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REGISTERED NUMBER: 12337310 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

EASTCOURT PROPERTIES LIMITED

EASTCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 12337310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTCOURT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D L Pownceby
S J Pownceby





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 12337310 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

EASTCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 12337310)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 796,228 796,228

CURRENT ASSETS
Cash at bank 17,743 8,250

CREDITORS
Amounts falling due within one year 5 22,193 197,805
NET CURRENT LIABILITIES (4,450 ) (189,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,778

606,673

CREDITORS
Amounts falling due after more than one
year

6

(684,428

)

(504,428

)

PROVISIONS FOR LIABILITIES 8 (19,000 ) (19,000 )
NET ASSETS 88,350 83,245

CAPITAL AND RESERVES
Called up share capital 201 201
Fair value reserve 9 81,000 81,000
Retained earnings 7,149 2,044
SHAREHOLDERS' FUNDS 88,350 83,245

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

EASTCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 12337310)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:




D L Pownceby - Director



S J Pownceby - Director


EASTCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 12337310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Eastcourt 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 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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 796,228
NET BOOK VALUE
At 30 November 2023 796,228
At 30 November 2022 796,228

EASTCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 12337310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 50,000
Valuation in 2022 50,000
Cost 696,228
796,228

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 696,228 696,228

Investment property was valued on an open market basis on 30 November 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,136 1,416
Other creditors 2,856 3,952
Directors' current accounts 16,241 191,477
Accruals and deferred income 960 960
22,193 197,805

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgages 504,428 504,428
Directors' loan accounts 180,000 -
684,428 504,428

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 504,428 504,428

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 504,428 504,428

The mortgages are secured against the investment properties to which they relate.

EASTCOURT PROPERTIES LIMITED (REGISTERED NUMBER: 12337310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,000 19,000

Deferred
tax
£   
Balance at 1 December 2022 19,000
Balance at 30 November 2023 19,000

9. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 81,000