Eaglevale Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04647352 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

EAGLEVALE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Schreiber

SECRETARY:

Mrs R Niederman

REGISTERED OFFICE:

147 STAMFORD HILL

London

N16 5LG

REGISTERED NUMBER:

04647352 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

3

32

37

Investment property

4

275,000

275,000

275,032

275,037

CURRENT ASSETS

Debtors

5

2,744

-

Cash at bank

8,658

10,582

11,402

10,582

CREDITORS

Amounts falling due within one year

6

35,488

33,899

NET CURRENT LIABILITIES

(24,086

)

(23,317

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,946

251,720

CREDITORS

Amounts falling due after more than one year

7

52,233

56,843

NET ASSETS

198,713

194,877

CAPITAL AND RESERVES

Called up share capital

9

1

1

Revaluation reserve

10

25,000

25,000

Retained earnings

10

173,712

169,876

SHAREHOLDERS' FUNDS

198,713

194,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 October 2019 and were signed by:

J Schreiber - Director

1.	STATUTORY INFORMATION

Eaglevale Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent recivable excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2018

and 31 January 2019

260

DEPRECIATION

At 1 February 2018

223

Charge for year

5

At 31 January 2019

228

NET BOOK VALUE

At 31 January 2019

32

At 31 January 2018

37

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2018

and 31 January 2019

275,000

NET BOOK VALUE

At 31 January 2019

275,000

At 31 January 2018

275,000

Fair value at 31 January 2019 is represented by:

£

Valuation in 2017

25,000

Cost

250,000

275,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

2,744

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Taxation and social security

901

1,369

Other creditors

34,587

32,530

35,488

33,899

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Bank loans

52,233

56,843

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

52,233

56,843

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.19

31.1.18

£

£

Bank loans

52,233

56,843

The bank loan is secured by a first charge over the company's investment properties and bear interest at variable

rates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2018

169,876

25,000

194,876

Profit for the year

3,836

3,836

At 31 January 2019

173,712

25,000

198,712

11.	ULTIMATE CONTROLLING PARTY

The controlling party is J Schreiber.