Registration number: 12418603

EG Buildings Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

EG Buildings Ltd

Company Information

Directors

Richard Gowan Andrew Exelby

Registered office

10 Carrallack Terrace St Just Penzance Cornwall TR19 7LW

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Road Falmouth Cornwall TR11 4QD

EG Buildings Ltd

(Registration number: 12418603)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,149	711
Investment property	5	283,864	283,864
		286,013	284,575
Current assets
Debtors	6	605	5,667
Cash at bank and in hand		2,774	1,122
		3,379	6,789
Creditors: Amounts falling due within one year	7	(151,307)	(158,450)
Net current liabilities		(147,928)	(151,661)
Total assets less current liabilities		138,085	132,914
Creditors: Amounts falling due after more than one year	7	(116,043)	(121,866)
Provisions for liabilities		(537)	(135)
Net assets		21,505	10,913
Capital and reserves
Called up share capital		2	2
Retained earnings		21,503	10,911
Shareholders' funds		21,505	10,913

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

EG Buildings Ltd

(Registration number: 12418603)
Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... Richard Gowan Director

EG Buildings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
10 Carrallack Terrace
St Just
Penzance
Cornwall
TR19 7LW

2	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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of units within the property in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

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.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

EG Buildings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings & equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

EG Buildings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	1,685	1,685
Additions	2,155	2,155
At 31 January 2025	3,840	3,840
Depreciation
At 1 February 2024	974	974
Charge for the year	717	717
At 31 January 2025	1,691	1,691
Carrying amount
At 31 January 2025	2,149	2,149
At 31 January 2024	711	711

5	Investment properties

	2025 £
At 1 February	283,864
At 31 January	283,864

The property has been valued by the Directors with reference to the rental yield of the building.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	2025 £	2024 £
Trade debtors	391	5,492
Prepayments	16	-
Other debtors	198	175
	605	5,667

EG Buildings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,824	5,592
Amounts owed to group undertakings and undertakings in which the company has a participating interest		68,985	72,680
Taxation and social security		3,185	1,387
Accruals and deferred income		2,615	8,093
Other creditors		70,698	70,698
		151,307	158,450

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	116,043	121,866

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	116,043	121,866

EG Buildings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,824	5,592