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Registration number: 14447483

Eastern Estates (Preston) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Eastern Estates (Preston) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Eastern Estates (Preston) Limited

Company Information

Directors

Mr M Bhailok

Mr M H Polli

Registered office

3 Cable Court
Pittman Way
Fulwood
Preston
PR2 9YW

 

Eastern Estates (Preston) Limited

(Registration number: 14447483)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

600,000

600,000

Current assets

 

Debtors

5

1

1

Creditors: Amounts falling due within one year

6

(2,649)

(600)

Net current liabilities

 

(2,648)

(599)

Total assets less current liabilities

 

597,352

599,401

Creditors: Amounts falling due after more than one year

6

(646,802)

(600,000)

Net liabilities

 

(49,450)

(599)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(49,451)

(600)

Shareholders' deficit

 

(49,450)

(599)

For the financial year ending 31 March 2025 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 and 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 23 June 2025 and signed on its behalf by:
 

.........................................
Mr M Bhailok
Director

   
     
 

Eastern Estates (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
3 Cable Court
Pittman Way
Fulwood
Preston
PR2 9YW

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.

Going concern

The financial statements have been prepared on a going concern basis as the directors confirm that they will continue to support the company to enable it to meet its obligations as they fall due.

Investment property

Investment property is recognised at cost on initial recognition. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in the profit and loss account.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Eastern Estates (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Investment properties

2025
£

At 1 April 2024

600,000

At 31 March 2025

600,000

5

Debtors

2025
£

2024
£

Other debtors

1

1

 

1

1

 

Eastern Estates (Preston) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

1,809

-

Accruals and deferred income

 

840

600

 

2,649

600

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

646,802

600,000

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

646,802

600,000

Other borrowings are secured by a floating charge over the company's investment property. Interest is accruing at 7% per annum.

Current loans and borrowings

2025
£

2024
£

Directors' loan accounts

1,809

-

Directors' loan accounts are non-interest bearing and have no formal repayment terms.