Company Registration No. 11504395 (England and Wales)
ETON INVESTMENT COMPANY LTD.
Unaudited accounts
for the year ended 31 August 2024
ETON INVESTMENT COMPANY LTD.
Unaudited accounts
Contents
ETON INVESTMENT COMPANY LTD.
Company Information
for the year ended 31 August 2024
Directors
Anton Scheving
Eunice Asante
Company Number
11504395 (England and Wales)
Registered Office
2 New Hope Terrace, Newport Road
Reading
Berkshire
RG1 8FG
UNITED KINGDOM
Accountants
Genius Accountancy Ltd
27 Old Gloucester Street
London
WC1N 3AX
ETON INVESTMENT COMPANY LTD.
Statement of financial position
as at 31 August 2024
Investment property
195,123
170,500
Cash at bank and in hand
1,280
9,131
Creditors: amounts falling due within one year
(25,708)
(59,656)
Net current liabilities
(24,428)
(50,525)
Total assets less current liabilities
170,695
119,975
Creditors: amounts falling due after more than one year
(162,426)
(113,055)
Provisions for liabilities
Deferred tax
(2,174)
(2,174)
Profit and loss account
6,095
4,746
Shareholders' funds
6,095
4,746
For the year ending 31 August 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
Anton Scheving
Director
Company Registration No. 11504395
ETON INVESTMENT COMPANY LTD.
Notes to the Accounts
for the year ended 31 August 2024
ETON INVESTMENT COMPANY LTD. is a private company, limited by shares, registered in England and Wales, registration number 11504395. The registered office is 2 New Hope Terrace, Newport Road, Reading, Berkshire, RG1 8FG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Initially, investment property is recognized at cost. Subsequently, it is measured at fair market value, with any gains recognized in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 September 2023
170,500
Reclassification: Investment property of £170,500 has been reclassified from Land and building to Investment property in the comparative year.
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,966
6,059
Loans from directors
18,742
31,597
ETON INVESTMENT COMPANY LTD.
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
162,426
113,055
7
Average number of employees
During the year the average number of employees was 0 (2023: 2).