ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 13948574

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2024

	EG1 PROPERTY LIMITED


EG1 PROPERTY LIMITED

COMPANY INFORMATION

Director	B Asadi


Registered number	13948574


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


EG1 PROPERTY LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


EG1 PROPERTY LIMITED REGISTERED NUMBER:13948574

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	31 December	31 March
	2024	2024
Note	£	£

Fixed assets
Investment property	4		1,000,000		1,085,027
			1,000,000		1,085,027
Current assets
Debtors: amounts falling due within one year	5	34,260		10,572
		34,260		10,572
Creditors: amounts falling due within one year	6	(1,024,481)		(1,047,662)
Net current liabilities			(990,221)		(1,037,090)
Total assets less current liabilities			9,779		47,937

Net assets			9,779		47,937

Page 1


EG1 PROPERTY LIMITED REGISTERED NUMBER:13948574

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

		31 December		31 March
		2024		2024
		£		£

Capital and reserves
Allotted, called up and fully paid share capital	1	1
Profit and loss account	9,778	47,936
	9,779	47,937

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf.

B Asadi

Director

Date: 17 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


EG1 PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

EG1 Property Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office can be found on the company information page.

During the period, the accounting reference date of the company was changed from 31 March 2025 to 31 December 2024 to align with other companies under the director's control.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from rent receivable from investment properties and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3


EG1 PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including the director, during the period was 1 (2024 - 1).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	1,085,027
	Deficit on revaluation	(85,027)
	At 31 December 2024	1,000,000

The 2024 valuation was made by the director, on an open market value for existing use basis.

Page 4


EG1 PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					31 December	31 March
					2024	2024
					£	£


Trade debtors	7,000	7,000
Other debtors	4,357	-
Prepayments and accrued income	1,646	3,572
Deferred taxation	21,257	-
	34,260	10,572

Amounts owed to group undertakings	1,001,419	1,026,141
Corporation tax	8,538	9,523
Accruals and deferred income	14,524	11,998
	1,024,481	1,047,662

Page 5