EASTGATE INVESTMENT CORPORATION LIMITED

Company Registration Number:
02673735 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

EASTGATE INVESTMENT CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

EASTGATE INVESTMENT CORPORATION LIMITED

Balance sheet

As at 30 November 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 59,601 37,615
Investments: 4 23,853,913 23,845,000
Total fixed assets: 23,913,514 23,882,615
Current assets
Debtors:   267,633 473,420
Cash at bank and in hand: 170,065 204,005
Total current assets: 437,698 677,425
Creditors: amounts falling due within one year:   (457,583) (615,842)
Net current assets (liabilities): (19,885) 61,583
Total assets less current liabilities: 23,893,629 23,944,198
Creditors: amounts falling due after more than one year:     (436,908)
Provision for liabilities: (3,375,542) (3,375,542)
Total net assets (liabilities): 20,518,087 20,131,748
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:515,745,84115,745,841
Profit and loss account: 4,771,246 4,384,907
Shareholders funds: 20,518,087 20,131,748

The notes form part of these financial statements

EASTGATE INVESTMENT CORPORATION LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2025
and signed on behalf of the board by:

Name: J Freedman
Status: Director

The notes form part of these financial statements

EASTGATE INVESTMENT CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at fair value of the consideration received or receivable.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. 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 a reducing balance basis at a rate of 25% per annum.

EASTGATE INVESTMENT CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 7 6

EASTGATE INVESTMENT CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 52,939
Additions 41,852
At 30 November 2024 94,791
Depreciation
At 01 December 2023 15,324
Charge for year 19,866
At 30 November 2024 35,190
Net book value
At 30 November 2024 59,601
At 30 November 2023 37,615

EASTGATE INVESTMENT CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Fixed investments

Fixed Asset Investments are stated at fair value.

EASTGATE INVESTMENT CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Revaluation reserve

2024
£
Balance at 01 December 2023 15,745,841
Surplus or deficit after revaluation 0
Balance at 30 November 2024 15,745,841

EASTGATE INVESTMENT CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: At the balance sheet date , loans were outstanding to the company from companies controlled by the director in the sum of £111733 ( 2023: £331277) . These loans were unsecured , interest free and repayable on demand. The maximum outstanding during the year was £331277 ( 2023: £367589)
£
Balance at 01 December 2023 331,277
Balance at 30 November 2024 111,733