Registration number: 12344766

Eastern Margins Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

Eastern Margins Ltd

(Registration number: 12344766)
Balance Sheet as at 31 December 2024

	Note	2024 £		2023 £
Current assets
Debtors	3		12,777		1,704
Cash at bank and in hand			8,036		39,188
			20,813		40,892
Creditors: Amounts falling due within one year	4		(18,336)		(20,358)
Net assets			2,477		20,534
Capital and reserves
Profit and loss account		2,477		20,534
Total equity			2,477		20,534

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025
 

......................................... Mr D Zhou Director

Eastern Margins Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2024

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is £ sterling

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Eastern Margins Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2024

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Share capital

Ordinary shares are classified as equity.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Debtors

Current	2024 £	2023 £
Trade debtors	12,777	500
Other debtors	-	1,204
	12,777	1,704

4

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	4,969	4,816
Other creditors	13,367	15,542
	18,336	20,358