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REGISTERED NUMBER: 12199777 (England and Wales)




















Financial Statements

for the Year Ended 30 September 2023

for

ETERNAL FLAME LIMITED

ETERNAL FLAME LIMITED (REGISTERED NUMBER: 12199777)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETERNAL FLAME LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Ms Y L Chow





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12199777 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

ETERNAL FLAME LIMITED (REGISTERED NUMBER: 12199777)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,413 8,827
Tangible assets 5 - (1 )
Investment property 6 336,377 440,229
340,790 449,055

CURRENT ASSETS
Debtors 7 5,905 5,523
Cash at bank 206,795 163,704
212,700 169,227
CREDITORS
Amounts falling due within one year 8 (473,058 ) (468,395 )
NET CURRENT LIABILITIES (260,358 ) (299,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,432

149,887

CREDITORS
Amounts falling due after more than one
year

9

(91,872

)

(169,091

)
NET LIABILITIES (11,440 ) (19,204 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (11,540 ) (19,304 )
(11,440 ) (19,204 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ETERNAL FLAME LIMITED (REGISTERED NUMBER: 12199777)

Balance Sheet - continued
30 September 2023


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 10 April 2024 and were signed by:





Ms Y L Chow - Director


ETERNAL FLAME LIMITED (REGISTERED NUMBER: 12199777)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Eternal Flame 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 3 years

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 1 (2022 - 1 ) .

ETERNAL FLAME LIMITED (REGISTERED NUMBER: 12199777)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 22,069
AMORTISATION
At 1 October 2022 13,242
Charge for year 4,414
At 30 September 2023 17,656
NET BOOK VALUE
At 30 September 2023 4,413
At 30 September 2022 8,827

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022 563
Disposals (150 )
At 30 September 2023 413
DEPRECIATION
At 1 October 2022 563
Eliminated on disposal (150 )
At 30 September 2023 413
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 440,229
Disposals (103,852 )
At 30 September 2023 336,377
NET BOOK VALUE
At 30 September 2023 336,377
At 30 September 2022 440,229

ETERNAL FLAME LIMITED (REGISTERED NUMBER: 12199777)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 5,905 5,523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 1,537 184
Taxation and social security 2,715 -
Other creditors 468,806 468,211
473,058 468,395

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Other creditors 91,872 169,091

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Mortgage 91,872 169,091

The mortgage provided by Hampshire Trust Bank Plc Ltd is secured against the freehold interest in the land and property known as 118 Cemetery Road and 56 Jarratt Street by way of a fixed and floating charge.

11. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.