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REGISTERED NUMBER: 05240483 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Eastgate Construction (Lincoln) Limited

Eastgate Construction (Lincoln) Limited (Registered number: 05240483)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Eastgate Construction (Lincoln) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs D M S El-Kashef





SECRETARY: Mrs D M S El-Kashef





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 05240483 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Eastgate Construction (Lincoln) Limited

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eastgate Construction (Lincoln) Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Eastgate Construction (Lincoln) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eastgate Construction (Lincoln) Limited and state those matters that we have agreed to state to the director of Eastgate Construction (Lincoln) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eastgate Construction (Lincoln) Limited and its director for our work or for this report.

It is your duty to ensure that Eastgate Construction (Lincoln) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eastgate Construction (Lincoln) Limited. You consider that Eastgate Construction (Lincoln) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eastgate Construction (Lincoln) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


25 June 2025

Eastgate Construction (Lincoln) Limited (Registered number: 05240483)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,808 4,683
Investment property 5 1,731,562 1,731,562
1,741,370 1,736,245

CURRENT ASSETS
Debtors 6 29,916 20,121
Cash at bank 7,583 3,669
37,499 23,790
CREDITORS
Amounts falling due within one year 7 1,481,905 1,381,079
NET CURRENT LIABILITIES (1,444,406 ) (1,357,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,964

378,956

CREDITORS
Amounts falling due after more than one
year

8

436,151

477,914
NET LIABILITIES (139,187 ) (98,958 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (139,287 ) (99,058 )
SHAREHOLDERS' FUNDS (139,187 ) (98,958 )

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 director acknowledges her 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.

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 director and authorised for issue on 25 June 2025 and were signed by:





Mrs D M S El-Kashef - Director


Eastgate Construction (Lincoln) Limited (Registered number: 05240483)

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

1. STATUTORY INFORMATION

Eastgate Construction (Lincoln) Limited 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.

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.

The accounts are prepared on a going concern basis which assumes that the director will continue to support the Company. If this support was not to continue then this basis may not be appropriate, as at 30 September 2024 the Company's liabilities exceeded the current assets by £1,444,406 (2023: £1,357,289).

Should the Company then not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents net rental income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Eastgate Construction (Lincoln) Limited (Registered number: 05240483)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023 12,052 10,500 22,552
Additions - 12,594 12,594
Disposals - (10,500 ) (10,500 )
At 30 September 2024 12,052 12,594 24,646
DEPRECIATION
At 1 October 2023 11,520 6,349 17,869
Charge for year 169 3,926 4,095
Eliminated on disposal - (7,126 ) (7,126 )
At 30 September 2024 11,689 3,149 14,838
NET BOOK VALUE
At 30 September 2024 363 9,445 9,808
At 30 September 2023 532 4,151 4,683

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,731,562
NET BOOK VALUE
At 30 September 2024 1,731,562
At 30 September 2023 1,731,562

The Director of the company has reviewed the value of the investment properties and believes them to be an accurate representation of the market value of the properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,916 20,121

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,763 39,835
Other creditors 1,440,142 1,341,244
1,481,905 1,381,079

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 436,151 477,914

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 248,887 298,856

Eastgate Construction (Lincoln) Limited (Registered number: 05240483)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 477,914 517,749

The bank loans are secured by the properties held by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100