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Registered number: 10250218









EDEN HILL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
EDEN HILL INVESTMENTS LIMITED
REGISTERED NUMBER: 10250218

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
361
-

Investment property
 6 
2,587,695
2,587,695

  
2,588,056
2,587,695

Current assets
  

Debtors: amounts falling due within one year
 7 
12,667
4,000

Cash at bank and in hand
  
103,424
81,275

  
116,091
85,275

Creditors: amounts falling due within one year
 8 
(1,951,346)
(2,046,474)

Net current liabilities
  
 
 
(1,835,255)
 
 
(1,961,199)

Total assets less current liabilities
  
752,801
626,496

Creditors: amounts falling due after more than one year
 9 
(284,900)
(284,900)

  

Net assets
  
467,901
341,596


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
467,801
341,496

  
467,901
341,596


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
EDEN HILL INVESTMENTS LIMITED
REGISTERED NUMBER: 10250218
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2025.




Mr R Spencer
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
EDEN HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Eden Hill Investments Limited ("the Company") is a private company limited by shares. The Company was incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, United Kingdom, E11 1GA.
The principal activity of the Company is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income
The Company receives rental income in respect of its investment properties. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
 
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the lease;
the costs incurred can be measured reliably.

The Company considers that rental income becomes payable in accordance with the occupancy of the properties by its tenants, and recognises revenue accordingly.

 
2.3

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Page 3

 
EDEN HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
EDEN HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The directors' have made a judgement that the fair value of the investment properties is not materially different to the original cost, therefore no adjustment has been made to the carrying value (see note 6).


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
EDEN HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
1,684


Additions
415


Disposals
(1,684)



At 30 June 2024

415



Depreciation


At 1 July 2023
1,684


Charge for the year on owned assets
54


Disposals
(1,684)



At 30 June 2024

54



Net book value



At 30 June 2024
361



At 30 June 2023
-


6.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
2,587,695



At 30 June 2024
2,587,695

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
EDEN HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
10,833
2,166

Other debtors
1,586
1,586

Prepayments and accrued income
248
248

12,667
4,000



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
172
1,850

Corporation tax
40,278
25,338

Other creditors
1,910,146
2,018,536

Accruals and deferred income
750
750

1,951,346
2,046,474



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
284,900
284,900


The bank loan is secured against the properties to which they relate.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
284,900
284,900


Page 7

 
EDEN HILL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Related party transactions

At the end of the year, the Company owed £1,900,702 (2023 - £2,017,080) to the directors of the company.


12.


Controlling party

The ultimate controlling party is considered to be R Spencer.

Page 8