East 7 Ltd Filleted Accounts Cover
East 7 Ltd
Company No. 12554188
Information for Filing with The Registrar
30 April 2024
East 7 Ltd Balance Sheet Registrar
at
30 April 2024
Company No.
12554188
Notes
2024
2023
£
£
Fixed assets
Investment property
4
1,166,9061,056,935
1,166,9061,056,935
Current assets
Debtors
5
225,457225,457
Cash at bank and in hand
4,6402,017
230,097227,474
Creditors: Amount falling due within one year
6
(636,973)
(619,285)
Net current liabilities
(406,876)
(391,811)
Total assets less current liabilities
760,030665,124
Creditors: Amounts falling due after more than one year
7
(780,430)
(685,535)
Net liabilities
(20,400)
(20,411)
Capital and reserves
Called up share capital
11
Profit and loss account
8
(20,401)
(20,412)
Total equity
(20,400)
(20,411)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 April 2024
And signed on its behalf by:
N. Shahid
Director
30 April 2024
East 7 Ltd Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
Its registered number is: 12554188
Its registered office is:
239 Cranbrook Road
Ilford
IG1 4TD
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Investment property
Freehold Investment Property
£
Valuation
At 1 May 2023
1,056,935
Additions
109,971
At 30 April 2024
1,166,906
5
Debtors
2024
2023
£
£
Other debtors
225,457225,457
225,457225,457
6
Creditors amounts falling due within one year:
2024
2023
£
£
Loans from directors
635,173618,385
Accruals and deferred income
1,800900
636,973619,285
7
Creditors amounts falling due after more than one year:
2024
2023
£
£
Bank loans and overdrafts
780,430685,535
780,430685,535
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
At the balance sheet date £635,173 was owed to the director by the company.
Controlling party
Immediate controlling party
N Shahid controls the company
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