Registration number: 04640835

Eastwood Properties Ltd

Contents

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

Eastwood Properties Ltd

Company Information

Directors

Mr Neil John Samuel Jacobs Mr Ben Sebastian Jacobs Mr Gary Jacobs

Company secretary

Mr Neil John Samuel Jacobs

Registered office

Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield England EN2 8AS

Accountants

Paul Winston Limited Chartered AccountantsSilver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Eastwood Properties Ltd

(Registration number: 04640835)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	6,029,082	6,029,082
Other financial assets	5	3,800	3,800
		6,032,882	6,032,882
Current assets
Debtors	6	2,178,630	1,862,385
Cash at bank and in hand		98,313	14,303
		2,276,943	1,876,688
Creditors: Amounts falling due within one year	8	(16,122)	(14,881)
Net current assets		2,260,821	1,861,807
Net assets		8,293,703	7,894,689
Capital and reserves
Called up share capital	9	9,005	12,850
Revaluation reserve		1,916,374	1,916,374
Retained earnings		6,368,324	5,965,465
Shareholders' funds		8,293,703	7,894,689

For the financial year ending 31 December 2024 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.

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

......................................... Mr Neil John Samuel Jacobs Company secretary and director

Eastwood Properties Ltd

(Registration number: 04640835)
Balance Sheet as at 31 December 2024

......................................... Mr Ben Sebastian Jacobs Director

......................................... Mr Gary Jacobs Director

Eastwood Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the Board on 31 December 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, 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

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

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.

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.

Eastwood Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Eastwood Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Investment properties

	2024 £
At 1 January	6,029,082
At 31 December	6,029,082

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

Eastwood Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	3,800	3,800
At 31 December 2024	3,800	3,800
Impairment
Carrying amount
At 31 December 2024	3,800	3,800

6

Debtors

Current	2024 £	2023 £
Trade debtors	5,948	7,390
Other debtors	2,172,682	1,854,995
	2,178,630	1,862,385

7	Current asset investments

2024 £

2023 £

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	5,489	5,489
Taxation and social security	10,633	9,392
	16,122	14,881

Eastwood Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1	1	3,846	3,846
Ordinary A of £1 each	1	1	1	1
Ordinary N of £1 each	1,500	1,500	1,500	1,500
Ordinary G of £1 each	1,500	1,500	1,500	1,500
Ordinary B of £1 each	1,500	1,500	1,500	1,500
Ordinary R of £1 each	1	1	1	1
Ordinary S of £1 each	1	1	1	1
Ordinary H of £1 each	1	1	1	1
Ordinary other of £1 each	4,500	4,500	4,500	4,500
	9,005	9,005	12,850	12,850

10

Dividends

Interim dividends paid

		2024 £		2023 £
Interim dividend of £Nil (2023 - £5.42) per each Ordinary		-		45,300
Interim dividend of £9.05 (2023 - £18.00) per each Ordinary other		81,500		81,000
		81,500		126,300

11	Related party transactions

Summary of transactions with subsidiaries

Chatham-Glyn Fabrics Ltd Chatham-Glyn Fabrics Ltd is a wholly owned subsidiary of the company.
During the year the company received rent of £37900 (2023 £37,900).