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Company Registration No. 10553255 (England and Wales)
Project Eastbourne Ltd Unaudited accounts for the year ended 31 March 2023
Project Eastbourne Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Project Eastbourne Ltd Company Information for the year ended 31 March 2023
Directors
Saqib Zach Chaudry Steven John Mortimer
Company Number
10553255 (England and Wales)
Registered Office
A and L Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY UK
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Project Eastbourne Ltd Accountants' report
Accountants' report to the board of directors of Project Eastbourne Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Project Eastbourne Ltd for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Project Eastbourne Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Project Eastbourne Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Project Eastbourne Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Project Eastbourne Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Project Eastbourne Ltd. You consider that Project Eastbourne 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 accounts of Project Eastbourne 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 3 April 2025
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Project Eastbourne Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
4
585,205 
1,018,002 
Cash at bank and in hand
78,203 
154,907 
663,408 
1,172,909 
Creditors: amounts falling due within one year
5
(14,639)
(690,231)
Net current assets
648,769 
482,678 
Total assets less current liabilities
648,769 
482,678 
Creditors: amounts falling due after more than one year
6
(118,700)
(825,973)
Net assets/(liabilities)
530,069 
(343,295)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
529,969 
(343,395)
Shareholders' funds
530,069 
(343,295)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by
Saqib Zach Chaudry Director Company Registration No. 10553255
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Project Eastbourne Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Project Eastbourne Ltd is a private company, limited by shares, registered in England and Wales, registration number 10553255. The registered office is A and L Suite 1-3 , The Hop Exchange, 24 Southwark Street, London, SE1 1TY, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,196 
6,550 
Amounts due from group undertakings etc.
11,000 
- 
Other debtors
572,009 
1,011,452 
585,205 
1,018,002 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
4,639 
45,081 
Amounts owed to group undertakings and other participating interests
- 
635,150 
14,639 
690,231 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,500 
32,500 
Other creditors
- 
426,274 
Loans from directors
96,200 
367,199 
118,700 
825,973 
7
Controlling party
Spring Capital Management Limited, A&L Suite 1-3, The Hop Exchange, 24 Southwark Street, London, SE1 1TY
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Project Eastbourne Ltd Notes to the Accounts for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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