IRIS Accounts Production v24.1.9.2 04918404 Board of Directors 1.11.22 31.10.23 31.10.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049184042022-10-31049184042023-10-31049184042022-11-012023-10-31049184042021-10-31049184042021-11-012022-10-31049184042022-10-3104918404ns15:EnglandWales2022-11-012023-10-3104918404ns14:PoundSterling2022-11-012023-10-3104918404ns10:Director12022-11-012023-10-3104918404ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104918404ns10:SmallEntities2022-11-012023-10-3104918404ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104918404ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104918404ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104918404ns10:FullAccounts2022-11-012023-10-3104918404ns10:Director22022-11-012023-10-3104918404ns10:CompanySecretary12022-11-012023-10-3104918404ns10:RegisteredOffice2022-11-012023-10-3104918404ns5:CurrentFinancialInstruments2023-10-3104918404ns5:CurrentFinancialInstruments2022-10-3104918404ns5:Non-currentFinancialInstruments2023-10-3104918404ns5:Non-currentFinancialInstruments2022-10-3104918404ns5:ShareCapital2023-10-3104918404ns5:ShareCapital2022-10-3104918404ns5:RevaluationReserve2023-10-3104918404ns5:RevaluationReserve2022-10-3104918404ns5:RetainedEarningsAccumulatedLosses2023-10-3104918404ns5:RetainedEarningsAccumulatedLosses2022-10-3104918404ns5:FurnitureFittings2022-11-012023-10-3104918404ns5:ComputerEquipment2022-11-012023-10-3104918404ns5:FurnitureFittings2022-10-3104918404ns5:ComputerEquipment2022-10-3104918404ns5:FurnitureFittings2023-10-3104918404ns5:ComputerEquipment2023-10-3104918404ns5:FurnitureFittings2022-10-3104918404ns5:ComputerEquipment2022-10-3104918404ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104918404ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104918404ns5:Secured2023-10-3104918404ns5:Secured2022-10-3104918404ns5:RevaluationReserve2022-10-31
REGISTERED NUMBER: 04918404 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Eastwillow Properties Limited

Eastwillow Properties Limited (Registered number: 04918404)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eastwillow Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A K Tohani
V K Tohani





SECRETARY: A K Tohani





REGISTERED OFFICE: C/O City Chartered Accountants
540 5th Floor Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 04918404 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

Eastwillow Properties Limited (Registered number: 04918404)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,285 4,378

CURRENT ASSETS
Stocks 2,416,995 2,000,661
Debtors 5 686,883 658,260
Cash at bank 278,047 453,055
3,381,925 3,111,976
CREDITORS
Amounts falling due within one year 6 (2,468,981 ) (2,224,544 )
NET CURRENT ASSETS 912,944 887,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

925,229

891,810

CREDITORS
Amounts falling due after more than one
year

7

(111,834

)

(154,553

)
NET ASSETS 813,395 737,257

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 97,819 97,819
Retained earnings 715,575 639,437
SHAREHOLDERS' FUNDS 813,395 737,257

Eastwillow Properties Limited (Registered number: 04918404)

Balance Sheet - continued
31 October 2023


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 29 July 2024 and were signed on its behalf by:





A K Tohani - Director


Eastwillow Properties Limited (Registered number: 04918404)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Eastwillow Properties 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.

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 - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Eastwillow Properties Limited (Registered number: 04918404)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 10,682 9,245 19,927
Additions 13,300 - 13,300
At 31 October 2023 23,982 9,245 33,227
DEPRECIATION
At 1 November 2022 8,051 7,498 15,549
Charge for year 4,686 707 5,393
At 31 October 2023 12,737 8,205 20,942
NET BOOK VALUE
At 31 October 2023 11,245 1,040 12,285
At 31 October 2022 2,631 1,747 4,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 3,865 -
Amounts owed by associates 659,918 658,260
Other debtors 23,100 -
686,883 658,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 50,875 63,718
Trade creditors 1 427
Amounts owed to associates 56,090 56,795
Taxation and social security 29,902 27,398
Other creditors 2,332,113 2,076,206
2,468,981 2,224,544

Eastwillow Properties Limited (Registered number: 04918404)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 111,834 154,553

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans 32,974 18,382

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 162,709 218,271

On 2 February 2004, a debenture in favour of the Bank of Scotland was created over the Company's properties and assets.

On 1 April 2004, a legal charge in favour of the Bank of Scotland was created over 71 Digby Road.

On 14 April 2005, a legal charge in favour of the Bank of Scotland was created over Flat 6, 157 Commercial Street and the Company's other properties and assets.

On 25 January 2006, a mortgage in favour of Lloyds TSB was created over Unit 8, Glenmore Business and the Company's other properties and assets.

On 6 June 2007, a mortgage in favour of Lloyds TSB was created over 91 Whitton Road and the Company's other properties and assets.

On 20 November 2009, debenture in favour of Lloyds TSB was created over the Company's properties and assets.

On 24 November 2009, a mortgage in favour of lloyds TSB was created over 55 Tower Hamlets Road and the Company's other properties and assets.

Eastwillow Properties Limited (Registered number: 04918404)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RESERVES
Revaluatio
reserve
£   
At 1 November 2022
and 31 October 2023 97,819

10. RELATED PARTY DISCLOSURES

The Company is a member of Frognal Partners LLP. The Company lent £174,832 to the LLP. At the year end the balance was £127,075 (2022: £120,727).

On behalf of the Company, A K Tohani was a partner in Basingstoke Skylight LLP. The Company lent £174,375 to the LLP. At the year end the balance was £381,276 (2022: £395,428).

On behalf of the Company, A K Tohani was a partner in Slough Skylight LLP. The Company lent £532,575 to the LLP. At the year end the Company owed £56,090 (2022: £56,795).

On behalf of the Company, A K Tohani was a partner in Spondon Investments LLP. The Company lent £178,666 to the LLP. At the year end the balance was £151,567 (2022: £142,105).

At the year end, the Company owed the directors £2,251,905 (2022: £2,029,694).