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REGISTERED NUMBER: 10277084 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

EAGLEYED LIMITED

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EAGLEYED LIMITED

COMPANY INFORMATION
for the Year Ended 31ST JULY 2023







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 10277084 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12 12
Investment property 5 4,875,000 5,155,000
4,875,012 5,155,012

CURRENT ASSETS
Debtors 6 1,709,715 1,846,422
Cash at bank 9,624 16,411
1,719,339 1,862,833
CREDITORS
Amounts falling due within one year 7 903,533 1,581,949
NET CURRENT ASSETS 815,806 280,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,690,818

5,435,896

CREDITORS
Amounts falling due after more than one
year

8

4,616,447

4,386,901
NET ASSETS 1,074,371 1,048,995

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,030,245 884,022
Retained earnings 44,026 164,873
1,074,371 1,048,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10th April 2024 and were signed by:





M D E Bayntun - Director


EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2023

1. STATUTORY INFORMATION

Eagleyed 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2022
and 31st July 2023 12
NET BOOK VALUE
At 31st July 2023 12
At 31st July 2022 12

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022 5,155,000
Disposals (255,000 )
Revaluations (25,000 )
At 31st July 2023 4,875,000
NET BOOK VALUE
At 31st July 2023 4,875,000
At 31st July 2022 5,155,000

Fair value at 31st July 2023 is represented by:
£   
Valuation in 2021 1,012,565
Valuation in 2022 63,845
Valuation in 2023 (46,165 )
Cost 3,844,755
4,875,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 3,844,755 4,078,590
Aggregate depreciation (255,950 ) (178,932 )

The investment properties were valued on an open market basis basis on 31st July 2023 by the director of the company .

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 11,090 7,677
Other debtors 9,245 120,205
20,335 127,882

Amounts falling due after more than one year:
Trade debtors 105,548 172,220
Amounts owed by associates 1,583,832 1,546,320
1,689,380 1,718,540

Aggregate amounts 1,709,715 1,846,422

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 48,409 51,520
Trade creditors - 98,001
Amounts owed to associates 8,996 13,021
Taxation and social security 19,153 16,005
Other creditors 826,975 1,403,402
903,533 1,581,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,746,135 1,939,549
Amounts owed to associates 2,664,101 2,190,377
Other creditors 206,211 256,975
4,616,447 4,386,901

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,552,499 1,733,468
Other loans more 5yrs instal 2,488 3,267
1,554,987 1,736,735

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 1,794,544 1,991,069

Cynergy Bank holds charges over the companies leasehold and freehold property.

10. RESERVES
Fair
value
reserve
£   
At 1st August 2022 1,076,410
Transfer between reserves (46,165 )

At 31st July 2023 1,030,245

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

31.7.23 31.7.22
£    £   
M D E Bayntun
Balance outstanding at start of year (17,470 ) (28,313 )
Amounts advanced 852 (212,000 )
Amounts repaid 17,470 222,843
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 852 (17,470 )