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Registration number: 12285415

Eastwick Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Eastwick Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Eastwick Limited

(Registration number: 12285415)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,074,000

1,780,964

Current assets

 

Cash at bank and in hand

 

172,842

156,595

Creditors: Amounts falling due within one year

5

(120,518)

(41,654)

Net current assets

 

52,324

114,941

Total assets less current liabilities

 

2,126,324

1,895,905

Creditors: Amounts falling due after more than one year

5

(1,890,252)

(1,850,440)

Provisions for liabilities

(56,086)

-

Net assets

 

179,986

45,465

Capital and reserves

 

Called up share capital

100

100

Investment property revaluation reserve

168,258

-

Retained earnings

11,628

45,365

Shareholders' funds

 

179,986

45,465

 

Eastwick Limited

(Registration number: 12285415)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 

.........................................
V M Eastwick-Field
Director

 

Eastwick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Little Earlstone
Earlstone Common
Burghclere
Newbury
Berkshire
RG20 9HN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment properties are carried at directors' valuation. There has been no valuation by an independent professional valuer in the period.

Any excess of directors' valuation over original cost is taken to a revaluation reserve, less a provision for deferred tax where appropriate.

 

Eastwick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 1 November

1,780,964

Additions

68,692

Fair value adjustments

224,344

At 31 October

2,074,000

The properties have been revalued by the directors who have a good knowledge of market conditions and the likely current value of the properties.

There has been no valuation of investment property by an independent valuer.

 

Eastwick Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

8,041

Other creditors

120,518

33,613

120,518

41,654

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

1,890,252

1,850,440

6

Related party transactions

Summary of transactions with other related parties

During the year P Eastwick-Field (Director) had a loan with the company. At the balance sheet date the amount owed to P Eastwick-Field was £Nil (2023 £2,134). No interest has been charged in respect of this balance.
During the year V Eastwick-Field (Director) had a loan with the company. At the balance sheet date the amount owed to V Eastwick-Field was £7,429 (2023 £1,041). No interest has been charged in respect of this balance.
During the year E Eastwick-Jones (daughter of the directors) had a loan with the company. At the balance sheet date the amount owed to E Eastwick-Jones was £945,126 (2023 £925,220). Interest has been charged in respect of this balance.
During the year K Eastwick-Jones (daughter of the directors) had a loan with the company. At the balance sheet date the amount owed to K Eastwick-Jones was £945,126 (2023 £925,220). Interest has been charged in respect of this balance.