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REGISTERED NUMBER: 08304634 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Eaton Gate Developments Limited

Eaton Gate Developments Limited (Registered number: 08304634)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eaton Gate Developments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G Merton





REGISTERED OFFICE: Suite 21
6-10 Claremont Road
Surbiton
Surrey
KT6 4QU





REGISTERED NUMBER: 08304634 (England and Wales)





ACCOUNTANT: Austin,Taylor
16 Dover Street
Canterbury
Kent
CT1 3HD

Eaton Gate Developments Limited (Registered number: 08304634)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,080 116,921

CURRENT ASSETS
Debtors 5 227,471 138,791
Cash at bank 494 46,762
227,965 185,553
CREDITORS
Amounts falling due within one year 6 346,451 250,035
NET CURRENT LIABILITIES (118,486 ) (64,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,406

)

52,439

CREDITORS
Amounts falling due after more than one
year

7

16,857

27,508
NET (LIABILITIES)/ASSETS (20,263 ) 24,931

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (20,265 ) 24,929
SHAREHOLDERS' FUNDS (20,263 ) 24,931

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 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 23 August 2024 and were signed by:





G Merton - Director


Eaton Gate Developments Limited (Registered number: 08304634)

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

1. STATUTORY INFORMATION

Eaton Gate Developments 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.

The financial statements have been prepared on the going concern basis, notwithstanding the deficiency of net assets, on the grounds that the director has confirmed the necessary funds will be made available for the company to meet its obligations as and when they fall due.

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.
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

Eaton Gate Developments Limited (Registered number: 08304634)

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 December 2022 121,793 10,649 132,442
Additions - 794 794
At 30 November 2023 121,793 11,443 133,236
DEPRECIATION
At 1 December 2022 4,872 10,649 15,521
Charge for year 2,436 199 2,635
At 30 November 2023 7,308 10,848 18,156
NET BOOK VALUE
At 30 November 2023 114,485 595 115,080
At 30 November 2022 116,921 - 116,921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 145,738 -
Amounts recoverable on contract 48,767 91,363
Other debtors 25,717 24,149
Directors' loan accounts - 9,590
Prepayments 7,249 13,689
227,471 138,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 41,582 10,648
Trade creditors 36,751 76,626
Tax - 2,443
Social security and other taxes 169,072 157,018
Directors' loan accounts 2,857 -
Accruals and deferred income 96,189 3,300
346,451 250,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 16,857 27,508

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 30,934 -
Bank loans 10,648 10,648
41,582 10,648

Eaton Gate Developments Limited (Registered number: 08304634)

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

8. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,209 16,860

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 December 2022 24,929
Deficit for the year (45,194 )
At 30 November 2023 (20,265 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
G Merton
Balance outstanding at start of year 9,590 4,404
Amounts advanced 28,627 42,822
Amounts repaid (41,075 ) (37,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,858 ) 9,590

The loan directors loan is repayable on demand and interest free for prior year. No interest for the current year has been applied to the loan account. The maximum outstanding during the year was £Nil.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Merton.