Eastgate Street Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12371564 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Eastgate Street Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Chittenden

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

12371564 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Investments

4

-

50,000

Investment property

5

1,742,807

1,316,143

1,742,807

1,366,143

CURRENT ASSETS

Debtors

6

942,390

381,870

Cash at bank and in hand

14,339

747,705

956,729

1,129,575

CREDITORS

Amounts falling due within one year

7

1,519,431

1,289,775

NET CURRENT LIABILITIES

(562,702

)

(160,200

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,105

1,205,943

CREDITORS

Amounts falling due after more than one
year

8

1,261,000

NET LIABILITIES

(80,895

)

(55,057

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(80,995

)

(55,157

)

(80,895

)

(55,057

)

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 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 9 September 2025 and were signed by:

M Chittenden - Director

1.	STATUTORY INFORMATION

Eastgate Street 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments

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 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/12/24

31/12/23

£

Other Investments

50,000

Disposal

(50,000

)

-

50,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,316,143

Additions

426,664

At 31 December 2024

1,742,807

NET BOOK VALUE

At 31 December 2024

1,742,807

At 31 December 2023

1,316,143

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

-

3,328

Other debtors

942,390

378,542

942,390

381,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade creditors

27,500

5,773

Taxation and social security

2,739

3,607

Other creditors

1,489,192

1,280,395

1,519,431

1,289,775

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/12/23

£

Bank loans

1,261,000

The bank loan is secured by a charge over the properties owned by the company.

9.	RELATED PARTY DISCLOSURES

Included in other creditors are the following balances due to related parties:

£70,000 due to Seckford Hall Hotel Ltd;

£145,591 due to MRM 47 Ltd;

£21,000 due to Magna Assets Ltd;

£25,000 due to Woodhall Manor Events Ltd;

£111,487 due to The Royal Hotel (Essex) Ltd;

£885,230 due to The Manor By The Lake Cheltenham Ltd.

£10,000 due to Accounts RealTime Ltd.

£207,225 due to Manor Studios Ltd

Included in other debtors are the following balances due from related parties:

£272,857 due from Great Northern Hotel (UK) Ltd

£112,000 due from Sand Dunes (Essex) Ltd

£525,959 due from Stanwood Enterprises Ltd

£8,300 due from Ordnance Depot Ltd

All the above companies are connected via common control and/or director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Michael Chittenden by virtue of his shareholding.