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REGISTERED NUMBER: 04217768 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

EASDALE (EMAR) SOCIAL LIMITED

EASDALE (EMAR) SOCIAL LIMITED (REGISTERED NUMBER: 04217768)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EASDALE (EMAR) SOCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: I H Buyukakan
M Koseoglu





REGISTERED OFFICE: 34-40 High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 04217768 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

EASDALE (EMAR) SOCIAL LIMITED (REGISTERED NUMBER: 04217768)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,343,911 1,326,882

CURRENT ASSETS
Debtors 5 6,568 3,644
Cash at bank 17,984 29,187
24,552 32,831
CREDITORS
Amounts falling due within one year 6 155,362 155,109
NET CURRENT LIABILITIES (130,810 ) (122,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,213,101

1,204,604

PROVISIONS FOR LIABILITIES 137,219 137,219
NET ASSETS 1,075,882 1,067,385

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 780,426 780,426
Retained earnings 294,456 285,959
SHAREHOLDERS' FUNDS 1,075,882 1,067,385

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

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

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 19 February 2024 and were signed on its behalf by:





M Koseoglu - Director


EASDALE (EMAR) SOCIAL LIMITED (REGISTERED NUMBER: 04217768)

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


1. STATUTORY INFORMATION

Easdale (EMAR) Social 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents rents receivable on the company's investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 10% on cost
Office equipment- 33.33% on cost

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.

Investment properties
Investment Properties are shown at fair value. Any aggregate surplus or deficit that arises from a change in fair value is recognised in the income statement, net of deferred tax. On an annual basis this surplus or deficit is transferred from retained profits into a separate, non-distributable reserve called the "Revaluation Reserve".

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EASDALE (EMAR) SOCIAL LIMITED (REGISTERED NUMBER: 04217768)

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


4. TANGIBLE FIXED ASSETS
Investment
Investment properties Fixtures
properties short and Office
freehold leasehold fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2022 937,802 385,890 2,570 15,250 1,341,512
Additions - 18,415 - 210 18,625
At 31 October 2023 937,802 404,305 2,570 15,460 1,360,137
DEPRECIATION
At 1 November 2022 - - 2,159 12,471 14,630
Charge for year - - 137 1,459 1,596
At 31 October 2023 - - 2,296 13,930 16,226
NET BOOK VALUE
At 31 October 2023 937,802 404,305 274 1,530 1,343,911
At 31 October 2022 937,802 385,890 411 2,779 1,326,882

Cost or valuation at 31 October 2023 is represented by:

Investment
Investment properties Fixtures
properties short and Office
freehold leasehold fittings equipment Totals
£    £    £    £    £   
Valuation in 2007 422,085 140,389 - - 562,474
Valuation in 2008 (47,400 ) (28,800 ) - - (76,200 )
Valuation in 2011 174,900 68,800 - - 243,700
Valuation in 2014 70,085 - - - 70,085
Valuation in 2017 116,963 - - - 116,963
Valuation in 2020 28,520 6,200 - - 34,720
Valuation in 2021 38,640 - - - 38,640
Valuation in 2022 (49,358 ) (20,310 ) - - (69,668 )
Cost 183,367 238,026 2,570 15,460 439,423
937,802 404,305 2,570 15,460 1,360,137

The Investment properties were valued on an open market basic on 31 October 2023 by the Directors

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,568 3,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,737 6,551
Taxation and social security 2,318 1,851
Other creditors 147,307 146,707
155,362 155,109

7. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 780,426

EASDALE (EMAR) SOCIAL LIMITED (REGISTERED NUMBER: 04217768)

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


8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to the directors of £12,877 (2022: £12,877). This loan is interest free and repayable on demand.

The company's banking facilities are secured by a debenture and legal charge over the freehold and leasehold properties together with personal guarantees limited to £50,000.

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is not under the control of any one individual. 87.5% of the company's share capital is owned by the Easdale Foundation for Labour Research, a Trust whose beneficiaries include persons who are of Turkish descent and members of a Relevant Trade Union. Both directors of the company are trustees of the Trust.