Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-311falseto act as a member of a LLP2022-04-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12521832 2022-04-01 2023-03-31 12521832 2021-04-01 2022-03-31 12521832 2023-03-31 12521832 2022-03-31 12521832 c:Director1 2022-04-01 2023-03-31 12521832 d:MotorVehicles 2022-04-01 2023-03-31 12521832 d:MotorVehicles 2023-03-31 12521832 d:MotorVehicles 2022-03-31 12521832 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12521832 d:CurrentFinancialInstruments 2023-03-31 12521832 d:CurrentFinancialInstruments 2022-03-31 12521832 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12521832 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12521832 d:ShareCapital 2023-03-31 12521832 d:ShareCapital 2022-03-31 12521832 d:RetainedEarningsAccumulatedLosses 2023-03-31 12521832 d:RetainedEarningsAccumulatedLosses 2022-03-31 12521832 c:OrdinaryShareClass1 2022-04-01 2023-03-31 12521832 c:OrdinaryShareClass1 2023-03-31 12521832 c:OrdinaryShareClass1 2022-03-31 12521832 c:FRS102 2022-04-01 2023-03-31 12521832 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12521832 c:FullAccounts 2022-04-01 2023-03-31 12521832 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12521832 2 2022-04-01 2023-03-31 12521832 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12521832














EASTMOUNT CAPITAL LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
EASTMOUNT CAPITAL LTD
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 6


 
EASTMOUNT CAPITAL LTD
REGISTERED NUMBER:12521832

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,558
28,016

Investments
 5 
3,000,000
3,000,000

  
3,019,558
3,028,016

Current assets
  

Debtors: amounts falling due within one year
 6 
-
13,796

Cash at bank and in hand
  
47,958
19,289

  
47,958
33,085

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,146,442)
(3,073,917)

Net current liabilities
  
 
 
(3,098,484)
 
 
(3,040,832)

Net liabilities
  
(78,926)
(12,816)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(78,927)
(12,817)

  
(78,926)
(12,816)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
EASTMOUNT CAPITAL LTD
REGISTERED NUMBER:12521832
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2024.




A J Keats
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EASTMOUNT CAPITAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Eastmount Capital Ltd is a private limited liability company incorporated in England and Wales. Its principal place of business is at 58 Acacia Road, London, NW8 6AG and its registered offices are at 20 Greenhill Crescent, Watford, Hertfordshire, England, WD18 8JA.

The principal activity of the Company is to act as a member of an LLP. 
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss according to the terms of the agreement.

 
2.3

Finance costs

Finance costs are charged to profit or loss according to the terms of the agreement.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
EASTMOUNT CAPITAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in participating interests are measured at cost less accumulated impairment.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, other third parties, loans to related parties and investments in participating interests.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
EASTMOUNT CAPITAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost


At 1 April 2022
42,290



At 31 March 2023

42,290



Depreciation


At 1 April 2022
14,274


Charge for the year on owned assets
8,458



At 31 March 2023

22,732



Net book value



At 31 March 2023
19,558


5.


Fixed asset investments





Participating interest

£



Cost 


At 1 April 2022
3,000,000



At 31 March 2023
3,000,000





6.


Debtors

2023
2022
£
£

Other debtors
-
13,796


Page 5

 
EASTMOUNT CAPITAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
2,594
2,486

Amounts owed to participating interest
1,567,918
561,442

Other taxation and social security
18,276
-

Other creditors
1,555,171
2,507,515

Accruals and deferred income
2,483
2,474

3,146,442
3,073,917



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 6