IRIS Accounts Production v24.3.0.553 03290047 Board of Directors 1.5.23 30.4.24 30.4.24 29.1.25 0 0 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032900472023-04-30032900472024-04-30032900472023-05-012024-04-30032900472022-04-30032900472022-05-012023-04-30032900472023-04-3003290047ns15:EnglandWales2023-05-012024-04-3003290047ns14:PoundSterling2023-05-012024-04-3003290047ns10:Director12023-05-012024-04-3003290047ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003290047ns10:SmallEntities2023-05-012024-04-3003290047ns10:Audited2023-05-012024-04-3003290047ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003290047ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003290047ns10:FullAccounts2023-05-012024-04-3003290047ns10:Director22023-05-012024-04-3003290047ns10:RegisteredOffice2023-05-012024-04-3003290047ns5:CurrentFinancialInstruments2024-04-3003290047ns5:CurrentFinancialInstruments2023-04-3003290047ns5:ShareCapital2024-04-3003290047ns5:ShareCapital2023-04-3003290047ns5:CostValuation2023-04-30
REGISTERED NUMBER: 03290047 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WEST INDIA QUAY DEVELOPMENT COMPANY
(EASTERN) LIMITED

WEST INDIA QUAY DEVELOPMENT COMPANY
(EASTERN) LIMITED (REGISTERED NUMBER: 03290047)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEST INDIA QUAY DEVELOPMENT COMPANY
(EASTERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: L. Hadjiioannou
C. Christou





REGISTERED OFFICE: 4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 03290047 (England and Wales)





AUDITORS: Numera Partners LLP
Statutory Auditors
4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ

WEST INDIA QUAY DEVELOPMENT COMPANY
(EASTERN) LIMITED (REGISTERED NUMBER: 03290047)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4 4

CURRENT ASSETS
Debtors 5 2 2

CREDITORS
Amounts falling due within one year 6 4 4
NET CURRENT LIABILITIES (2 ) (2 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2

2

CAPITAL AND RESERVES
Called up share capital 2 2
SHAREHOLDERS' FUNDS 2 2

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 29 January 2025 and were signed on its behalf by:





L. Hadjiioannou - Director


WEST INDIA QUAY DEVELOPMENT COMPANY
(EASTERN) LIMITED (REGISTERED NUMBER: 03290047)

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

1. STATUTORY INFORMATION

West India Quay Development Company (Eastern) 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 (£) and rounded to the nearest £.

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.

Investments in subsidiaries
Investments in subsidiaries are carried at cost less impairment. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

Financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including loans from group companies are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial assets
Short term debtors are measured at transaction price, less any impairment. Other financial assets, including loans to group companies are measured initially at fair value, net of transactions costs and are subsequently measured at amortised cost using the effective interest method, less any impairment.

Related parties
The company has taken advantage of FRS 102, Section 1AC.35, for the disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member. Amounts owed to and from group companies are therefore shown in aggregate.

Going concern
The directors have considered the company's performance as well as forecasts and projections for the next 12 months from the date of this report and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to prepare its financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 4
NET BOOK VALUE
At 30 April 2024 4
At 30 April 2023 4

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 2 2

WEST INDIA QUAY DEVELOPMENT COMPANY
(EASTERN) LIMITED (REGISTERED NUMBER: 03290047)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings 4 4

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Giles Cohen (Senior Statutory Auditor)
for and on behalf of Numera Partners LLP

8. CONTINGENT LIABILITIES

The company is part of an omnibus guarantee and set off agreement for securing all monies due or to become due from certain group companies which at 30 April 2024 amounted to £163.35m.

9. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year is an amount of £2 (2023: £2) owed by group undertakings.

Included in creditors due within one year is an amount of £4 (2023: £4) owed to group undertakings.

Amounts outstanding between group companies arise by virtue of financing transactions. These amounts are unsecured, interest free and due within one year.

10. PARENT COMPANY

The immediate parent companies are West India Quay (Eastern) Limited and WIQ Hotel Corporation Limited. The company's accounts are consolidated in the accounts of Yianis Docklands Hotels 1 Limited, incorporated in Great Britain. Its registered office address is 4th Floor, Charles House, 108-110 Finchley Road, London, NW3 5JJ. Its principal place of business is Canary Riverside, 50 Westferry Circus, Canary Wharf, London, E14 8RR. The ultimate parent undertaking is Yianis Holdings TC Limited, incorporated in BVI.