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REGISTERED NUMBER: 10277084 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

EAGLEYED LIMITED

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EAGLEYED LIMITED

COMPANY INFORMATION
for the Year Ended 31ST JULY 2024







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 10277084 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12 12
Investment property 5 4,601,500 4,875,000
4,601,512 4,875,012

CURRENT ASSETS
Debtors 6 1,738,029 1,709,715
Cash at bank and in hand 8,597 9,624
1,746,626 1,719,339
CREDITORS
Amounts falling due within one year 7 853,649 903,533
NET CURRENT ASSETS 892,977 815,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,494,489

5,690,818

CREDITORS
Amounts falling due after more than one
year

8

4,565,694

4,616,447
NET ASSETS 928,795 1,074,371

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 862,551 1,030,245
Retained earnings 66,144 44,026
928,795 1,074,371

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 9th April 2025 and were signed by:





M D E Bayntun - Director


EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2024

1. STATUTORY INFORMATION

Eagleyed 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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
Other
investments
£   
COST
At 1st August 2023
and 31st July 2024 12
NET BOOK VALUE
At 31st July 2024 12
At 31st July 2023 12

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 4,875,000
Disposals (110,000 )
Revaluations (163,500 )
At 31st July 2024 4,601,500
NET BOOK VALUE
At 31st July 2024 4,601,500
At 31st July 2023 4,875,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2021 1,012,565
Valuation in 2022 63,845
Valuation in 2023 (46,165 )
Valuation in 2024 (167,694 )
Cost 3,738,949
4,601,500

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 3,738,949 3,844,755
Aggregate depreciation (330,852 ) (255,950 )

The investment properties were valued on an open market basis basis on 31st July 2024 by the director of the company .

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 7,691 11,090
Other debtors 17,681 9,245
25,372 20,335

Amounts falling due after more than one year:
Trade debtors 38,876 105,548
Amounts owed by associates 1,673,781 1,583,832
1,712,657 1,689,380

Aggregate amounts 1,738,029 1,709,715

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 37,229 48,409
Trade creditors (1 ) -
Amounts owed to associates 13,336 8,996
Taxation and social security 9,775 19,153
Other creditors 793,310 826,975
853,649 903,533

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,663,315 1,746,135
Amounts owed to associates 2,697,201 2,664,101
Other creditors 205,178 206,211
4,565,694 4,616,447

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,168,904 1,552,499
Other loans more 5yrs instal 1,377 2,488
1,170,281 1,554,987

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 1,700,544 1,794,544

Cynergy Bank holds charges over the companies leasehold and freehold property.

10. RESERVES
Fair
value
reserve
£   
At 1st August 2023 1,030,245
Transfer between reserves (167,694 )

At 31st July 2024 862,551

EAGLEYED LIMITED (REGISTERED NUMBER: 10277084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
M D E Bayntun
Balance outstanding at start of year 852 (17,470 )
Amounts advanced - 852
Amounts repaid 830 17,470
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,682 852