REGISTERED NUMBER: 03267430 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

EASTHALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N C F Pellett

SECRETARY:

J N D Pellett

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Kent

ME2 3EW

REGISTERED NUMBER:

03267430 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Investments

5

-

100

Investment property

6

9,800,000

10,800,000

9,800,000

10,800,100

CURRENT ASSETS

Debtors

7

1,252,644

1,017,022

Cash at bank

3,177,125

3,036,368

4,429,769

4,053,390

CREDITORS

Amounts falling due within one year

8

12,872

79,456

NET CURRENT ASSETS

4,416,897

3,973,934

TOTAL ASSETS LESS CURRENT LIABILITIES

14,216,897

14,774,034

PROVISIONS FOR LIABILITIES

1,896,602

2,401,004

NET ASSETS

12,320,295

12,373,030

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

9

6,707,415

7,203,013

Retained earnings

5,612,680

5,169,817

12,320,295

12,373,030

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 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 10 November 2025 and were signed by:

N C F Pellett - Director

1.	STATUTORY INFORMATION

Easthall 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.	STATEMENT OF COMPLIANCE

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 presentation

and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

Rents receivable

Turnover is usually recognised based on the period of occupancy of each property, and when the following conditions are satisfied:

- the amount of revenue can be reliably measured

- it is probable that the economic benefits associated with the transaction will flow to the entity

Interest receivable

Interest income is recognised using the effective interest method.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is included at fair value. Valuations are carried out annually by the directors based on:

- how the market could be expected to price the asset

- measuring the risk return factors inherent in the asset

Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

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 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.

Financial instruments

Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2024

100

Disposals

(100

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

10,800,000

Impairments

(1,000,000

)

At 31 March 2025

9,800,000

NET BOOK VALUE

At 31 March 2025

9,800,000

At 31 March 2024

10,800,000

The investment properties at Wells House and 37 Upper Street are valued in the accounts as £9,800,000 (2023 - £10,800,000). This figure has been based off of Mr Nicholas Pellett (the director) as an estimate.

The historic cost of the properties was £1,195.983.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(1,000,000

)

Cost

10,800,000

9,800,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,049,992

1,048,552

Other debtors

202,652

(31,530

)

1,252,644

1,017,022

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

5,095

75,515

Other creditors

7,777

3,941

12,872

79,456

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

7,203,013

Deferred tax adjustment

504,402

Revaluation in the year

(1,000,000

)

At 31 March 2025

6,707,415

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

N C F Pellett

Balance outstanding at start of year

20,350

(998

)

Amounts advanced

205,092

23,496

Amounts repaid

(802

)

(2,148

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

224,640

20,350

The loan from the company to the director is unsecured and repayable on demand. Interest has been charged at the HMRC official rate.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N C F Pellett.