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REGISTERED NUMBER: 03087253 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EAST OF INDIA LIMITED

EAST OF INDIA LIMITED (REGISTERED NUMBER: 03087253)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST OF INDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Ayris
Ms A F Spratling
C Ayris





SECRETARY: J Ayris





REGISTERED OFFICE: The Old Brewery
Park Farm Close
Folkestone
Kent
CT19 5DU





REGISTERED NUMBER: 03087253 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

EAST OF INDIA LIMITED (REGISTERED NUMBER: 03087253)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,235 85,622
Investment property 5 75,886 75,886
151,121 161,508

CURRENT ASSETS
Stocks 2,742,215 2,507,759
Debtors 6 990,874 1,152,662
Investments 7 12,441,815 9,837,575
Cash at bank and in hand 1,613,292 2,524,870
17,788,196 16,022,866
CREDITORS
Amounts falling due within one year 8 682,665 491,708
NET CURRENT ASSETS 17,105,531 15,531,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,256,652

15,692,666

PROVISIONS FOR LIABILITIES 534,140 405,000
NET ASSETS 16,722,512 15,287,666

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 16,722,410 15,287,564
16,722,512 15,287,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EAST OF INDIA LIMITED (REGISTERED NUMBER: 03087253)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:




J Ayris - Director



Ms A F Spratling - Director


EAST OF INDIA LIMITED (REGISTERED NUMBER: 03087253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

East Of India 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade and settlement discounts. Turnover from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 15 years on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property, which is property for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Financial instruments
The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Other financial assets

Other financial assets are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit of loss.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.


EAST OF INDIA LIMITED (REGISTERED NUMBER: 03087253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense represents the sum of the tax currently payable or receivable and deferred tax.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised 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.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged to profit or loss on a straight line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2024 174,497 220,454 394,951
Disposals - (1,979 ) (1,979 )
At 31 December 2024 174,497 218,475 392,972
Depreciation
At 1 January 2024 137,603 171,726 309,329
Charge for year 2,475 7,783 10,258
Eliminated on disposal - (1,850 ) (1,850 )
At 31 December 2024 140,078 177,659 317,737
Net book value
At 31 December 2024 34,419 40,816 75,235
At 31 December 2023 36,894 48,728 85,622

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2024
and 31 December 2024 75,886
Net book value
At 31 December 2024 75,886
At 31 December 2023 75,886

In the opinion of the directors, the fair value of the investment property, being freehold land, as at 31 December 2024, arrived at on the basis of open market value, amounts to £75,886 (2023 - £75,886). The valuation includes the impact of market conditions.

EAST OF INDIA LIMITED (REGISTERED NUMBER: 03087253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,613 95,840
Other debtors 897,261 1,056,822
990,874 1,152,662

Other debtors includes an amount of £624,316 (2023 - £780,816) due to the company from the directors and the associated s455 tax of £175,000 (2023 - £175,000).

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 12,441,815 9,837,575

Other investments are held in an investment portfolio, which is managed by the company's Financial Planners. The investments are included in the financial statements at fair value, which was determined by reference to valuations produced by the investment managers.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,661 35,374
Taxation and social security 597,996 418,837
Other creditors 45,008 37,497
682,665 491,708

9. LEASING AGREEMENTS
At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £387,372 (2023: £482,772).

The lease commitment includes rent payable to December 2028 in respect of a property occupied by the company.

10. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The Company has provided a guarantee in favour of HM Revenue and Customs to the value of £10,000 in respect of VAT liabilities.

11. DIRECTORS' TRANSACTIONS

During the year, the company made advances totalling £15,112 (2023 - £217,223) to the directors. Repayments totalling £171,612 (2023 - £342,183) were made in respect of these advances. The overdrawn balances incurred interest at HMRC approved rates.