IRIS Accounts Production v24.3.2.46 05505806 Board of Directors 1.4.23 31.3.24 31.3.24 19.3.25 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055058062023-03-31055058062024-03-31055058062023-04-012024-03-31055058062022-03-31055058062022-04-012023-03-31055058062023-03-3105505806ns15:EnglandWales2023-04-012024-03-3105505806ns14:PoundSterling2023-04-012024-03-3105505806ns10:Director12023-04-012024-03-3105505806ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105505806ns10:SmallEntities2023-04-012024-03-3105505806ns10:Audited2023-04-012024-03-3105505806ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105505806ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105505806ns10:FullAccounts2023-04-012024-03-3105505806ns10:Director22023-04-012024-03-3105505806ns10:Director52023-04-012024-03-3105505806ns10:RegisteredOffice2023-04-012024-03-3105505806ns5:CurrentFinancialInstruments2024-03-3105505806ns5:CurrentFinancialInstruments2023-03-3105505806ns5:ShareCapital2024-03-3105505806ns5:ShareCapital2023-03-3105505806ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105505806ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3105505806ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3105505806ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-31
REGISTERED NUMBER: 05505806 (England and Wales)












Audited Financial Statements

for the Year Ended 31 March 2024

for

Eldon Square Company Limited

Eldon Square Company Limited (Registered number: 05505806)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eldon Square Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Councillor R A J Ashby
Councillor D M Greenhough
Councillor K L Kilgour





REGISTERED OFFICE: Civic Centre
Democratic Services Division
Newcastle City Council
Newcastle Upon Tyne
NE1 8QH





REGISTERED NUMBER: 05505806 (England and Wales)





AUDITORS: CLA Evelyn Partners Limited
17 Queens Lane
Newcastle
NE1 1RN

Eldon Square Company Limited (Registered number: 05505806)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £   
CURRENT ASSETS
Debtors 4 1,629,386 9,885,204
Cash at bank - 19
1,629,386 9,885,223
CREDITORS
Amounts falling due within one year 5 (1,622,386 ) (9,878,223 )
NET CURRENT ASSETS 7,000 7,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,000

7,000

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
7,000 7,000

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 14 March 2025 and were signed on its behalf by:





Councillor K L Kilgour - Director


Eldon Square Company Limited (Registered number: 05505806)

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

1. STATUTORY INFORMATION

Eldon Square Company 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 FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of Newcastle City Council. These consolidated financial statements are available from its registered office, Civic Centre, Newcastle upon Tyne, NE1 8QH.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Amounts owed by joint ventures 1,624,264 9,879,982
Other debtors 100 100
1,624,364 9,880,082

Amounts falling due after more than one year:
Other debtors 5,022 5,122

Aggregate amounts 1,629,386 9,885,204

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed to group undertakings 1,617,386 9,875,283
Other creditors 5,000 2,940
1,622,386 9,878,223

Eldon Square Company Limited (Registered number: 05505806)

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

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

The Report of the Auditors was unqualified.

Nicola Scarr ACA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited