ETERNIT PROPERTIES LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C E Marsh

A C Bernstein

SECRETARY:

A C Bernstein

REGISTERED OFFICE:

Premier Suite

4 Churchill Court

Station Road

North Harrow

Middlesex

HA2 7ST

REGISTERED NUMBER:

02865532 (England and Wales)

ACCOUNTANTS:

ADAMS MOORHOUSE LIMITED, Chartered Accountants

4 Churchill Court

58 Station Road

North Harrow

Middlesex

HA2 7ST

BANKERS:

Barclays Bank PLC

Corporate Branch

Leicester

Leicestershire

LE87 2BB

CURRENT ASSETS

Stocks

375,836

373,501

Debtors

6

119,904

-

Cash at bank and in hand

53,936

1,248,788

549,676

1,622,289

CREDITORS

Amounts falling due within one year

7

46,639

1,143,889

NET CURRENT ASSETS

503,037

478,400

TOTAL ASSETS LESS CURRENT LIABILITIES

503,037

478,400

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

502,937

478,300

SHAREHOLDERS' FUNDS

503,037

478,400

503,037

478,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

C E Marsh - Director

1.	STATUTORY INFORMATION

Eternit Properties 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 provisions of Section 1A "Small Entities" 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.

The company adopted the new accounting standard FRS102 on 1 January 2016. No amendments have been necessitated to the previously reported figures.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 January 2025

and 31 December 2025

750

Depreciation

At 1 January 2025

and 31 December 2025

750

Net book value

At 31 December 2025

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

119,904

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

UK Corporation Tax

6,366

9,029

Amounts due to related parties

38,473

39,473

Directors' current accounts

-

1,093,837

Accruals and deferred income

1,550

1,550

Accrued expenses

250

-

46,639

1,143,889

8.	CONTINGENT LIABILITIES

As far as the director is aware, there were no contingent liabilities at the balance sheet date.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

C E Marsh

Balance outstanding at start of year

-

-

Amounts advanced

119,904

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

119,904

-

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £38,473 (2024: £39,473) to a company under the control of the directors. The loan is unsecured, interest free and repayable on demand.

During the year the company received management fee income of £20,000 (2024: £30,000) from the same company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C E Marsh.