05015821
bus:Director1
2021-02-01
2022-01-31
05015821
bus:Director2
2021-02-01
2022-01-31
05015821
bus:Director3
2021-02-01
2022-01-31
05015821
bus:SmallEntities
2022-02-01
2023-01-31
05015821
bus:AuditExempt-NoAccountantsReport
2022-02-01
2023-01-31
05015821
bus:FullAccounts
2022-02-01
2023-01-31
05015821
bus:SmallCompaniesRegimeForAccounts
2022-02-01
2023-01-31
05015821
bus:PrivateLimitedCompanyLtd
2022-02-01
2023-01-31
Company registration number:
05015821
Eastbury Road Limited
Unaudited filleted financial statements
31 January 2023
Eastbury Road Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Eastbury Road Limited
Directors and other information
|
|
|
|
Directors |
Dr Kuldhir Kaur Johal |
|
|
Dr Timothy Michael Burford |
|
|
Dr Mario Di Monaco |
|
|
|
|
|
|
|
Secretary |
Kuldhir Kaur Johal |
|
|
|
|
|
|
|
Company number |
05015821 |
|
|
|
|
|
|
|
Registered office |
Baring Cottage |
|
|
53 Camp Road |
|
|
Gerrards Cross |
|
|
Buckinghamshire |
|
|
SL9 7PG |
|
|
|
|
|
|
|
Accountants |
Nagle James Associates Ltd |
|
|
Amba House, 4th Floor, Kings Suite |
|
|
15 College Road |
|
|
Harrow |
|
|
HA1 1BA |
|
|
|
Eastbury Road Limited
Statement of financial position
31 January 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
4 |
22,767 |
|
|
|
20,146 |
|
|
Investments |
|
5 |
3,250,100 |
|
|
|
3,250,100 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
3,272,867 |
|
|
|
3,270,246 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
1,249,719 |
|
|
|
1,303,242 |
|
|
Cash at bank and in hand |
|
|
4 |
|
|
|
4 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,249,723 |
|
|
|
1,303,246 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
250,561) |
|
|
|
(
256,225) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
999,162 |
|
|
|
1,047,021 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
4,272,029 |
|
|
|
4,317,267 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
2,073,878) |
|
|
|
(
2,236,277) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
313,674) |
|
|
|
(
313,731) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,884,477 |
|
|
|
1,767,259 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
9 |
|
|
3 |
|
|
|
3 |
Fair Value Reserve |
|
10 |
|
|
1,528,777 |
|
|
|
1,528,777 |
Profit and loss account |
|
10 |
|
|
355,697 |
|
|
|
238,479 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,884,477 |
|
|
|
1,767,259 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 October 2023
, and are signed on behalf of the board by:
Dr Kuldhir Kaur Johal
Director
Company registration number:
05015821
Eastbury Road Limited
Statement of changes in equity
Year ended 31 January 2023
|
|
Called up share capital |
|
Fair Value Reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 February 2021 |
|
3 |
|
1,326,277 |
|
160,660 |
1,486,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
310,319 |
310,319 |
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
Non-distributable profit |
|
- |
|
202,500 |
|
(
202,500) |
- |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
202,500 |
|
107,819 |
310,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
30,000) |
(
30,000) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
30,000) |
(
30,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 January 2022 and 1 February 2022 |
|
3 |
|
1,528,777 |
|
238,479 |
1,767,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
147,218 |
147,218 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
147,218 |
147,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
30,000) |
(
30,000) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
30,000) |
(
30,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 January 2023 |
|
3 |
|
1,528,777 |
|
355,697 |
1,884,477 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastbury Road Limited
Notes to the financial statements
Year ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Eastbury Road Limited, Baring Cottage, 53 Camp Road, Gerrards Cross, Buckinghamshire, SL9 7PG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20% reducing balance |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
|
|
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 February 2022 |
233,210 |
233,210 |
|
|
|
|
|
|
Additions |
8,313 |
8,313 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 January 2023 |
241,523 |
241,523 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 February 2022 |
213,064 |
213,064 |
|
|
|
|
|
|
Charge for the year |
5,692 |
5,692 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 January 2023 |
218,756 |
218,756 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 January 2023 |
22,767 |
22,767 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 January 2022 |
20,146 |
20,146 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.
Investments
|
|
Shares in group undertakings and participating interests |
Investment Property |
Total |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 February 2022 and 31 January 2023 |
417,274 |
3,250,000 |
3,667,274 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 February 2022 and 31 January 2023 |
417,174 |
- |
417,174 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 January 2023 |
100 |
3,250,000 |
3,250,100 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2022 |
100 |
3,250,000 |
3,250,100 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
The investment property has been valued by the directors as at 31 January 2022
|
Investments in group undertakings |
|
|
|
|
|
|
|
Registered office |
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
|
|
|
|
|
AAK Properties Limited |
|
Baring Cottage, 53 Camp Road, Gerrards Cross, Bucks, SL9 7PG |
Ordinary Shares |
100 |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
6,764 |
6,764 |
|
Other debtors |
|
1,242,955 |
1,296,478 |
|
|
|
_______ |
_______ |
|
|
|
1,249,719 |
1,303,242 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Other debtors includes advances made to Directors amounting to £987,131 as detailed in note 12. The outstanding balance is repayable on demand and interest at the official rate has been charged.
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
194,663 |
197,263 |
|
Accruals and deferred income |
|
7,248 |
7,022 |
|
Corporation tax |
|
39,199 |
41,941 |
|
Social security and other taxes |
|
9,451 |
6,402 |
|
|
|
_______ |
_______ |
|
|
|
250,561 |
256,225 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
2,073,878 |
2,236,277 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The bank loans is secured by fixed and floating charges over all property and assets of the company.
9.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
0.01 each |
|
300 |
|
3 |
|
300 |
|
3 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
10.
Reserves
Called-up share capital - represents the nominal value of shares that have been issued.Reserves - includes all current and prior period retained profits and losses.
11.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Dr Kuldhir Kaur Johal |
331,256 |
(
17,515) |
313,741 |
|
|
|
|
Dr Timothy Michael Burford |
304,229 |
(
16,067) |
288,162 |
|
|
|
|
Dr Mario Di Monaco |
387,544 |
(
2,316) |
385,228 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
1,023,029 |
(
35,898) |
987,131 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Dr Kuldhir Kaur Johal |
354,307 |
(
23,051) |
331,256 |
|
|
|
|
Dr Timothy Michael Burford |
329,382 |
(
25,153) |
304,229 |
|
|
|
|
Dr Mario Di Monaco |
391,745 |
(
4,201) |
387,544 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
1,075,434 |
(
52,405) |
1,023,029 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
12.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
2023 |
2022 |
2023 |
2022 |
|
|
£ |
£ |
£ |
£ |
|
AAK properties Ltd |
- |
- |
6,764 |
6,764 |
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|