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REGISTERED NUMBER: 03299884 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

EAST END HOLDINGS LTD

EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST END HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: N E Murray
L A Murray
J P Winch





SECRETARY: L A Murray





REGISTERED OFFICE: 12 Conqueror Court
Sittingbourne
Kent
ME10 5BH





BUSINESS ADDRESS: 8 Rushenden Road
Queenborough
Sheerness
Kent
ME11 5HB





REGISTERED NUMBER: 03299884 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,919 5,476
Investments 5 20,000 20,000
23,919 25,476

CURRENT ASSETS
Debtors 6 83,667 85,034
Cash at bank 442 10,440
84,109 95,474
CREDITORS
Amounts falling due within one year 7 114,466 87,920
NET CURRENT (LIABILITIES)/ASSETS (30,357 ) 7,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,438

)

33,030

CREDITORS
Amounts falling due after more than one
year

8

(30,676

)

(34,837

)

PROVISIONS FOR LIABILITIES (980 ) (1,040 )
NET LIABILITIES (38,094 ) (2,847 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (38,098 ) (2,851 )
SHAREHOLDERS' FUNDS (38,094 ) (2,847 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)

BALANCE SHEET - continued
31 JANUARY 2023


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 25 October 2023 and were signed on its behalf by:





L A Murray - Director


EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

East End 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.

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.

Turnover
Turnover from the rendering of marine contracting is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

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.


EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company's day to day working capital is met through a loan account with the director. She has given her undertaking not to draw down on the loan to the detriment of the company and therefore considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 31,832 5,434 3,150 1,519 41,935
Additions 615 325 - - 940
Disposals (3,850 ) - (1,500 ) (347 ) (5,697 )
At 31 January 2023 28,597 5,759 1,650 1,172 37,178
DEPRECIATION
At 1 February 2022 27,926 5,424 2,253 856 36,459
Charge for year 852 43 175 118 1,188
Eliminated on disposal (2,936 ) - (1,300 ) (152 ) (4,388 )
At 31 January 2023 25,842 5,467 1,128 822 33,259
NET BOOK VALUE
At 31 January 2023 2,755 292 522 350 3,919
At 31 January 2022 3,906 10 897 663 5,476

EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 20,000
NET BOOK VALUE
At 31 January 2023 20,000
At 31 January 2022 20,000

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

Queenborough Marine Welding
Registered office: 12 Conqueror Court, Sittingbourne, Kent, ME12 3DE
Nature of business: Dormant Company
%
Class of shares: holding
Ordinary 100.00
31/7/22 31/7/21
£    £   
Aggregate capital and reserves 123,233 131,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,972 5,955
Amounts owed by group undertakings 76,070 76,070
Other debtors 4,625 3,009
83,667 85,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,785 10,150
Trade creditors - 63
Taxation and social security 804 4,586
Other creditors 99,877 73,121
114,466 87,920

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,676 34,837

EAST END HOLDINGS LTD (REGISTERED NUMBER: 03299884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due over more than 5 yrs by
instalments

8,453

-

9. SECURED DEBTS

The hire purchase/lease debts are secured on the plant and machinery assets to which they relate.

National Westminster Bank Plc held a debenture over all freehold or leasehold properties, all plant and machinery etc, all stocks, shares and other securities, book and other debts, goodwill and licences and all patents and a floating charge over all other property and assets present and future.This charge has now been satisfied.