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REGISTERED NUMBER: 07148828 (England and Wales)















Unaudited Financial Statements for the Year Ended 1 March 2024

for

EGH Investments Limited

EGH Investments Limited (Registered number: 07148828)






Contents of the Financial Statements
for the Year Ended 1 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EGH Investments Limited

Company Information
for the Year Ended 1 March 2024







DIRECTOR: I D Black





REGISTERED OFFICE: Elm Grove House 44 Parkgate Road
Neston
Cheshire
CH64 6QG





REGISTERED NUMBER: 07148828 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

EGH Investments Limited (Registered number: 07148828)

Balance Sheet
1 March 2024

1.3.24 1.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,836,704 1,836,704

CURRENT ASSETS
Debtors 5 - 1,200
Cash at bank 1,257 101,517
1,257 102,717
CREDITORS
Amounts falling due within one year 6 725,965 758,547
NET CURRENT LIABILITIES (724,708 ) (655,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,111,996

1,180,874

CREDITORS
Amounts falling due after more than one
year

7

(961,153

)

(991,511

)

PROVISIONS FOR LIABILITIES (21,823 ) -
NET ASSETS 129,020 189,363

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 8 165,699 165,699
Retained earnings (37,179 ) 23,164
129,020 189,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 March 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.

EGH Investments Limited (Registered number: 07148828)

Balance Sheet - continued
1 March 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 Income Statement has not been delivered.

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





I D Black - Director


EGH Investments Limited (Registered number: 07148828)

Notes to the Financial Statements
for the Year Ended 1 March 2024

1. STATUTORY INFORMATION

EGH Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents rental income recognised on a receivable basis.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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


EGH Investments Limited (Registered number: 07148828)

Notes to the Financial Statements - continued
for the Year Ended 1 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 2 March 2023
and 1 March 2024 1,836,704
NET BOOK VALUE
At 1 March 2024 1,836,704
At 1 March 2023 1,836,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.3.24 1.3.23
£    £   
Trade debtors - 1,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.3.24 1.3.23
£    £   
Bank loans and overdrafts 63,845 83,452
Trade creditors 6,927 -
Other creditors 655,193 675,095
725,965 758,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
1.3.24 1.3.23
£    £   
Bank loans 961,153 991,511

EGH Investments Limited (Registered number: 07148828)

Notes to the Financial Statements - continued
for the Year Ended 1 March 2024

8. RESERVES
Revaluation
reserve
£   
At 2 March 2023
and 1 March 2024 165,699