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Company registration number: 11023333
Eastleaf Properties Limited
Unaudited filleted financial statements
30 June 2024
Eastleaf Properties Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Eastleaf Properties Limited
Directors and other information
Directors Mr Navin Khattar
Mrs Alison Claire Khattar
Secretary Mr Ashok Gupta
Company number 11023333
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 Properties Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 5 16,275,000 14,390,000
_______ _______
16,275,000 14,390,000
Current assets
Debtors 6 23,411 18,604
Cash at bank and in hand 29,346 35,105
_______ _______
52,757 53,709
Creditors: amounts falling due
within one year 7 ( 17,362,721) ( 16,555,742)
_______ _______
Net current liabilities ( 17,309,964) ( 16,502,033)
_______ _______
Total assets less current liabilities ( 1,034,964) ( 2,112,033)
_______ _______
Net liabilities ( 1,034,964) ( 2,112,033)
_______ _______
Capital and reserves
Called up share capital 8 10,100 10,100
Profit and loss account ( 1,045,064) ( 2,122,133)
_______ _______
Shareholders deficit ( 1,034,964) ( 2,112,033)
_______ _______
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 Claire Khattar
Director Director
Company registration number: 11023333
Eastleaf Properties Limited
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 10,100 ( 1,796,985) ( 1,786,885)
Profit/(loss) for the year ( 325,148) ( 325,148)
_______ _______ _______
Total comprehensive income for the year - ( 325,148) ( 325,148)
_______ _______ _______
At 30 June 2023 and 1 July 2023 10,100 ( 2,122,133) ( 2,112,033)
Profit/(loss) for the year 1,077,069 1,077,069
_______ _______ _______
Total comprehensive income for the year - 1,077,069 1,077,069
_______ _______ _______
At 30 June 2024 10,100 ( 1,045,064) ( 1,034,964)
_______ _______ _______
Eastleaf Properties 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 received or receivable net of Value Added Tax.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Investments
Other investments other than loans Total
£ £
Cost or valuation
At 1 July 2023 15,350,000 15,350,000
Revaluations 925,000 925,000
_______ _______
At 30 June 2024 16,275,000 16,275,000
_______ _______
Impairment
At 1 July 2023 960,000 960,000
Other movements ( 960,000) ( 960,000)
_______ _______
At 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 16,275,000 16,275,000
_______ _______
At 30 June 2023 14,390,000 14,390,000
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 23,411 18,604
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 63,246 42,522
Amounts owed to group undertakings and undertakings in which the company has a participating interest 17,283,763 16,477,175
Other creditors 15,712 36,045
_______ _______
17,362,721 16,555,742
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 10,100 10,100 10,100 10,100
_______ _______ _______ _______
9. 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.
10. 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.