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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
Page
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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
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Eastfields Investments Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,233,609 
1,962,343 
Current assets
Debtors
6,125 
3,292 
Cash at bank and in hand
62,777 
6,026 
68,902 
9,318 
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 
Capital and reserves
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
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Eastfields Investments Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
1,962,343 
Additions
277,735 
Disposals
(6,469)
At 29 February 2024
2,233,609 
The investment properties were valued by the directors on an open market for existing use basis.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,125 
- 
Other debtors
- 
3,292 
6,125 
3,292 
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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 
Accruals
1,080 
1,080 
894,551 
596,253 
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).
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