EAGLE CREST GLOBAL ENTERPRISE LTD
Registered number: 14742909
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 136,500
Current assets
Cash at bank and in hand 3,760
Creditors: amounts falling due within one year 4 (3,569)
Net current assets/(liabilities) 191
Total assets less current liabilities 136,691
Creditors: amounts falling due after more than one year 5 (136,500)
Net assets/(liabilities) 191
Capital and reserves
Called up share capital 2
Profit and loss account 189
Shareholder's funds 191
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Godwin Babatunde Okoturo
Director
Approved by the board on 11 July 2024
EAGLE CREST GLOBAL ENTERPRISE LTD
Notes to the Accounts
for the period from 20 March 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property Valuation
Properties, are stated at cost and included in fixed assets. If the properties are to be revalued in future, this will be disclosed in fixed assests in the Balance Sheet and the revaluation reserve.
In line with FRS102, properties are subject to an annual impairment review. If properties have suffered impairment, the fall in value to the recoverable amount is recognised in the Statement of Comprehensive Income.

.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 136,500
At 31 March 2024 136,500
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 136,500
4 Creditors: amounts falling due within one year 2024
£
Interest Payable 2,887
Taxation and social security costs 46
Other creditors 636
3,569
5 Creditors: amounts falling due after one year 2024
£
Other creditors 136,500
6 Other information
EAGLE CREST GLOBAL ENTERPRISE LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
EAGLE CREST GLOBAL ENTERPRISE LTD 14742909 false 2023-03-20 2024-03-31 2024-03-31 VT Final Accounts April 2022 Godwin Babatunde Okoturo No description of principal activity 14742909 2023-03-20 2024-03-31 14742909 bus:PrivateLimitedCompanyLtd 2023-03-20 2024-03-31 14742909 bus:AuditExemptWithAccountantsReport 2023-03-20 2024-03-31 14742909 bus:Director40 2023-03-20 2024-03-31 14742909 1 2023-03-20 2024-03-31 14742909 2 2023-03-20 2024-03-31 14742909 countries:England 2023-03-20 2024-03-31 14742909 bus:FRS102 2023-03-20 2024-03-31 14742909 bus:FullAccounts 2023-03-20 2024-03-31 14742909 2024-03-31 14742909 core:WithinOneYear 2024-03-31 14742909 core:AfterOneYear 2024-03-31 14742909 core:ShareCapital 2024-03-31 14742909 core:RetainedEarningsAccumulatedLosses 2024-03-31 14742909 2023-03-19 iso4217:GBP xbrli:pure