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Company Registration No. 13233082 (England and Wales)
Eaglestone Bays Ltd Unaudited accounts for the year ended 31 May 2025
Eaglestone Bays Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Eaglestone Bays Ltd Company Information for the year ended 31 May 2025
Directors
Oliver Banks Timothy Coen
Company Number
13233082 (England and Wales)
Registered Office
2nd Floor 8 - 16 Newton Street Manchester M1 2AN England
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Eaglestone Bays Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,379,140
3,798,365
Current assets
Debtors
5
6,860
-
Cash at bank and in hand
70,566
8,490
77,426
8,490
Creditors: amounts falling due within one year
6
(3,594,772)
(3,250,194)
Net current liabilities
(3,517,346)
(3,241,704)
Total assets less current liabilities
861,794
556,661
Provisions for liabilities
Deferred tax
(115,423)
(85,717)
Net assets
746,371
470,944
Capital and reserves
Called up share capital
7
1
1
Revaluation reserve
405,488
301,647
Profit and loss account
340,882
169,296
Shareholders' funds
746,371
470,944
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2026 and were signed on its behalf by
Oliver Banks Director Company Registration No. 13233082
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Eaglestone Bays Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Eaglestone Bays Ltd is a private company, limited by shares, registered in England and Wales, registration number 13233082. The registered office is 2nd Floor 8 - 16 Newton Street, Manchester, M1 2AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. 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.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At valuation
At 1 June 2024
3,798,365
Additions
650,110
Revaluations
110,680
Disposals
(180,015)
At 31 May 2025
4,379,140
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
4,379,140
At 31 May 2024
3,798,365
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Eaglestone Bays Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
6,860
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,507
-
Amounts owed to group undertakings and other participating interests
3,550,858
3,220,403
Taxes and social security
27,057
28,891
Other creditors
14,450
-
Accruals
900
900
3,594,772
3,250,194
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Residential Real Estate Global Ltd The company is a 100% subsidiary of Residential Real Estate Global Ltd. At the balance sheet date the amount due to Residential Real Estate Global Ltd was £3,220,403 (2023: £2,375,403).
9
Controlling party
The company's parent company is Residential Real Estate Global Ltd, a company incorporated in England and Wales. For the year ended 31 May 2024, Residential Real Estate Global Ltd was controlled by Timothy Coen and Oliver Banks.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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