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Registered number: 05214332
Eastcombe Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05214332
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 451,231 712,666
451,231 712,666
CURRENT ASSETS
Debtors 5 270,610 248,476
Cash at bank and in hand 1,225 2,361
271,835 250,837
Creditors: Amounts Falling Due Within One Year 6 (52,671 ) (97,428 )
NET CURRENT ASSETS (LIABILITIES) 219,164 153,409
TOTAL ASSETS LESS CURRENT LIABILITIES 670,395 866,075
Creditors: Amounts Falling Due After More Than One Year 7 (673,543 ) (901,543 )
NET LIABILITIES (3,148 ) (35,468 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (3,150 ) (35,470 )
SHAREHOLDERS' FUNDS (3,148) (35,468)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daud Farooq
Director
13/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Eastcombe Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05214332 . The registered office is 1a Lorne Road, London, E17 7PX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the Rental of Properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost
As at 1 September 2023 712,666
Disposals (261,435 )
As at 31 August 2024 451,231
Net Book Value
As at 31 August 2024 451,231
As at 1 September 2023 712,666
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 270,610 248,476
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 40,300 40,300
Corporation tax 10,525 2,038
Other taxes and social security 46 46
Accruals and deferred income 1,800 1,440
Director's loan account - 53,604
52,671 97,428
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 673,543 901,543
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3