REGISTERED NUMBER: 07189179 (England and Wales)

EANDO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P J Goldstein

SECRETARY:

Mr P J Goldstein

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

07189179 (England and Wales)

ACCOUNTANTS:

Carston ETL

Chartered Accountants

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Tangible assets

4

770

1,794

CURRENT ASSETS

Stocks

4,866,198

7,969,071

Debtors

5

58,197

152,578

Cash at bank and in hand

166,242

143,906

5,090,637

8,265,555

CREDITORS

Amounts falling due within one year

6

9,297,438

12,583,786

NET CURRENT LIABILITIES

(4,206,801

)

(4,318,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,206,031

)

(4,316,437

)

CREDITORS

Amounts falling due after more than one year

7

10,000

20,000

NET LIABILITIES

(4,216,031

)

(4,336,437

)

CAPITAL AND RESERVES

Called up share capital

8

301

301

Retained earnings

9

(4,216,332

)

(4,336,738

)

SHAREHOLDERS' FUNDS

(4,216,031

)

(4,336,437

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 5th December 2025 and were signed by:

Mr P J Goldstein - Director

1.	STATUTORY INFORMATION

Eando 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the sale of properties recognised on completion, rental income receivable and management charges receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20%-33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs.

Subsequent to initial recognition, they are measured at transaction price less any impairment losses.

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and deposits.

Going concern

These financial statements have been prepared on the going concern basis, which presumes that the company is able to continue in operational existence for the foreseeable future. The company's liabilities at the balance sheet date exceeded its assets by £4,216,031. The company is reliant upon the support of Mr P J Goldstein, a director, and other creditors. Mr P J Goldstein and companies he controls have advanced unsecured loans to the company net in the sum of £9,167,273. Other creditors have also advanced loans to the company. If this support were withdrawn, the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any further liabilities that may arise. The company is unable to quantify the effect of such adjustments on the financial statements. The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

16,147

4,098

20,245

DEPRECIATION

At 1st April 2024

16,147

2,304

18,451

Charge for year

-

1,024

1,024

At 31st March 2025

16,147

3,328

19,475

NET BOOK VALUE

At 31st March 2025

-

770

770

At 31st March 2024

-

1,794

1,794

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

19,280

15,280

Other debtors

38,917

137,298

58,197

152,578

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,073

17,154

Taxation and social security

1,978

1,808

Other creditors

9,274,387

12,564,824

9,297,438

12,583,786

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

10,000

20,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

211

A Ordinary

£1

211

211

90

B Ordinary

£1

90

90

301

301

9.

RESERVES

Retained

earnings

£

At 1st April 2024

(4,336,738

)

Profit for the year

120,406

At 31st March 2025

(4,216,332

)

10.	RELATED PARTY DISCLOSURES

Mr P J Goldstein is a director.

Nevica Limited, D B Loan Finance Limited, NTS Investments Limited, NTS AG and Telegraph Hill Management Limited are controlled by Mr P J Goldstein.

All of the above are considered to be related parties.

Transactions and balances with related parties during the year are as follows:

£

Net balances owed to related parties by the company at the balance sheet date

9,167,273

Mr P J Goldstein has provided security for the company's borrowings.