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Company Registration No. 13233082 (England and Wales)
Eaglestone Bays Ltd Unaudited accounts for the year ended 31 May 2023
Eaglestone Bays Ltd Unaudited accounts Contents
Page
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Eaglestone Bays Ltd Company Information for the year ended 31 May 2023
Directors
Oliver Banks Timothy Coen
Company Number
13233082 (England and Wales)
Registered Office
ONE BREWARY WHARF WATERLOO STREET LEEDS LS10 1GX ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Eaglestone Bays Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,257,850 
159,588 
Current assets
Cash at bank and in hand
325,034 
416,531 
Creditors: amounts falling due within one year
(2,395,718)
(555,691)
Net current liabilities
(2,070,684)
(139,160)
Total assets less current liabilities
187,166 
20,428 
Provisions for liabilities
Deferred tax
(21,273)
- 
Net assets
165,893 
20,428 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
90,690 
- 
Profit and loss account
75,202 
20,427 
Shareholders' funds
165,893 
20,428 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by
Timothy Coen Director Company Registration No. 13233082
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Eaglestone Bays Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Eaglestone Bays Ltd is a private company, limited by shares, registered in England and Wales, registration number 13233082. The registered office is ONE BREWARY WHARF, WATERLOO STREET, LEEDS, LS10 1GX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 June 2022
159,588 
Additions
1,986,299 
Revaluations
111,963 
At 31 May 2023
2,257,850 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
2,257,850 
At 31 May 2022
159,588 
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Eaglestone Bays Ltd Notes to the Accounts for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,137 
- 
Amounts owed to group undertakings and other participating interests
2,375,403 
549,999 
Taxes and social security
18,278 
4,792 
Accruals
900 
900 
2,395,718 
555,691 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Transactions with related parties
Residential Real Estate Global Ltd The company is a 100% subsidiary of Residential Real Estate Global Ltd. At the balance sheet date the amount due to Residential Real Estate Global Ltd was £2,375,403 (2022: £549,999).
8
Controlling party
The company's parent company is Residential Real Estate Global Ltd, a company incorporated in England and Wales. For the year ended 31 May 2023 Residential Real Estate Global Ltd was controlled by Timothy Coen and Oliver Banks.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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