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REGISTERED NUMBER: 02336698 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EASTGATE CENTRE MERCHANTS ASSOCIATION
(BASILDON) LIMITED

EASTGATE CENTRE MERCHANTS ASSOCIATION
(BASILDON) LIMITED (REGISTERED NUMBER: 02336698)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EASTGATE CENTRE MERCHANTS ASSOCIATION
(BASILDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: R Levy
Miss A Doolan
L Spencer


Secretary: L Spencer


Registered office: Eastgate Centre Management Office
Eastgate Business Centre
Southernhay
BASILDON
Essex
SS14 1EB


Registered number: 02336698 (England and Wales)


Senior statutory auditor: Steven Collins


Auditors: Baverstocks Limited
Statutory Auditor
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ


Bankers: Barclays Bank Plc
Barclays Business Centre
2 East Walk
BASILDON
Essex
SS14 1HN

EASTGATE CENTRE MERCHANTS ASSOCIATION
(BASILDON) LIMITED (REGISTERED NUMBER: 02336698)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,182 3,745

Current assets
Debtors 5 14,064 16,078
Cash at bank 50,025 96,925
64,089 113,003
Creditors
Amounts falling due within one year 6 2,858 39,514
Net current assets 61,231 73,489
Total assets less current liabilities 64,413 77,234

Reserves
Income and expenditure account 64,413 77,234
Shareholders' funds 64,413 77,234

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 24 July 2024 and were signed on its behalf by:





L Spencer - Director


EASTGATE CENTRE MERCHANTS ASSOCIATION
(BASILDON) LIMITED (REGISTERED NUMBER: 02336698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. Statutory information

Eastgate Centre Merchants Association (Basildon) Limited is a private company, limited by guarantee , 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 represents the amounts of subscriptions invoiced to members, excluding Value Added Tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 15% on reducing balance
Office Equipment - 15% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

EASTGATE CENTRE MERCHANTS ASSOCIATION
(BASILDON) LIMITED (REGISTERED NUMBER: 02336698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. Tangible fixed assets
Fixtures
Plant and and Office
Machinery Fittings Equipment Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 3,962 4,288 9,951 18,201
Depreciation
At 1 April 2023 3,318 3,122 8,016 14,456
Charge for year 97 175 291 563
At 31 March 2024 3,415 3,297 8,307 15,019
Net book value
At 31 March 2024 547 991 1,644 3,182
At 31 March 2023 644 1,166 1,935 3,745

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade Debtors 1,790 13,037
VAT 9,233 -
Prepayments and Accrued Income 3,041 3,041
14,064 16,078

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation Tax 59 7
VAT - 4,168
Accruals and Deferred Income 2,799 35,339
2,858 39,514

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Steven Collins (Senior Statutory Auditor)
for and on behalf of Baverstocks Limited

8. FRC Ethical Standard - provisions available for small entities

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.