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REGISTERED NUMBER: 12283113 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

E&A HOLDING LIMITED

E&A HOLDING LIMITED (REGISTERED NUMBER: 12283113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E&A HOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: S E Tang





REGISTERED OFFICE: Aldersyde
The Avenue
Medburn
Newcastle upon Tyne
NE20 0JD





REGISTERED NUMBER: 12283113 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

E&A HOLDING LIMITED (REGISTERED NUMBER: 12283113)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,905 2,721
Investment property 5 227,000 225,500
228,905 228,221

CURRENT ASSETS
Cash at bank 1,774 1,957

CREDITORS
Amounts falling due within one year 6 121,684 132,238
NET CURRENT LIABILITIES (119,910 ) (130,281 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,995

97,940

CREDITORS
Amounts falling due after more than one
year

7

(67,500

)

(67,500

)

PROVISIONS FOR LIABILITIES (5,527 ) (5,152 )
NET ASSETS 35,968 25,288

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 35,966 25,286
SHAREHOLDERS' FUNDS 35,968 25,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

E&A HOLDING LIMITED (REGISTERED NUMBER: 12283113)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





S E Tang - Director


E&A HOLDING LIMITED (REGISTERED NUMBER: 12283113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

E&A Holding 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 as modified by the revaluation of certain assets.

Turnover
Turnover derives from rent due from properties held for investment. Income is recognised on a receivable basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - straight line over 5 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

E&A HOLDING LIMITED (REGISTERED NUMBER: 12283113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 4,080
DEPRECIATION
At 1 March 2023 1,359
Charge for year 816
At 29 February 2024 2,175
NET BOOK VALUE
At 29 February 2024 1,905
At 28 February 2023 2,721

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 225,500
Revaluations 1,500
At 29 February 2024 227,000
NET BOOK VALUE
At 29 February 2024 227,000
At 28 February 2023 225,500

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 227,000

If investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 204,895 204,895

The investment properties were valued on an open market basis on 29 February 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,268 2,286
Taxation and social security 6,515 3,883
Other creditors 112,901 126,069
121,684 132,238

E&A HOLDING LIMITED (REGISTERED NUMBER: 12283113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 67,500 67,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,500 67,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 67,500 67,500

The bank loan is secured against the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1.00 2 2

10. RESERVES

The retained earnings includes £16,578 of non-distributable reserves, which relate to the increase in fair value of the investment properties, less deferred tax, which under FRS102 is recognised through the profit and loss account.

11. RELATED PARTY DISCLOSURES

During the year the director maintained an interest free loan to the company. At 29 February 2024 the balance on the loan was £110,621 (2023: £123,909).