Company registration number 10035548 (England and Wales)
EAGLEFIELD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
EAGLEFIELD LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
EAGLEFIELD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
4,057,708
3,187,402
Debtors
3
19,929
383
Cash at bank and in hand
516
568
4,078,153
3,188,353
Creditors: amounts falling due within one year
4
(3,101,899)
(2,753,457)
Net current assets
976,254
434,896
Creditors: amounts falling due after more than one year
5
(1,001,449)
(468,000)
Net liabilities
(25,195)
(33,104)
Capital and reserves
Called up share capital
6
20,000
10,000
Profit and loss reserves
(45,195)
(43,104)
Total equity
(25,195)
(33,104)

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 December 2025 and are signed on its behalf by:
Mr B Thakrar
Director
Company registration number 10035548 (England and Wales)
EAGLEFIELD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
10,000
(27,234)
(17,234)
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(15,870)
(15,870)
Balance at 31 March 2024
10,000
(43,104)
(33,104)
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
(2,091)
(2,091)
Issue of share capital
6
10,000
-
10,000
Balance at 31 March 2025
20,000
(45,195)
(25,195)
EAGLEFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Eaglefield Limited is a private company limited by shares incorporated in England and Wales. The registered office is Argyle House, Joel Street, Northwood, Middlesex, HA6 1NW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Stocks

Inventories are stated at the lower of cost and net realisable value. The cost of inventory comprises the costs of construction of the properties and includes borrowing costs specifically associated with the construction of the property. Net realisable value is the estimate of the selling price in the ordinary course of business, less the costs of completion and selling expenses.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

EAGLEFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
19,929
383
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
38,338
11,007
Amounts owed to group undertakings
3,041,485
-
0
Other creditors
22,076
2,742,450
3,101,899
2,753,457
EAGLEFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,001,449
468,000

The bank loan is secured by a fixed legal charge over the property and its associated assets, a debenture and directors' guarantee.

6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
X Ordinary Shares of £1 each
10,200
10,000
10,200
10,000
Y Ordinary Shares of £1 each
9,800
0
9,800
-
0
20,000
10,000
20,000
10,000
7
Related party transactions

Included in creditors is a balance of £3,0 4 1,485 (2024: £Nil) due to parent undertaking.

During the year, the shareholders and their associated companies provided interest free loans amounting to £Nil (202 4: £2,7 40,350) with no set repayment dates.

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