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REGISTERED NUMBER: 01956881 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ETONBROOK LIMITED

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETONBROOK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S P Wantling
Mrs C Wantling
A J Wantling
L S Wantling





SECRETARY: S P Wantling





REGISTERED OFFICE: Kingsland House, 39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL





REGISTERED NUMBER: 01956881 (England and Wales)





ACCOUNTANTS: D.R.E. & Co.
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 82,039 109,291
Investments 6 1,468,235 869,059
Investment property 7 13,260,193 13,657,637
14,810,467 14,635,987

CURRENT ASSETS
Stocks 8 436,995 436,995
Debtors 9 1,619,299 471,367
Cash in hand 4,773,504 5,574,090
6,829,798 6,482,452
CREDITORS
Amounts falling due within one year 10 1,452,513 2,220,477
NET CURRENT ASSETS 5,377,285 4,261,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,187,752

18,897,962

CREDITORS
Amounts falling due after more than one
year

11

(16,113,070

)

(16,049,399

)

PROVISIONS FOR LIABILITIES 14 (38,647 ) (45,824 )
NET ASSETS 4,036,035 2,802,739

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,036,033 2,802,737
SHAREHOLDERS' FUNDS 4,036,035 2,802,739

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

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

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

BALANCE SHEET - continued
31 MARCH 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 22 November 2023 and were signed on its behalf by:





S P Wantling - Director


ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

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

1. STATUTORY INFORMATION

Etonbrook 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised through the income statement.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

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

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Listed investments are included at fair value. Changes in fair value are recognised in the income statement. The fair value is based on the mid-market value at the balance sheet date, as given in the portfolio valuation provided by Rathbones Investment Management Limited, which is based on Stock Exchange values. Provision is made for impairment of listed investments where there is considered to be a permanent diminution in value Investments are listed on either the UK stock exchange, AIM or non-UK stock exchanges.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 11,731 54,676 158,857 6,379 231,643
Additions 1,113 - - 191 1,304
At 31 March 2023 12,844 54,676 158,857 6,570 232,947
DEPRECIATION
At 1 April 2022 5,760 54,676 56,019 5,897 122,352
Charge for year 2,569 - 25,710 277 28,556
At 31 March 2023 8,329 54,676 81,729 6,174 150,908
NET BOOK VALUE
At 31 March 2023 4,515 - 77,128 396 82,039
At 31 March 2022 5,971 - 102,838 482 109,291

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 869,059
Additions 1,134,167
Disposals (534,991 )
At 31 March 2023 1,468,235
NET BOOK VALUE
At 31 March 2023 1,468,235
At 31 March 2022 869,059

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2017 96,193
Valuation in 2018 (49,273 )
Valuation in 2019 (46,920 )
Cost 1,468,235
1,468,235

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

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

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 13,657,637
Additions 500,396
Disposals (897,840 )
At 31 March 2023 13,260,193
NET BOOK VALUE
At 31 March 2023 13,260,193
At 31 March 2022 13,657,637

The property was valued on an fair value basis on 31 March 2016 by the directors.

8. STOCKS
31.3.23 31.3.22
£    £   
Stocks 380,870 380,870
Work-in-progress 56,125 56,125
436,995 436,995

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 401,118 49,383
Amounts owed by related companies 378,479 378,479
Other debtors 835,372 40,875
Prepayments 4,330 2,630
1,619,299 471,367

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 670,522 653,302
Hire purchase contracts (see note 12) 12,304 12,304
Trade creditors 39 -
Amounts owed to related companies - 25,000
Amounts owed to associates 20,000 -
Tax 187,911 391,104
Social security and other taxes 2,562 2,172
VAT 168,488 625,646
Other creditors 21,515 390,021
Directors' current accounts 65,843 66,843
Accruals and deferred income 303,329 54,085
1,452,513 2,220,477

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

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

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other loans - 1-2 years 464,000 464,000
Other loans - 2-5 years 1,228,000 1,228,000
Other loans more 5yrs instal 966,667 1,266,667
Hire purchase contracts (see note 12) 78,700 91,004
Directors Loan Account 13,375,703 12,999,728
16,113,070 16,049,399

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 966,667 1,266,667

The directors' loan accounts are interest free and repayable at the company's discretion.

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 12,304 12,304
Between one and five years 78,700 91,004
91,004 103,308

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year - 17,766
Between one and five years - 26,648
- 44,414

13. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans 3,329,189 3,611,969

The other loan is secured against the property to which it relates

ETONBROOK LIMITED (REGISTERED NUMBER: 01956881)

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

14. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 38,647 45,824

Deferred Deferred
tax tax
£    £   
Balance at 1 April 2022 45,824 22,752
Transferred to profit and loss (7,177 ) -
Balance at 31 March 2023 38,647 22,752

15. RELATED PARTY DISCLOSURES

The company received rent of £25,000 (2022: £45,096) from MVH Limited, a company in which S.P.Wantling
is a director and shareholder.

16. CONTROLLING PARTY

The overall controlling party is Catherine Wantling by vitue of her shareholding of 52% ordinary shares.