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
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
Eaglestone Bays Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
2,257,850
159,588
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
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
Eaglestone Bays Ltd
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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
Eaglestone Bays Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
2,375,403
549,999
Taxes and social security
18,278
4,792
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).
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).