2 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05853032 2023-07-01 2024-06-30 05853032 2024-06-30 05853032 2023-06-30 05853032 2022-07-01 2023-06-30 05853032 2023-06-30 05853032 2022-06-30 05853032 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 05853032 bus:RegisteredOffice 2023-07-01 2024-06-30 05853032 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 05853032 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 05853032 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 05853032 bus:Director1 2023-07-01 2024-06-30 05853032 bus:Director4 2023-07-01 2024-06-30 05853032 bus:CompanySecretary1 2023-07-01 2024-06-30 05853032 core:FurnitureFittingsToolsEquipment 2024-06-30 05853032 core:WithinOneYear 2024-06-30 05853032 core:WithinOneYear 2023-06-30 05853032 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05853032 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 05853032 core:AfterOneYear 2024-06-30 05853032 core:AfterOneYear 2023-06-30 05853032 core:ShareCapital 2024-06-30 05853032 core:ShareCapital 2023-06-30 05853032 core:RetainedEarningsAccumulatedLosses 2024-06-30 05853032 core:RetainedEarningsAccumulatedLosses 2023-06-30 05853032 core:ShareCapital 2022-06-30 05853032 core:RetainedEarningsAccumulatedLosses 2022-06-30 05853032 core:PreviouslyStatedAmount core:ShareCapital 2024-06-30 05853032 bus:OrdinaryShareClass1 core:ShareCapital 2024-06-30 05853032 bus:OrdinaryShareClass1 core:ShareCapital 2023-06-30 05853032 bus:OrdinaryShareClass2 core:ShareCapital 2024-06-30 05853032 bus:OrdinaryShareClass2 core:ShareCapital 2023-06-30 05853032 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 05853032 core:Non-currentFinancialInstruments 2024-06-30 05853032 core:Non-currentFinancialInstruments 2023-06-30 05853032 core:FurnitureFittingsToolsEquipment 2023-06-30 05853032 bus:SmallEntities 2023-07-01 2024-06-30 05853032 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05853032 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05853032 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05853032 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 05853032
Eastleaf Limited
Unaudited filleted financial statements
30 June 2024
Eastleaf Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Eastleaf Limited
Directors and other information
Directors Mr Navin Khattar
Mrs Alison Khattar
Secretary Mr Ashok Gupta
Company number 05853032
Registered office 2 Bond Street
Chelmsford
Essex
CM1 1GH
Business address 2 Bond Street
Chelmsford
Essex
CM1 1GH
Accountants VSP Limited
2 Deansway
East Finchley
London
N2 0JF
Eastleaf Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1 1
Investments 6 10,100 10,100
_______ _______
10,101 10,101
Current assets
Stocks 2,900,000 3,000,000
Debtors 7 17,313,609 16,504,209
Cash at bank and in hand 193,141 237,852
_______ _______
20,406,750 19,742,061
Creditors: amounts falling due
within one year 8 ( 9,738,592) ( 9,053,602)
_______ _______
Net current assets 10,668,158 10,688,459
_______ _______
Total assets less current liabilities 10,678,259 10,698,560
Creditors: amounts falling due
after more than one year 9 ( 12,820,181) ( 12,792,500)
_______ _______
Net liabilities ( 2,141,922) ( 2,093,940)
_______ _______
Capital and reserves
Called up share capital 10 100 100
Profit and loss account ( 2,142,022) ( 2,094,040)
_______ _______
Shareholders deficit ( 2,141,922) ( 2,093,940)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 December 2024 , and are signed on behalf of the board by:
Mr Navin Khattar Mrs Alison Khattar
Director Director
Company registration number: 05853032
Eastleaf Limited
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 100 ( 2,153,811) ( 2,153,711)
(Loss)/profit for the year 59,771 59,771
_______ _______ _______
Total comprehensive income for the year - 59,771 59,771
_______ _______ _______
At 30 June 2023 and 1 July 2023 100 ( 2,094,040) ( 2,093,940)
(Loss)/profit for the year ( 47,982) ( 47,982)
_______ _______ _______
Total comprehensive income for the year - ( 47,982) ( 47,982)
_______ _______ _______
At 30 June 2024 100 ( 2,142,022) ( 2,141,922)
_______ _______ _______
Eastleaf Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Bond Street, Chelmsford, Essex, CM1 1GH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents rental income net of value added tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 July 2023 and 30 June 2024 21,449 21,449
_______ _______
Depreciation
At 1 July 2023 and 30 June 2024 21,448 21,448
_______ _______
Carrying amount
At 30 June 2024 1 1
_______ _______
At 30 June 2023 1 1
_______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 July 2023 and 30 June 2024 10,100 10,100
_______ _______
Impairment
At 1 July 2023 and 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 10,100 10,100
_______ _______
At 30 June 2023 10,100 10,100
_______ _______
7. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 17,283,763 16,477,175
Other debtors 29,846 27,034
_______ _______
17,313,609 16,504,209
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Loans 8,653,061 7,848,062
Trade creditors - 17
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,039,909 1,046,835
Other creditors 45,622 158,688
_______ _______
9,738,592 9,053,602
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 12,820,181 12,792,500
_______ _______
10. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary A shares of £ 1.00 each 50 50 50 50
Ordinary B shares of £ 1.00 each 50 50 50 50
_______ _______ _______ _______
100 100 100 100
_______ _______ _______ _______
11. Related Party Transactions
The company has taken advantage of the exemption in FRS8 "Related Party Disclosures" from disclosing transactions with other members of the group.
12. Going Concern
The directors consider that the company will have sufficient funds to operate in the foreseeable future. On this basis, it is appropriate to prepare the financial statements on a going concern basis.