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REGISTERED NUMBER: 03373250 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Eskimo Limited

Eskimo Limited (Registered number: 03373250)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eskimo Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: F L O'Donoghue
Mrs M M O'Donoghue





SECRETARY: Mrs M M O'Donoghue





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 03373250 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Eskimo Limited (Registered number: 03373250)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 400 799
Investment property 6 5,050,865 5,864,714
5,051,265 5,865,513

CURRENT ASSETS
Debtors 7 24,130 16,994
Cash at bank 640,231 230,119
664,361 247,113
CREDITORS
Amounts falling due within one year 8 270,929 187,121
NET CURRENT ASSETS 393,432 59,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,444,697

5,925,505

CREDITORS
Amounts falling due after more than one
year

9

(1,930,430

)

(2,276,365

)

PROVISIONS FOR LIABILITIES (216,084 ) (292,916 )
NET ASSETS 3,298,183 3,356,224

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 1,450,631 1,819,352
Retained earnings 1,847,452 1,536,772
SHAREHOLDERS' FUNDS 3,298,183 3,356,224

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.

Eskimo Limited (Registered number: 03373250)

Balance Sheet - 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 23 February 2025 and were signed on its behalf by:





F L O'Donoghue - Director


Eskimo Limited (Registered number: 03373250)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Eskimo 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 (£).


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 under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents work done and rent receivable.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Eskimo Limited (Registered number: 03373250)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,777
DEPRECIATION
At 1 June 2023 978
Charge for year 399
At 31 May 2024 1,377
NET BOOK VALUE
At 31 May 2024 400
At 31 May 2023 799

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 5,864,714
Disposals (829,569 )
Revaluations 15,720
At 31 May 2024 5,050,865
NET BOOK VALUE
At 31 May 2024 5,050,865
At 31 May 2023 5,864,714

The investment properties are valued by the director on an open market existing use basis.

The historical cost of the investment properties amounts to £3,384,148 (2023: £3,752,444).

Eskimo Limited (Registered number: 03373250)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. INVESTMENT PROPERTY - continued

Leasehold investment properties, included in the above, are as follows:



Total
£
FAIR VALUE
At 1 June 2022 2,938,576
Additions -
Disposals (730,576 )
Revaluations 67,074
At 31 May 2023 2,275,074
NET BOOK VALUE
At 31 May 2023 2,275,074
At 31 May 2022 2,938,576

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,000 10,000
Other debtors 19,130 6,994
24,130 16,994

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,628 1,925
Taxation and social security 84,826 126,740
Other creditors 183,475 58,456
270,929 187,121

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other loans 1,930,430 2,276,365

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 1,930,430 2,276,365

Certain advances from financial institutions have been arranged in the name of the director, Mr F L O'Donoghue who confirms that they are held on behalf of the company.

Eskimo Limited (Registered number: 03373250)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Mortgages 1,930,430 2,276,365

The mortgages are secured by way of fixed and floating charges over the properties of the company.

11. RESERVES
Fair
value
reserve
£   
At 1 June 2023 1,819,352
Revaluation of property 15,720
Deferred tax provision 76,832
Gains realised on disposal of property (461,273 )

At 31 May 2024 1,450,631