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REGISTERED NUMBER: 10781045 (England and Wales)



















EAGLECROFT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






EAGLECROFT LIMITED (REGISTERED NUMBER: 10781045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


EAGLECROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr L H Bondi
Mrs H F Bondi
Mr I Heitner
Mrs S Heitner





REGISTERED OFFICE: 479 Holloway Road
London
N 7 6LE





REGISTERED NUMBER: 10781045 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

EAGLECROFT LIMITED (REGISTERED NUMBER: 10781045)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 5,811,736 5,811,736

CURRENT ASSETS
Debtors 6 869,366 1,027,685
Cash at bank 23,736 9,403
893,102 1,037,088
CREDITORS
Amounts falling due within one year 7 60,529 51,185
NET CURRENT ASSETS 832,573 985,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,644,309

6,797,639

CREDITORS
Amounts falling due after more than one
year

8

(4,650,000

)

(4,650,000

)

PROVISIONS FOR LIABILITIES 10 (418,000 ) (418,000 )
NET ASSETS 1,576,309 1,729,639

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 11 1,782,000 1,782,000
Retained earnings (205,692 ) (52,362 )
1,576,309 1,729,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

EAGLECROFT LIMITED (REGISTERED NUMBER: 10781045)

BALANCE SHEET - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mr I Heitner - Director


EAGLECROFT LIMITED (REGISTERED NUMBER: 10781045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Eaglecroft 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 5,811,736
NET BOOK VALUE
At 31 March 2024 5,811,736
At 31 March 2023 5,811,736

EAGLECROFT LIMITED (REGISTERED NUMBER: 10781045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same or similar location.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 847,008 1,007,008
Other debtors 22,358 20,677
869,366 1,027,685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 60,529 51,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,650,000 4,650,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,650,000 4,650,000

The bank loan is secured by a legal charge over one of the company's investment properties.

10. PROVISIONS FOR LIABILITIES

Deferred tax arises from the revaluation of investment properties.

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,782,000

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Itzchok Meyer Cymerman Trust Limited.