COMPANY REGISTRATION NUMBER:
05305847
EASTVIEW PROPERTIES LIMITED |
|
Filleted Unaudited Financial Statements |
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EASTVIEW PROPERTIES LIMITED |
|
Statement of Financial Position |
|
31 December 2022
Fixed assets
Tangible assets |
4 |
|
136,162 |
136,162 |
Investments |
5 |
|
2 |
2 |
|
|
--------- |
--------- |
|
|
136,164 |
136,164 |
|
|
|
|
|
Current assets
Debtors |
6 |
217,443 |
|
213,704 |
Cash at bank and in hand |
68,606 |
|
61,826 |
|
--------- |
|
--------- |
|
286,049 |
|
275,530 |
|
|
|
|
|
Prepayments and accrued income |
240 |
|
1,134 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
320,365 |
|
320,365 |
|
--------- |
|
--------- |
Net current liabilities |
|
34,076 |
43,701 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
102,088 |
92,463 |
|
|
--------- |
-------- |
Net assets |
|
102,088 |
92,463 |
|
|
--------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
2 |
2 |
Profit and loss account |
|
102,086 |
92,461 |
|
|
--------- |
-------- |
Shareholders funds |
|
102,088 |
92,463 |
|
|
--------- |
-------- |
|
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
EASTVIEW PROPERTIES LIMITED |
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Statement of Financial Position (continued) |
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31 December 2022
These financial statements were approved by the
board of directors
and authorised for issue on
2 April 2024
, and are signed on behalf of the board by:
Company registration number:
05305847
EASTVIEW PROPERTIES LIMITED |
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Notes to the Financial Statements |
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Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tangible assets
|
Land and buildings |
|
£ |
Cost |
|
At 1 January 2022 and 31 December 2022 |
136,162 |
|
--------- |
Depreciation |
|
At 1 January 2022 and 31 December 2022 |
– |
|
--------- |
Carrying amount |
|
At 31 December 2022 |
136,162 |
|
--------- |
At 31 December 2021 |
136,162 |
|
--------- |
|
|
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 January 2022 and 31 December 2022 |
2 |
|
---- |
Impairment |
|
At 1 January 2022 and 31 December 2022 |
– |
|
---- |
|
|
Carrying amount |
|
At 31 December 2022 |
2 |
|
---- |
At 31 December 2021 |
2 |
|
---- |
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6.
Debtors
|
2022 |
2021 |
|
£ |
£ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
213,705 |
210,526 |
Other debtors |
3,738 |
3,178 |
|
--------- |
--------- |
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217,443 |
213,704 |
|
--------- |
--------- |
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|
|
7.
Creditors:
amounts falling due within one year
|
2022 |
2021 |
|
£ |
£ |
Trade creditors |
1,075 |
296 |
Accruals and deferred income |
2,631 |
3,596 |
Corporation tax |
5,585 |
6,201 |
Social security and other taxes |
– |
518 |
Other creditors |
311,074 |
309,754 |
|
--------- |
--------- |
|
320,365 |
320,365 |
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--------- |
--------- |
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