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REGISTERED NUMBER: 12848870 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Eton Property Hub Ltd

Eton Property Hub Ltd (Registered number: 12848870)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Accountants 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Eton Property Hub Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs R Singh
A Ved
Mrs K Ved





REGISTERED OFFICE: Unit 25 Sarum Complex
Salisbury Road
Uxbridge
UB8 2RZ





REGISTERED NUMBER: 12848870 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

Eton Property Hub Ltd

Report of the Accountants to the Directors of
Eton Property Hub Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages four to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ


Date: .............................................

Eton Property Hub Ltd (Registered number: 12848870)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 4,510,000 4,510,000

CURRENT ASSETS
Debtors 5 268,895 290,555
Cash at bank and in hand 296,611 208,575
565,506 499,130
CREDITORS
Amounts falling due within one year 6 311,514 329,162
NET CURRENT ASSETS 253,992 169,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,763,992

4,679,968

CREDITORS
Amounts falling due after more than
one year

7

3,292,759

3,292,759
NET ASSETS 1,471,233 1,387,209

CAPITAL AND RESERVES
Called up share capital 11 1,430,133 1,430,133
Retained earnings 12 41,100 (42,924 )
SHAREHOLDERS' FUNDS 1,471,233 1,387,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Eton Property Hub Ltd (Registered number: 12848870)

Statement of Financial Position - continued
30 September 2024


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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mrs R Singh - Director


Eton Property Hub Ltd (Registered number: 12848870)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Eton Property Hub Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue from residential property is recognised on rent receivable basis to the balance sheet date.

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 statement of financial position date.


Eton Property Hub Ltd (Registered number: 12848870)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 4,510,000
NET BOOK VALUE
At 30 September 2024 4,510,000
At 30 September 2023 4,510,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 (20,000 )
Valuation in 2022 (182,014 )
Cost 4,712,014
4,510,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 9,048 17,269
Other debtors 259,847 273,286
268,895 290,555

Eton Property Hub Ltd (Registered number: 12848870)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 24,075 24,074
Taxation and social security 27,743 18,392
Other creditors 259,696 286,696
311,514 329,162

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 8) 3,292,759 3,292,759

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,292,759 3,292,759

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,292,759 3,292,759

The bank loans are secured by a legal charge over the investment properties and by way of personal guarantees of the directors. The loans are interest only, fully repayable between 19 to 25 years period and the rates of interest charged are between 2.24% and 3.75% above the bank base rate.

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 3,292,759 3,292,759

Eton Property Hub Ltd (Registered number: 12848870)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. DEFERRED TAX
£   
Balance at 1 October 2023 (38,383 )
Balance at 30 September 2024 (38,383 )

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN
OF

-
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB (38,383 )

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,430,133 Ordinary shares £1 1,430,133 1,430,133

12. RESERVES
Retained
earnings
£   

At 1 October 2023 (42,924 )
Profit for the year 84,024
At 30 September 2024 41,100

13. RELATED PARTY DISCLOSURES

During the year, the company paid £24,075 for property management fees to Ved Property Services Ltd, company in which Mrs R Singh has a beneficial interest.

At the year end, the company owed £190,767 to Mrs R Singh, £23,312 to Mrs K Ved and £66,767 to Mr A Ved.

14. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholding in the company.