Registered number
02734810
Eastbrook Estates Limited
Unaudited Filleted Accounts
30 September 2024
Eastbrook Estates Limited
Registered number: 02734810
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48 61
Current assets
Stocks 103,201 103,201
Debtors 4 - 531
Cash at bank and in hand 108,585 123,716
211,786 227,448
Creditors: amounts falling due within one year 5 (194,302) (200,192)
Net current assets 17,484 27,256
Net assets 17,532 27,317
Capital and reserves
Called up share capital 200 200
Share premium 100 100
Profit and loss account 17,232 27,017
Shareholders' funds 17,532 27,317
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Roberts
Director
Approved by the board on 20 March 2025
Eastbrook Estates Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc 20% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 13,029
At 30 September 2024 13,029
Depreciation
At 1 October 2023 12,968
Charge for the year 13
At 30 September 2024 12,981
Net book value
At 30 September 2024 48
At 30 September 2023 61
4 Debtors 2024 2023
£ £
Corporation tax recoverable - 531
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 53 (1)
Director's Loan - N Roberts 40,045 43,626
Director's Loan - P Sarris 110,296 112,659
Accruals and deferred income 35,658 35,658
Other creditors 8,250 8,250
194,302 200,192
6 Other information
Eastbrook Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Brooke Court
Parkleys
Richmond
England
TW10 5LX
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