ACCOUNTS - Final Accounts preparation

Registered number: 11606963

EAST GRINSTEAD LAND LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2025

EAST GRINSTEAD LAND LIMITED

REGISTERED NUMBER: 11606963

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£


Current assets
Stocks		-		579,846
Debtors: amounts falling due within one year	4	749		749
Cash at bank and in hand	5	28		28
		777		580,623
Creditors: amounts falling due within one year	6	(85,812)		(11,684)
Net current (liabilities)/assets			(85,035)		568,939
Total assets less current liabilities			(85,035)		568,939
Creditors: amounts falling due after more than one year	7		(283,859)		(576,776)

Net liabilities			(368,894)		(7,837)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(368,994)	(7,937)
	(368,894)	(7,837)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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EAST GRINSTEAD LAND LIMITED

REGISTERED NUMBER: 11606963

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 OCTOBER 2025

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2026.

L. J. Murphy

Director

The notes on pages 3 to 5 form part of these financial statements.

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EAST GRINSTEAD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

East Grinstead Land Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

These accounts have been prepared on the going concern basis. The directors/ shareholders have expressed a commitment to continue to support the company financially.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue represents the sale of land and professional services in relation to the sale of the land.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Stocks

Stock represents initial development costs for 70-72 London Road East Grinstead.

2.6

Debtors

Short-term debtors are measured at transaction price.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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EAST GRINSTEAD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


VAT Repayable	749	749
	749	749

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank	28	28
	28	28

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EAST GRINSTEAD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	9,174	9,175
Whitgift Estates Limited	61,889	15
Whitgift Estates (Phoenix House) Limited	10,299	244
Accruals	4,450	2,250
	85,812	11,684

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Lendnet Property LLP	-	354,776
Kudos Property Holdings Limited	222,000	222,000
Shaw 360 Ltd	61,859	-
	283,859	576,776

The loan from LendNet LLP attracted interest at 8.75% pa. Interest accrued over the period of the loan. The loan was repaid following the sale of land in September 2025.
The loan was secured by a first charge over the freehold land and buildings known as 70-72 London Road, East Grinstead RH19 1AB.
The loans from Kudos Property Holdings Limited (KPHL) and Shaw 360 Ltd will be repaid prior to the distribution of any profits to shareholders.

8.	Related party transactions
	During the year, the company received loans from two related companies, Whitgift Estates Limited (WEL) and Whitgift Estates (Phoenix House) Limited (WEPHL) to fund costs. At the year end, the balance due to WEL was £61,889 (2024 - £15) and WEPHL £10,299 (2024 - £244). The loans are interest fee.

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