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REGISTERED NUMBER: 04693574 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Eaton Developments (North West) Ltd

Eaton Developments (North West) Ltd (Registered number: 04693574)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Eaton Developments (North West) Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: J M Pringle





SECRETARY: Mrs A Pringle





REGISTERED OFFICE: Barnston House
Beacon Lane
Heswall
Wirral
CH60 0EE





REGISTERED NUMBER: 04693574 (England and Wales)





ACCOUNTANTS: Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE

Eaton Developments (North West) Ltd (Registered number: 04693574)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,642 50,190
Investment property 5 6,039,131 5,755,531
6,076,773 5,805,721

CURRENT ASSETS
Debtors 6 6,350 19,961
Cash at bank 132,664 15,019
139,014 34,980
CREDITORS
Amounts falling due within one year 7 223,785 157,431
NET CURRENT LIABILITIES (84,771 ) (122,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,992,002

5,683,270

CREDITORS
Amounts falling due after more than one
year

8

(3,517,502

)

(3,442,869

)

PROVISIONS FOR LIABILITIES (572,935 ) (502,035 )
NET ASSETS 1,901,565 1,738,366

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 11 1,718,805 1,506,105
Retained earnings 11 182,660 232,161
1,901,565 1,738,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Eaton Developments (North West) Ltd (Registered number: 04693574)

Balance Sheet - continued
31 March 2025


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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 July 2025 and were signed by:





J M Pringle - Director


Eaton Developments (North West) Ltd (Registered number: 04693574)

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

1. STATUTORY INFORMATION

Eaton Developments (North West) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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 Profit and Loss account, 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.

Eaton Developments (North West) Ltd (Registered number: 04693574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 56,027
DEPRECIATION
At 1 April 2024 5,837
Charge for year 12,548
At 31 March 2025 18,385
NET BOOK VALUE
At 31 March 2025 37,642
At 31 March 2024 50,190

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 56,027
DEPRECIATION
At 1 April 2024 5,837
Charge for year 12,548
At 31 March 2025 18,385
NET BOOK VALUE
At 31 March 2025 37,642
At 31 March 2024 50,190

Eaton Developments (North West) Ltd (Registered number: 04693574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 5,755,531
Revaluations 283,600
At 31 March 2025 6,039,131
NET BOOK VALUE
At 31 March 2025 6,039,131
At 31 March 2024 5,755,531

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2016 1,134,892
Valuation in 2023 873,249
Valuation in 2025 283,600
Cost 3,747,390
6,039,131

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 3,747,390 3,747,390

Investment properties were valued on an open market basis on 31 March 2025 by Mr J Pringle, a director of the company .

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Other debtors 3,238 -

Amounts falling due after more than one year:
Other debtors 3,112 19,961

Aggregate amounts 6,350 19,961

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 4,624
Finance leases (see note 9) 5,181 5,181
Taxation and social security - 17,535
Other creditors 218,604 130,091
223,785 157,431

Eaton Developments (North West) Ltd (Registered number: 04693574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 3,086,328 3,156,514
Finance leases (see note 9) 31,174 36,355
Other creditors 400,000 250,000
3,517,502 3,442,869

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 5,181 5,181
Between one and five years 31,174 36,355
36,355 41,536

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 4,749 -
Between one and five years 9,103 -
13,852 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 3,086,328 3,161,138
Finance leases 36,355 -
3,122,683 3,161,138

The bank loans, finance lease and overdraft, are secured on various properties that the company owns.

Eaton Developments (North West) Ltd (Registered number: 04693574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

11. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 April 2024 232,161 1,506,105 1,738,266
Deficit for the year (117,401 ) (117,401 )
Dividends (3,000 ) (3,000 )
Revaluation in year 70,900 212,700 283,600
At 31 March 2025 182,660 1,718,805 1,901,465

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to / (from) a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
J M Pringle
Balance outstanding at start of year (375,893 ) (337,553 )
Amounts advanced 134,431 157,384
Amounts repaid (370,823 ) (195,724 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (612,285 ) (375,893 )

The loan with the director is unsecured, interest free and repayable on demand.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Eaton Developments (North West) Ltd

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 Eaton Developments (North West) Ltd for the year ended 31 March 2025 which comprise the Profit and Loss account, Balance Sheet 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 Eaton Developments (North West) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eaton Developments (North West) Ltd and state those matters that we have agreed to state to the director of Eaton Developments (North West) Ltd 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 Eaton Developments (North West) Ltd and its director for our work or for this report.

It is your duty to ensure that Eaton Developments (North West) Ltd 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 Eaton Developments (North West) Ltd. You consider that Eaton Developments (North West) Ltd 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 Eaton Developments (North West) Ltd. 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.






Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE


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