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REGISTERED NUMBER: 03218049 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2022

for

Eagerreport Limited

Eagerreport Limited (Registered number: 03218049)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eagerreport Limited

Company Information
for the Year Ended 30 June 2022







DIRECTORS: A J Hibbs
Mrs E M Hibbs





SECRETARY: Mrs E M Hibbs





REGISTERED OFFICE: The Old Vicarage
Church Lane
Hanbury
Staffordshire
DE13 8TF





REGISTERED NUMBER: 03218049 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Eagerreport Limited (Registered number: 03218049)

Balance Sheet
30 June 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 493 986
Investments 5 411,734 1
Investment property 6 278,913 278,913
691,140 279,900

CURRENT ASSETS
Debtors 7 2,650,989 2,284,090
Cash at bank 11,434 3,278
2,662,423 2,287,368
CREDITORS
Amounts falling due within one year 8 795,822 352,749
NET CURRENT ASSETS 1,866,601 1,934,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,557,741

2,214,519

CAPITAL AND RESERVES
Called up share capital 2,552,000 2,552,000
Fair value reserve 9 8,626 -
Retained earnings 9 (2,885 ) (337,481 )
SHAREHOLDERS' FUNDS 2,557,741 2,214,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

Eagerreport Limited (Registered number: 03218049)

Balance Sheet - continued
30 June 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





A J Hibbs - Director


Eagerreport Limited (Registered number: 03218049)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Eagerreport 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. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Eagerreport Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of services excluding VAT and is recognised within the period in which the services are supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line at 33.33%

Investments in subsidiaries
Investments in subsidiaries are recognised at cost less any permanent diminution in value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fixed asset investments
Listed investments are valued at their fair value at the balance sheet date and any changes between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Eagerreport Limited (Registered number: 03218049)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2021
and 30 June 2022 2,949
DEPRECIATION
At 1 July 2021 1,963
Charge for year 493
At 30 June 2022 2,456
NET BOOK VALUE
At 30 June 2022 493
At 30 June 2021 986

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2021 1 - 1
Additions - 742,241 742,241
Disposals - (339,134 ) (339,134 )
Revaluations - 8,626 8,626
At 30 June 2022 1 411,733 411,734
NET BOOK VALUE
At 30 June 2022 1 411,733 411,734
At 30 June 2021 1 - 1

If Listed investments had not been revalued they would have been included at a cost of £403,106 (2021: £Nil).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2021
and 30 June 2022 278,913
NET BOOK VALUE
At 30 June 2022 278,913
At 30 June 2021 278,913

Fair value at 30 June 2022 is represented by:
£   
Valuation in 2021 278,913

Eagerreport Limited (Registered number: 03218049)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 278,913 278,913
Aggregate depreciation (16,734 ) (11,156 )

Investment property was valued on a fair value basis on 30 June 2022 by the directors .

7. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 10,800 -
Other debtors 189,573 560
Directors' current accounts 2,013,861 231,725
2,214,234 232,285

Amounts falling due after more than one year:
Other debtors - 2,044,744
Tax 436,755 7,061
436,755 2,051,805

Aggregate amounts 2,650,989 2,284,090

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 9,702 20,551
Amounts owed to group undertakings 304,333 158,651
Tax 434,919 11,367
Social security and other taxes 1,968 -
Other creditors 44,900 46,505
Accrued expenses - 115,675
795,822 352,749

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2021 (337,481 ) - (337,481 )
Profit for the year 343,222 343,222
Revaluation adjustment (8,626 ) 8,626 -
At 30 June 2022 (2,885 ) 8,626 5,741

Eagerreport Limited (Registered number: 03218049)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors maintain loan accounts with the company. At the balance sheet date, the amounts owing from the directors is shown in the debtors note. The amounts are repayable upon demand.