Company No: 03312635 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,982		7,979
		5,982		7,979
Current assets
Stocks		0		1,134
Debtors	4	1,502		1,339
Cash at bank and in hand		3,629		16,523
		5,131		18,996
Creditors: amounts falling due within one year	5	( 66,231)		( 83,419)
Net current liabilities		(61,100)		(64,423)
Total assets less current liabilities		(55,118)		(56,444)
Creditors: amounts falling due after more than one year	6	( 3,267)		( 13,185)
Net liabilities		( 58,385)		( 69,629)
Capital and reserves
Called-up share capital	7	164,714		164,714
Profit and loss account		( 223,099 )		( 234,343 )
Total shareholders' deficit		( 58,385)		( 69,629)

For the financial year ending 28 February 2025 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 financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Egglestone Development Limited (registered number: 03312635) were approved and authorised for issue by the Director on 27 October 2025. They were signed on its behalf by:

Mr J R R Mcconnell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Egglestone Development Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Torbay Rise, Old Mill Road, Chelston, TQ2 6HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £58,385. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the 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 value of services provided to date can be reliably measured.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		3

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 29 February 2024	20,287		30,355		16,019		66,661
At 28 February 2025	20,287		30,355		16,019		66,661
Accumulated depreciation
At 29 February 2024	19,923		23,514		15,245		58,682
Charge for the financial year	91		1,710		196		1,997
At 28 February 2025	20,014		25,224		15,441		60,679
Net book value
At 28 February 2025	273		5,131		578		5,982
At 28 February 2024	364		6,841		774		7,979

4. Debtors

	2025		2024
	£		£
Trade debtors	0		487
Other debtors	1,502		852
	1,502		1,339

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,067		10,148
Trade creditors	1,837		3,003
Other taxation and social security	3,338		613
Other creditors	50,989		69,655
	66,231		83,419

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,267		13,185

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
164,704 Ordinary shares of £ 1.00 each	164,704		164,704
10 B Ordinary shares of £ 1.00 each	10		10
	164,714		164,714