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REGISTERED NUMBER: 10049290 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

EIGHT ELEVEN HOLDINGS LIMITED

EIGHT ELEVEN HOLDINGS LIMITED (REGISTERED NUMBER: 10049290)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EIGHT ELEVEN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr N G Kephalas





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 10049290 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

EIGHT ELEVEN HOLDINGS LIMITED (REGISTERED NUMBER: 10049290)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 458 574
Investment property 5 356,086 356,086
356,544 356,660

CURRENT ASSETS
Debtors 6 2,370 1,486
Cash at bank and in hand 2,446 4,031
4,816 5,517
CREDITORS
Amounts falling due within one year 7 5,685 155,561
NET CURRENT LIABILITIES (869 ) (150,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,675

206,616

CREDITORS
Amounts falling due after more than one
year

8

377,814

221,340
NET LIABILITIES (22,139 ) (14,724 )

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings (22,155 ) (14,740 )
SHAREHOLDERS' FUNDS (22,139 ) (14,724 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

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 6 August 2025 and were signed by:





Mr N G Kephalas - Director


EIGHT ELEVEN HOLDINGS LIMITED (REGISTERED NUMBER: 10049290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Eight Eleven Holdings 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities as they fall due.

Turnover
Turnover represents the value of rental income chargeable in respect of the company's investment property.
Turnover is recognised evenly over the period of the rental agreement.

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 reducing balance

Investment property
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

EIGHT ELEVEN HOLDINGS LIMITED (REGISTERED NUMBER: 10049290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023
and 30 November 2024 2,739
DEPRECIATION
At 1 December 2023 2,165
Charge for year 116
At 30 November 2024 2,281
NET BOOK VALUE
At 30 November 2024 458
At 30 November 2023 574

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 356,086
NET BOOK VALUE
At 30 November 2024 356,086
At 30 November 2023 356,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,370 1,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 361 361
Other creditors 5,324 155,200
5,685 155,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 221,340 221,340
Other creditors 156,474 -
377,814 221,340

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 221,340 221,340

EIGHT ELEVEN HOLDINGS LIMITED (REGISTERED NUMBER: 10049290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 221,340 221,340

The bank loan is secured by way of a fixed charge on the investment property held in the company.

10. RELATED PARTY DISCLOSURES

Included within creditors, amounts falling due after more than one year, is a balance of £156,747 due to the shareholder's of the company. This loan is non-interest bearing.