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REGISTERED NUMBER: 03267430 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

EASTHALL LIMITED

EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


EASTHALL LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N C F Pellett





SECRETARY: J N D Pellett





REGISTERED OFFICE: Bryant House
Bryant Road
Strood
Kent
ME2 3EW





REGISTERED NUMBER: 03267430 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Easthall Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Easthall Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Easthall Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Easthall Limited and state those matters that we have agreed to state to the director of Easthall Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easthall Limited and its director for our work or for this report.

It is your duty to ensure that Easthall Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Easthall Limited. You consider that Easthall Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Easthall Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW


25 March 2025

EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Balance Sheet
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 10,800,000 10,800,000
10,800,100 10,800,100

CURRENT ASSETS
Debtors 6 1,017,022 1,047,359
Investments 7 - 23,000
Cash at bank 3,036,368 2,664,664
4,053,390 3,735,023
CREDITORS
Amounts falling due within one year 8 79,456 109,925
NET CURRENT ASSETS 3,973,934 3,625,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,774,034

14,425,198

PROVISIONS FOR LIABILITIES 2,401,004 1,824,763
NET ASSETS 12,373,030 12,600,435

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 7,203,013 7,779,254
Retained earnings 5,169,817 4,820,981
12,373,030 12,600,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Balance Sheet - continued
31 MARCH 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 director and authorised for issue on 25 March 2025 and were signed by:





N C F Pellett - Director


EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Easthall 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

Rents receivable

Turnover is usually recognised based on the period of occupancy of each property, and when the following conditions are satisfied:

- the amount of revenue can be reliably measured
- it is probable that the economic benefits associated with the transaction will flow to the entity

Interest receivable

Interest income is recognised using the effective interest method.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Valuations are carried out annually by the directors based on:
- how the market could be expected to price the asset
- measuring the risk return factors inherent in the asset

Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The original cost price of the properties is £1,007,500.

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.


EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 10,800,000
NET BOOK VALUE
At 31 March 2024 10,800,000
At 31 March 2023 10,800,000

EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 1,017,022 1,047,359

7. CURRENT ASSET INVESTMENTS
2024 2023
as restated
£    £   
Other loans - 23,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Taxation and social security 75,515 102,344
Other creditors 3,941 7,581
79,456 109,925

9. RESERVES
Revaluatio
reserve
£   
At 1 April 2023 7,779,254
Deferred tax adjustment (576,241 )

At 31 March 2024 7,203,013

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
as restated
£    £   
N C F Pellett
Balance outstanding at start of year (998 ) (568 )
Amounts advanced 23,496 528,287
Amounts repaid (2,148 ) (528,717 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,350 (998 )

EASTHALL LIMITED (REGISTERED NUMBER: 03267430)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The loan from the company to the director is unsecured and repayable on demand. Interest has been charged at the HMRC official rate.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N C F Pellett.