Eternity Limited

(Registration number: 03101800)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	1,037,500	1,037,500
Current assets
Debtors	5	61,888	66,928
Cash at bank and in hand		299,638	297,607
		361,526	364,535
Creditors: Amounts falling due within one year	6	(66,496)	(45,096)
Net current assets		295,030	319,439
Total assets less current liabilities		1,332,530	1,356,939
Provisions for liabilities		(2,816)	(2,816)
Net assets		1,329,714	1,354,123
Capital and reserves
Called up share capital	7	3	3
Revaluation reserve		226,258	226,258
Retained earnings		1,103,453	1,127,862
Shareholders' funds		1,329,714	1,354,123

Eternity Limited

(Registration number: 03101800)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 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 6 May 2026 and signed on its behalf by:
 

......................................... Mr L C Macrides Company secretary and director

......................................... Mr A C Macrides Director

Eternity Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

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

The address of its registered office is:
34 Boulevard
Weston-Super-Mare
North Somerset
BS23 1NF
United Kingdom

The principal place of business is:
16 Newtons Road
Kewstoke
Weston-super-Mare
Somerset
BS22 9LG
United Kingdom

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.

The presentation currency of the financial statements is Pound Sterling (£).

Eternity Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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 the directors. The directors 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. Fair value adjustments are transferred to a non-distributable revaluation reserve.

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.

Eternity Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from tenants for rental income 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 2 (2024 - 2).

Eternity Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Investment properties

	2025 £
At 1 October 2024	1,037,500
At 30 September 2025	1,037,500

Investment properties have been fair valued by the directors as at the balance sheet date based upon the prevailing market conditions.

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

If the property had not been revalued, the original cost would be shown as £808,425 (2024 - £808,425).

5

Debtors

Current	2025 £	2024 £
Prepayments	4,668	5,579
Other debtors	57,220	61,349
	61,888	66,928

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	29,695	29,777
Taxation and social security	21,895	4,615
Accruals and deferred income	10,115	5,913
Other creditors	4,791	4,791
	66,496	45,096

Eternity Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.10 each	30	3	30	3

8	Related party transactions

Transactions with directors

2025	At 1 October 2024 £	Advances to director £	Repayments by director £	At 30 September 2025 £
Mr A C Macrides
Directors loan account	17,986	55,719	(57,697)	16,008
Mr L C Macrides
Directors loan account	27,407	56,307	(57,254)	26,460

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	At 30 September 2024 £
Mr A C Macrides
Directors loan account	21,336	46,442	(49,792)	17,986
Mr L C Macrides
Directors loan account	27,760	52,962	(53,315)	27,407

Eternity Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8	Related party transactions (continued)

Interest has been charged at 2.25% (to 5 April 2025) and 3.75% (from 6 April 2025) on the outstanding loans to the directors. The company considers these loans to be repayable on demand and transactions are made on an arms length basis.