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REGISTERED NUMBER: 08071523 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

EYRIE DOWN LIMITED

EYRIE DOWN LIMITED (REGISTERED NUMBER: 08071523)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EYRIE DOWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs J M Eagles
Mr J W Eagles





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW





REGISTERED NUMBER: 08071523 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

EYRIE DOWN LIMITED (REGISTERED NUMBER: 08071523)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,647 31
Investment property 5 350,000 350,000
353,647 350,031

CURRENT ASSETS
Debtors 6 8,249 706
Cash at bank 9,243 2,882
17,492 3,588
CREDITORS
Amounts falling due within one year 7 395,083 254,683
NET CURRENT LIABILITIES (377,591 ) (251,095 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,944

)

98,936

CREDITORS
Amounts falling due after more than one
year

8

-

103,389
NET LIABILITIES (23,944 ) (4,453 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (24,044 ) (4,553 )
SHAREHOLDERS' FUNDS (23,944 ) (4,453 )

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

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

EYRIE DOWN LIMITED (REGISTERED NUMBER: 08071523)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 6 December 2024 and were signed on its behalf by:





Mr J W Eagles - Director


EYRIE DOWN LIMITED (REGISTERED NUMBER: 08071523)

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

1. STATUTORY INFORMATION

Eyrie Down 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 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 as modified by the revaluation of certain assets.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors and the directors continues to support the company for the foreseeable future.

Therefore the financial statements have been prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Short Motor
leasehold vehicles Totals
£    £    £   
COST
At 1 June 2023 - 500 500
Additions 3,624 - 3,624
At 31 May 2024 3,624 500 4,124
DEPRECIATION
At 1 June 2023 - 469 469
Charge for year - 8 8
At 31 May 2024 - 477 477
NET BOOK VALUE
At 31 May 2024 3,624 23 3,647
At 31 May 2023 - 31 31

EYRIE DOWN LIMITED (REGISTERED NUMBER: 08071523)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 350,000
NET BOOK VALUE
At 31 May 2024 350,000
At 31 May 2023 350,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 350,000

If investment property had not been revalued it would have been included at the following historical cost:

31/5/24 31/5/23
£    £   
Cost 419,948 419,948

Investment property was valued on an open market for debt basis on 12 May 2021 by Lambert Smith Hampton .

The directors consider the current fair value of the investment property to be reasonable at the Balance Sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors - 19
Deferred tax asset - 6
Accrued income 7,500 -
Prepayments 749 681
8,249 706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts - 10,038
Trade creditors 4,166 -
Amounts owed to associates 240,000 240,000
Tax - 2,788
Other creditors 7,500 -
Directors' current accounts 142,217 657
Accrued expenses 1,200 1,200
395,083 254,683

EYRIE DOWN LIMITED (REGISTERED NUMBER: 08071523)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years - 10,362
Bank loans - 2-5 years - 33,137
Bank loans more 5 yr by instal - 59,890
- 103,389

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 59,890

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank loans - 113,427

The bank loan is secured by a legal charge against the freehold property owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
Mr J W Eagles and Mrs J M Eagles
Balance outstanding at start of year - 9,088
Amounts repaid - (9,088 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -