ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Company Registration Number 03286012

	EASTON PROPERTIES LIMITED

	FINANCIAL STATEMENTS

	31 DECEMBER 2025

EASTON PROPERTIES LIMITED

REGISTERED NUMBER: 03286012

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025


	2025	2024
Note	£	£

Fixed assets
Tangible fixed assets	4		1,364,543		1,161,493
			1,364,543		1,161,493
Current assets
Debtors: amounts falling due within one year	5	151,517		310,649
Cash at bank and in hand	6	27,477		256,180
		178,994		566,829
Creditors: amounts falling due within one year	7	(640,791)		(1,036,238)
Net current liabilities			(461,797)		(469,409)
Total assets less current liabilities			902,746		692,084
Creditors: amounts falling due after more than one year	8		(1,313,315)		(774,180)

Net liabilities			(410,569)		(82,096)

Capital and reserves
Called up share capital	40,024	40,024
Share premium account	40,776	40,776
Profit and loss account	(491,369)	(162,896)
	(410,569)	(82,096)

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.

The Company has opted not to file the statement of comprehensive income 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 by:

A C Lawrence

Director

Date: 16 September 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 1

EASTON PROPERTIES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	40,024	40,776	(339,335)	(258,535)
Comprehensive income for the year
Profit for the year	-	-	176,439	176,439

At 1 January 2025	40,024	40,776	(162,896)	(82,096)
Comprehensive income for the year
Loss for the year	-	-	(328,473)	(328,473)
At 31 December 2025	40,024	40,776	(491,369)	(410,569)

The notes on pages 3 to 6 form part of these financial statements.

Page 2

EASTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The company is a private company limited by shares incorporated and domiciled in the United Kingdom. Its registered office is Magnavale House, Holmewood Industrial Park, Holmewood, Chesterfield, S42 5UY.

These financial statements have been presented in Pound Sterling ('£') as this is the currency of the primary economic environment in which the company operates.

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

The directors have prepared cashflow forecasts and the forecast outlook underpins the directors' expectations that the business will continue to operate as a going concern for the foreseeable future. Continued financial support is available from its parent company in the event that additional funding is required for the company to meet its obligations as they fall due. The directors therefore believe that there are no material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.

2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts due from customers less any amounts received in advance, which are included within creditors until they are recognised in line with the agreement.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

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

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

EASTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Page 4

EASTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Land and leasehold property	Boreholes	Assets under construction	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	789,974	25,000	346,519	1,161,493
Additions	165,400	-	37,650	203,050
At 31 December 2025	955,374	25,000	384,169	1,364,543

Net book value
At 31 December 2025	955,374	25,000	384,169	1,364,543
At 31 December 2024	789,974	25,000	346,519	1,161,493

Debtors


					2025	2024
					£	£


Trade debtors	-	119,303
Other debtors	77,852	59,600
Prepayments and accrued income	73,665	131,746
	151,517	310,649

Cash at bank and in hand	27,477	256,180
	27,477	256,180

Page 5

EASTON PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Trade creditors	42,138	69,595
Amounts owed to companies under common control	87,914	403,280
Other taxation and social security	-	16,734
Other creditors	46,822	-
Accruals and deferred income	463,917	546,629
	640,791	1,036,238

Other loans	1,313,315	774,180
	1,313,315	774,180

The other loans are unsecured.

9.	Controlling party

The immediate parent undertaking is Sadel Group S.à r.l., a company incorporated in Luxembourg.

The ultimate controlling party by virtue of his 100% shareholding in Sadel Group S.à r.l. is S A Lawrence.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 17 September 2026 by Steven Williams (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

Page 6