REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
FOR |
EAST STREET PROPERTY COMPANY LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
FOR |
EAST STREET PROPERTY COMPANY LTD |
EAST STREET PROPERTY COMPANY LTD (REGISTERED NUMBER: 15003645) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EAST STREET PROPERTY COMPANY LTD |
COMPANY INFORMATION |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Tax Advisers, Accountants |
and Business Consultants |
Vantage Point House |
Silverhills Road |
Decoy Industrial Estate |
Newton Abbot |
Devon |
TQ12 5ND |
BANKERS: |
48 Courtenay Street |
Newton Abbot |
Devon |
TQ12 2EE |
EAST STREET PROPERTY COMPANY LTD (REGISTERED NUMBER: 15003645) |
BALANCE SHEET |
30 SEPTEMBER 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
EAST STREET PROPERTY COMPANY LTD (REGISTERED NUMBER: 15003645) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
East Street Property Company Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
Going concern |
The company meets it's day to day requirements through a loan provided by another company owned by Mr and Mrs Narvidge, Directors. This company will continue to support the company in this way until such time profits are made. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
EAST STREET PROPERTY COMPANY LTD (REGISTERED NUMBER: 15003645) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
Additions |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Amounts owed to associates | 479,826 |
VAT | 966 |
Directors' current accounts | 4,998 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 240,046 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
EAST STREET PROPERTY COMPANY LTD (REGISTERED NUMBER: 15003645) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 JULY 2023 TO 30 SEPTEMBER 2024 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 30 September 2024: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period | ( |
) |
Loand are unsecured, interest free and repayable on demand. |
10. | RELATED PARTY DISCLOSURES |
During the period the company borrowed £479,826 from East Street Pub Company Ltd, a company Mr & Mrs Narvidge, Directors, are also Directors of. The amount owing to East Street Pub Company Ltd at the period end was £479,826. |