Company Registration No. 11821586 (England and Wales)
Eastfields Investments Limited
Unaudited accounts
for the year ended 29 February 2024
Eastfields Investments Limited
Unaudited accounts
Contents
Eastfields Investments Limited
Company Information
for the year ended 29 February 2024
Directors
B M Cowen
H G Cowen
Company Number
11821586 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Eastfields Investments Limited
Statement of financial position
as at 29 February 2024
Investment property
2,233,609
1,962,343
Cash at bank and in hand
62,777
6,026
Creditors: amounts falling due within one year
(894,551)
(596,253)
Net current liabilities
(825,649)
(586,935)
Total assets less current liabilities
1,407,960
1,375,408
Creditors: amounts falling due after more than one year
(1,276,468)
(1,274,307)
Net assets
131,492
101,101
Called up share capital
100
100
Profit and loss account
131,392
101,001
Shareholders' funds
131,492
101,101
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
B M Cowen
Director
Company Registration No. 11821586
Eastfields Investments Limited
Notes to the Accounts
for the year ended 29 February 2024
Eastfields Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 11821586. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 March 2023
1,962,343
At 29 February 2024
2,233,609
The investment properties were valued by the directors on an open market for existing use basis.
Amounts falling due within one year
Accrued income and prepayments
6,125
-
Eastfields Investments Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,083
4,835
Taxes and social security
8,288
6,082
Other creditors
566,294
88,891
Loans from directors
313,806
495,365
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,276,468
1,274,307
The bank loans are secured by way of a fixed charge over the assets of the company.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).