EASTGATE COMMERCIAL LIMITED

Company Registration Number:
10929583 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

EASTGATE COMMERCIAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

EASTGATE COMMERCIAL LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 12,320,579 24,109,475
Investments: 4 524,381 213,837
Total fixed assets: 12,844,960 24,323,312
Current assets
Stocks: 4,722,305
Debtors:   1,434,946 891,239
Cash at bank and in hand: 1,224,493 729
Total current assets: 7,381,744 891,968
Creditors: amounts falling due within one year:   (3,959,271) (4,838,981)
Net current assets (liabilities): 3,422,473 (3,947,013)
Total assets less current liabilities: 16,267,433 20,376,299
Creditors: amounts falling due after more than one year: 5 (10,601,182) (13,004,489)
Provision for liabilities: (808,109) (808,109)
Total net assets (liabilities): 4,858,142 6,563,701
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,858,042 6,563,601
Shareholders funds: 4,858,142 6,563,701

The notes form part of these financial statements

EASTGATE COMMERCIAL LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 August 2024
and signed on behalf of the board by:

Name: B Singh
Status: Director

The notes form part of these financial statements

EASTGATE COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EASTGATE COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 2 1

EASTGATE COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 28,087,524
Disposals (11,541,566)
At 31 August 2023 16,545,958
Depreciation
At 01 September 2022 3,978,049
Charge for year 1,902,641
On disposals (1,655,311)
At 31 August 2023 4,225,379
Net book value
At 31 August 2023 12,320,579
At 31 August 2022 24,109,475

EASTGATE COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed investments

Fixed investments relate to appreciating assets held for the medium term that relate to the the motor industry.

EASTGATE COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due after more than one year note

Creditors over 1 year relate to vehicle HP's and specific vehicle loans.