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REGISTERED NUMBER: 10302011 (England and Wales)










Eadie Cairns Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Eadie Cairns Limited (Registered number: 10302011)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eadie Cairns Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J Willis
Mrs F E L Willis





SECRETARIES: Mrs R Davidson (Resigned on 15.09.2023)
Mrs A L Exley (Appointed on 15.09.2023)





REGISTERED OFFICE: Unit 7 Gordleton Industrial Park
Hannah Way
Pennington, Lymington
Hampshire
SO41 8JD





REGISTERED NUMBER: 10302011 (England and Wales)

Eadie Cairns Limited (Registered number: 10302011)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 1,808 2,291
Investments 4 200 100
Investment property 5 3,676,277 3,422,567
3,678,285 3,424,958

CURRENT ASSETS
Debtors 6 626,468 586,608
Cash at bank and in hand 33,789 78,151
660,257 664,759
CREDITORS
Amounts falling due within one year 7 (213,139 ) (118,666 )
NET CURRENT ASSETS 447,118 546,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,125,403

3,971,051

CREDITORS
Amounts falling due after more than one year 8 (750,000 ) (750,000 )
NET ASSETS 3,375,403 3,221,051

CAPITAL AND RESERVES
Called up share capital 10 998,000 998,000
Retained earnings 2,377,403 2,223,051
SHAREHOLDERS' FUNDS 3,375,403 3,221,051

Eadie Cairns Limited (Registered number: 10302011)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr J Willis - Director


Eadie Cairns Limited (Registered number: 10302011)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. ACCOUNTING POLICIES

COMPANY INFORMATION
Eadie Cairns Limited is a private company limited by shares incorporated in England and Wales.The registered office is Unit 7, Gordleton Industrial Park, Hannah Way, Pennington, Lymington, Hampshire, England, SO41 8JD.

ACCOUNTING CONVERSION

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

TURNOVER
Turnover represents rent receivable in the period.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% straight line

INVESTMENT PROPERTIES
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

FIXED ASSET INVESTMENTS

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.


Eadie Cairns Limited (Registered number: 10302011)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

1. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity, Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

IMPAIRMENT OF FIXED ASSETS
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss, if any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company.

EMPLOYEE BENEFITS
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

RETIREMENT BENEFITS
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

Eadie Cairns Limited (Registered number: 10302011)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 15,742
Additions 515
At 31 January 2024 16,257
DEPRECIATION
At 1 February 2023 13,451
Charge for year 998
At 31 January 2024 14,449
NET BOOK VALUE
At 31 January 2024 1,808
At 31 January 2023 2,291

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 100
Additions 100
At 31 January 2024 200
NET BOOK VALUE
At 31 January 2024 200
At 31 January 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,422,567
Additions 253,710
At 31 January 2024 3,676,277
NET BOOK VALUE
At 31 January 2024 3,676,277
At 31 January 2023 3,422,567

Eadie Cairns Limited (Registered number: 10302011)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,469 23,490
Other debtors 598,999 563,118
626,468 586,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,567 546
Amounts owed to group undertakings 6,494 6,129
Taxation and social security 12,866 7,335
Other creditors 166,212 104,656
213,139 118,666

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 750,000 750,000

9. LOANS


Loans

Amount falling due between one and five years
Bank loans 1-5 years750,000750,000
750,000750,000

Security for borrowings is provided by way of a bond and floating charge over the assets of company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
998,000 Ordinary 1 998,000 998,000

Eadie Cairns Limited (Registered number: 10302011)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. RELATED PARTY TRANSACTIONS

Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:
2024 2023
Amounts due to related parties £ £

Other related parties 6,494 6,129
Key management personnel 94,812 81,220
101,306 87,349

2024 2023
Amounts due from related parties £ £

Other related parties 568,251 532,898