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COMPANY REGISTRATION NUMBER: 05305847
EASTVIEW PROPERTIES LIMITED
Unaudited Financial Statements
31 December 2023
EASTVIEW PROPERTIES LIMITED
Financial Statements
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
5
EASTVIEW PROPERTIES LIMITED
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Directors
The directors who served the company during the year were as follows:
D Feldman
S Friedman
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 22 October 2024 and signed on behalf of the board by:
S Friedman
Director
Registered office:
Hallswelle House
1 Hallswelle Road
London
NW11 0DH
EASTVIEW PROPERTIES LIMITED
Statement of Income and Retained Earnings
Year ended 31 December 2023
2023
2022
Note
£
£
Rent receivable
8,539
Property outgoings
10,114
3,675
--------
-------
Gross income
( 10,114)
4,864
Administrative expenses
1,744
1,172
--------
-------
Operating (loss)/profit
( 11,858)
3,692
Other interest receivable and similar income
14,917
8,219
Interest payable and similar expenses
122
117
--------
--------
Profit before taxation
4
2,937
11,794
Tax on profit
558
2,241
-------
--------
Profit for the financial year and total comprehensive income
2,379
9,553
-------
--------
Retained earnings at the start of the year
102,014
92,461
---------
---------
Retained earnings at the end of the year
104,393
102,014
---------
---------
All the activities of the company are from continuing operations.
EASTVIEW PROPERTIES LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
136,162
136,162
Investments
6
2
2
---------
---------
136,164
136,164
Current assets
Debtors
7
232,739
217,443
Cash at bank and in hand
59,634
68,606
---------
---------
292,373
286,049
Prepayments and accrued income
240
Creditors: amounts falling due within one year
8
324,142
320,437
---------
---------
Net current liabilities
31,769
34,148
---------
---------
Total assets less current liabilities
104,395
102,016
---------
---------
Net assets
104,395
102,016
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
104,393
102,014
---------
---------
Shareholders funds
104,395
102,016
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EASTVIEW PROPERTIES LIMITED
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
S Friedman
Director
Company registration number: 05305847
EASTVIEW PROPERTIES LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
4. Profit before taxation
Profit before taxation is stated after crediting:
2023
2022
£
£
Interest receivable from group undertakings
( 14,917)
( 8,219)
--------
-------
5. Tangible assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
136,162
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
136,162
---------
At 31 December 2022
136,162
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
2
----
Impairment
At 1 January 2023 and 31 December 2023
----
Carrying amount
At 31 December 2023
2
----
At 31 December 2022
2
----
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
228,021
213,705
Other debtors
4,718
3,738
---------
---------
232,739
217,443
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
7,107
1,075
Accruals and deferred income
4,290
2,631
Corporation tax
2,921
5,585
Other creditors
309,824
311,146
---------
---------
324,142
320,437
---------
---------