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REGISTERED NUMBER: 10796003 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Eastside Group Ltd

Eastside Group Ltd (Registered number: 10796003)






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


Eastside Group Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J P Stokes





REGISTERED OFFICE: 9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR





REGISTERED NUMBER: 10796003 (England and Wales)






Eastside Group Ltd (Registered number: 10796003)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 101,954 121,354

CURRENT ASSETS
Debtors 5 1,649,530 372,808
Cash at bank and in hand 100 202
1,649,630 373,010
CREDITORS
Amounts falling due within one year 6 1,099,889 111,585
NET CURRENT ASSETS 549,741 261,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,695

382,779

CREDITORS
Amounts falling due after more than one
year

7

19,492

-
NET ASSETS 632,203 382,779

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 632,103 382,679
SHAREHOLDERS' FUNDS 632,203 382,779

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.

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 8 April 2025 and were signed by:





J P Stokes - Director


Eastside Group Ltd (Registered number: 10796003)

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

1. STATUTORY INFORMATION

Eastside Group Ltd 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 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 as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 121,354
Additions 600
Disposals (20,000 )
At 31 March 2024 101,954
NET BOOK VALUE
At 31 March 2024 101,954
At 31 March 2023 121,354

Eastside Group Ltd (Registered number: 10796003)

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

4. FIXED ASSET INVESTMENTS - continued


Details of the investments (including principal place of business of unincorporated entities) in which the company owns 100% of the nominal value of any class of share capital are as follows:



Name of Undertaking


Registered Office
Class of
Share
held

Proportion of voting rights
and shares held
Subsidiary Undertakings 2024 2023


Eastsideco Ltd
Currie Young Limited Ground Floor
10, King Street, Newcastle Under
Lyme, ST5 1EL


Ordinary


100%


100%

Eastside Clothing Ltd
Unit 305 Zellig Building Gibb
Street,Birmingham, B9 4AA

Ordinary

100%

100%

Eastside Ventures Ltd
Unit 305 Zellig Building Gibb
Street,Birmingham, B9 4AA

Ordinary

100%

100%

Eastside Collective Ltd
Unit 305 Zellig Building Gibb
Street,Birmingham, B9 4AA

Ordinary

100%

100%

Force Fitness Retail Ltd
Unit 305 Zellig Building Gibb
Street,Birmingham, B9 4AA

Ordinary

100%

100%

Eastside Co GmbH
Cologne, District Court of Frankfurt
HRB 117588, Germany


100%

100%



ESC Ecom Ltd
9 Shottery Brook Office Park
Timothys Bridge Road, Stratford
Enterprise Park,
Stratford-Upon-Avon, CV37 9NR



Ordinary



60%



100%

The principal activity of Eastsideco Ltd is information technology consultancy activities.
The principal activity of Eastside Clothing Ltd is online retail sales.
The principal activity of Eastside Ventures Ltd is activities of venture companies.
The principal activity of Eastside Collective Ltd is information technology consultancy activities.
The principal activity of Force Fitness Retail Ltd is online retail sales.
The principal activity of Eastside Co GmbH is information technology consultancy activities.
The principal activity of ESC Ecom Ltd is web portals.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 1,420,353 14,456
Other debtors 229,177 358,352
1,649,530 372,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 137 -
Trade creditors 999,999 -
Amounts owed to group undertakings 35,995 111,585
Taxation and social security 63,758 -
1,099,889 111,585

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 19,492 -

Eastside Group Ltd (Registered number: 10796003)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Loans from related parties



Entities with joint
control or significant
influence
2024 £
At start of period -
Advanced 24,000
Repaid -
At end of period 24,000
Terms of loans from related parties

These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided by these related parties.