REGISTERED NUMBER: 00878174 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EASTBAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Ramsden

M N Ramsden

REGISTERED OFFICE:

Mayrhofen

Holton Road

Tetney

GRIMSBY

DN36 5PB

REGISTERED NUMBER:

00878174 (England and Wales)

ACCOUNTANTS:

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

FIXED ASSETS

Tangible assets

4

4,366

54,944

Investments

5

1,725

1,725

Investment property

6

2,071,214

2,314,937

2,077,305

2,371,606

CURRENT ASSETS

Stocks

7

174,986

160,171

Debtors

8

1,351,596

839,164

Cash at bank

175,869

614,019

1,702,451

1,613,354

CREDITORS

Amounts falling due within one year

9

74,561

211,377

NET CURRENT ASSETS

1,627,890

1,401,977

TOTAL ASSETS LESS CURRENT LIABILITIES

3,705,195

3,773,583

PROVISIONS FOR LIABILITIES

16,109

16,109

NET ASSETS

3,689,086

3,757,474

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

1,510

1,510

Capital redemption reserve

1,000

1,000

Profit and loss account - undistributable

167,423

167,423

Profit and loss account

3,519,153

3,587,541

SHAREHOLDERS' FUNDS

3,689,086

3,757,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

J J Ramsden - Director

1.	STATUTORY INFORMATION

Eastbay Limited 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 fair value, excluding value added tax, of rental income receivable on investment properties and of property sales measured at the point of the exchange of contracts.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold land

-

not depreciated

Leasehold property

-

over the period of the lease, which is 99 years

Plant and machinery

-

20% reducing balance

Investment in financial assets

Investments in unlisted companies are recognised at cost less impairment.

Investment property

Investment properties are revalued annually and any surplus or deficit arising from changes in fair value is recognised in the profit and loss account. No depreciation is provided in respect of investment properties.

Work in progress

Work in progress is valued at the lower of cost and estimated selling price.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recognised at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Long term debtors repayable without interest are measured at the present value of the future payments discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

land

leasehold

machinery

Totals

£

£

£

£

COST

At 1 April 2024

4,875

65,167

1,250

71,292

Disposals

(1,375

)

(65,167

)

-

(66,542

)

At 31 March 2025

3,500

-

1,250

4,750

DEPRECIATION

At 1 April 2024

-

16,181

167

16,348

Charge for year

-

-

217

217

Eliminated on disposal

-

(16,181

)

-

(16,181

)

At 31 March 2025

-

-

384

384

NET BOOK VALUE

At 31 March 2025

3,500

-

866

4,366

At 31 March 2024

4,875

48,986

1,083

54,944

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1,725

NET BOOK VALUE

At 31 March 2025

1,725

At 31 March 2024

1,725

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,314,937

Additions

207,292

Disposals

(451,015

)

At 31 March 2025

2,071,214

NET BOOK VALUE

At 31 March 2025

2,071,214

At 31 March 2024

2,314,937

The investment properties were valued at fair value on 31 March 2025 by the director J J Ramsden. The historical cost of the investment properties is £2,080,991 (2024: £2,412,620).

7.

STOCKS

31.3.25

31.3.24

£

£

Stocks

174,986

160,171

8.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

3,469

4,146

Amounts owed by group undertakings

388,116

-

Other debtors

59,403

107,638

Taxation Receivable

-

356

Prepayments

500,608

503,127

951,596

615,267

Amounts falling due after more than one year:

Other debtors

400,000

223,897

Aggregate amounts

1,351,596

839,164

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,829

9,917

Amounts owed to group undertakings

-

118,906

Social security and other taxes

16,872

6,948

Other creditors

48,094

73,340

Accrued expenses

2,766

2,266

74,561

211,377