EGHB 118 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04115561 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

EGHB 118 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Newton

REGISTERED OFFICE:

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

REGISTERED NUMBER:

04115561 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

FIXED ASSETS

Investments

4

2,541,726

2,462,580

CURRENT ASSETS

Cash at bank

44,072

23,275

CREDITORS

Amounts falling due within one year

5

3,200

1,200

NET CURRENT ASSETS

40,872

22,075

TOTAL ASSETS LESS CURRENT LIABILITIES

2,582,598

2,484,655

PROVISIONS FOR LIABILITIES

90,888

75,850

NET ASSETS

2,491,710

2,408,805

CAPITAL AND RESERVES

Called up share capital

6

1,500,100

1,500,100

Fair value reserve

7

679,497

679,497

Retained earnings

312,113

229,208

SHAREHOLDERS' FUNDS

2,491,710

2,408,805

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 28 November 2019 and were signed by:

J Newton - Director

1.	STATUTORY INFORMATION

EGHB 118 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.

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.

INVESTMENTS

Investments are measured at fair value with changes in fair value being recognised in the statement of

comprehensive income.

TAXATION

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

Retained Earnings, 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 balance sheet date.

DEFERRED TAX

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

balance sheet 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 April 2018

2,462,580

Additions

13,048

Revaluations

66,098

At 31 March 2019

2,541,726

NET BOOK VALUE

At 31 March 2019

2,541,726

At 31 March 2018

2,462,580

Listed investments have a historical cost of £1,695,000 (2018: £1,695,000).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Accruals and deferred income

1,200

1,200

Directors' current accounts

2,000

-

3,200

1,200

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

1,500,000

Preference Shares

£1

1,500,000

1,500,000

1,500,100

1,500,100

7.

RESERVES

Fair value

reserve

£

At 1 April 2018

and 31 March 2019

679,497

8.	RELATED PARTY TRANSACTIONS

The Company was under the control of J Newton throughout the current and previous period. J Newton is the

managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102

Section 1A.