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REGISTERED NUMBER: 00740086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

EGER PROPERTIES LIMITED

EGER PROPERTIES LIMITED (REGISTERED NUMBER: 00740086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EGER PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs F R Lerner
C Lerner
I M Lerner





SECRETARY: Mrs F R Lerner





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 00740086 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

EGER PROPERTIES LIMITED (REGISTERED NUMBER: 00740086)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 4,148,998 4,148,998

CURRENT ASSETS
Debtors 5 2,686,394 2,771,413
Cash at bank and in hand 2,302 6,797
2,688,696 2,778,210
CREDITORS
Amounts falling due within one year 6 (46,022 ) (117,185 )
NET CURRENT ASSETS 2,642,674 2,661,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,791,672

6,810,023

CREDITORS
Amounts falling due after more than one
year

7

(2,179,945

)

(2,202,086

)

PROVISIONS FOR LIABILITIES (547,354 ) (547,354 )
NET ASSETS 4,064,373 4,060,583

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 3,219,732 3,219,732
Retained earnings 10 844,541 840,751
SHAREHOLDERS' FUNDS 4,064,373 4,060,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EGER PROPERTIES LIMITED (REGISTERED NUMBER: 00740086)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:




C Lerner - Director



I M Lerner - Director


EGER PROPERTIES LIMITED (REGISTERED NUMBER: 00740086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Eger Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represent net rent receivable excluding value added tax.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 4,148,998
NET BOOK VALUE
At 30 June 2024 4,148,998
At 30 June 2023 4,148,998

EGER PROPERTIES LIMITED (REGISTERED NUMBER: 00740086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 1992 316,707
Valuation in 2016 1,920,065
Valuation in 2017 982,960
Cost 929,266
4,148,998

The fair value of investment properties were assessed to be unchanged by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 8,359 8,359
Other debtors 2,678,035 2,763,054
2,686,394 2,771,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,489 1,491
Taxation and social security 9,173 80,334
Other creditors 35,360 35,360
46,022 117,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 2,179,945 2,202,086

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other loans 1,472,114 1,472,114

The company's investment properties are charged to Mount Street Mortgage Servicing Limited on behalf of LV Commercial Mortgages Ltd.

Farcastle Ltd, an associated company is the borrower and Eger Properties Limited and other associated companies are guarantors.

EGER PROPERTIES LIMITED (REGISTERED NUMBER: 00740086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary Shares £1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 840,751 3,219,732 4,060,483
Profit for the year 3,790 3,790
At 30 June 2024 844,541 3,219,732 4,064,273

11. RELATED PARTY DISCLOSURES

Other debtors include £2,632,300(2023 - £2,621,870) due from associated company Farcastle Ltd.

During the year the company paid management fees to Earlward Limited(I M Lerner is the director) in the sum of £13,000 (2023 - £15,200).

Included in the creditors due more than one year is the sum of £729,972 (2023 - £729,972) due to Creston Ltd a company where Mr C & Mrs F R Lerner are directors and shareholders

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr C Lerner & Mrs F R Lerner.